ESAF Small Finance Bank IPO GMP

Author : Sachin Gupta

01-November-2023

What is IPO GMP?

IPO GMP shows us the premium that someone is willing to pay for the corresponding IPO in the grey market; It is used frequently to forecast the listing price of upcoming IPOs.

About ESAF Small Finance Bank IPO 

ESAF, founded in 1992, is a Small Finance Bank that primarily provides loans to rural and semi-urban consumers.  Micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans are among the services offered by the bank. Bank has 700 locations, 743 customer service centers, 20 business correspondents, and 481 business facilitators as of March 2023.

ESAF Small Finance Bank IPO Details

IPO Date

  IPO Close

Face Value

IPO Price

IPO Size

Lot Size

Listing At

Allotment Date

Listing Date

03-Nov-23

₹10 per share

₹57 to ₹60

07-Nov-23

₹463.00 Cr

250 shares

BSE NSE

10-Nov-23

16-Nov-23

Date

GMP

ESAF Small Finance Bank IPO GMP

06-Nov-23

₹ 19

07-Nov-23

₹ 21

08-Nov-23

₹ 21

09-Nov-23

₹ 16

10-Nov-23

₹ 16