ESAF Small Finance Bank IPO: A comprehensive guide to verify the status of allocation, GMP, and listing date

 ESAF Small Finance Bank IPO: A comprehensive guide to verify the status of allocation, GMP, and listing date

By November 9, the ESAF Small Finance Banks share allocation is anticipated to be completed, and on November 10, the company may list on the NSE and BSE.

Investors responded favorably to the first public offering (IPO) of ESAF Small Finance Bank, as shown by the 73.15 subscriptions obtained. Moneycontrol was informed by sources that the shares are selling on the gray market for a 33% premium.

Shares are traded on the grey market, an unofficial exchange, far in advance of the IPO allotment and up to the listing day. To estimate the listing price, most investors monitor a stock's grey market premium (GMP).

The issue's price range was set at Rs 57–60 per share, and it was available for subscriptions from November 3 to November 7. A new issuance of 6.51 crore shares valued at Rs 390.7 crore and an offer to sell 1.2 crore shares valued at Rs 72.5 crore made up the Rs 463 crore offer.

According to reports, the share allocation is anticipated to be completed by November 9; on November 10, the stock may list on the NSE and BSE. Investors may check their allotment status on BSE and Link Intime once the allocation is finalized.