ESAF Small Finance Bank Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Incorporated in 1992, ESAF is a Small Finance Bank primarily focused on providing loans to rural and semi-urban customers, offering micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. As of March 2023, the bank operates through 700 outlets, 743 customer service centers, 20 business correspondents, 481 business facilitators, and 581 ATMs across 21 states in India. ESAF also provides convenient digital banking solutions such as internet banking, mobile banking, SMS alerts, bill payments, and RuPay debit cards. As of March 2022, the bank has employed over 4,100 people.
Price Band
₹57 – ₹60
Issue Size
₹463 Cr
Lot Size
250 shares
GMP
₹14
+23.3%
Est. Listing
₹74
at current GMP
Subscribed
77.00x
overall
Open
3 Nov 2023
Close
7 Nov 2023
Allotment
9 Nov 2023
Refund
10 Nov 2023
Demat Credit
11 Nov 2023
Listing
10 Nov 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹57 - ₹60 per equity share
- •Minimum bid lot is 250 shares
- •Estimated listing target of ₹74 based on current grey market activity