What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of ESAF Small Finance Bank Limited IPO?

ESAF Small Finance Bank Limited IPO has received a total subscription of 77.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

ESAF Small Finance Bank Limited

ListedMainboard

Industrial & 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

77.00x

Total Demand

QIB Multiplier

182.66x

Institutions & Funds

NII / HNI

88.81x

High Net-Worth

Retail (RII)

17.86x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 77.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	15,016,666	2,742,894,000	182.66x
NIB	11,262,501	1,000,230,750	88.81x
HNIs(10L +)	7,508,334	724,627,750	96.51x
HNIs (2-10L)	3,754,167	275,603,000	73.41x
RETAIL	26,279,167	469,400,000	17.86x
EMPLOYEES	2,283,654	10,482,750	4.59x
Total	66,104,489	5,223,238,250	77.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 20.39x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	108,033	1,929,469	17.86x
HNIs (10L +)	691	61,368	88.81x
HNIs (2-10L)	3,307	293,695	88.81x
Total Applications	112,031	2,284,532	20.39x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About ESAF Small Finance Bank Limited Public Issue & Market Profile

ESAF Small Finance Bank Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹463 Crores. The shares are offered at a price band of ₹57 to ₹60 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-11-07, the basis of allotment is scheduled to be finalized on 2023-11-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is ESAF Small Finance Bank Limited IPO GMP today?

The latest Grey Market Premium (GMP) for ESAF Small Finance Bank Limited IPO is ₹14 per equity share. Based on the upper price band of ₹57 to ₹60 per equity share, the estimated listing price is ₹74 (+23.3% expected listing gain).

What is the expected profit per lot for ESAF Small Finance Bank Limited IPO?

With a lot size of 250 shares and current GMP of ₹14, the expected profit per application lot is approx ₹3,500 (+23.3% gain). Minimum application cost is approx ₹15,000.

What is the issue size and price band for ESAF Small Finance Bank Limited IPO?

The ESAF Small Finance Bank Limited IPO aggregate issue size is ₹463 Crores with an equity price band set at ₹57 to ₹60 per equity share. The retail lot size is 250 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check ESAF Small Finance Bank Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 77.00x (Retail: 17.86x, QIB: 182.66x, NII: 88.81x). You can track live multiples directly on our dedicated subscription page.

Where and when will ESAF Small Finance Bank Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2023-11-09. Investors can verify status using PAN card or application number.

When is the listing date for ESAF Small Finance Bank Limited IPO?

ESAF Small Finance Bank Limited shares are scheduled to list on NSE and BSE on 2023-11-10.