The distribution of ESAF Small Finance Bank's IPO shares will be completed today. Here's how to see your status:

 The distribution of ESAF Small Finance Bank's IPO shares will be completed today. Here's how to see your status:

"On Sunday, the ESAF Small Finance Bank IPO's share allocation was completed. Shares were distributed to investors by a lottery system, with the registrar overseeing the whole process.

Investors learn on the allotment day how many shares they have been allocated in relation to the bids placed. They may go to the registrar's website or use the BSE to check the status of their allocation. Here's how to use BSE to check the status.

First, go to the BSE website.

Step 2: Kindly choose the issue name from the drop-down menu, which is the name of the firm.

Step 3: To see the status of the allocation, enter the application number or PAN number.

This week is anticipated to see the company's shares launched on the markets. Market experts claim that in the unlisted market, ESAF Small Finance Bank is fetching a premium of Rs 21.

Given the top price range of Rs 60, it seems probable that the stock would be offered at a substantial 35% premium."

Strong demand from institutional investors resulted in a staggering 73 times subscriptions to the public offer at closing. The IPO's QIB category was 173 times booked.

The unbanked and underbanked client groups are the focus of ESAF Small Finance Bank, particularly in rural and semi-urban regions. With a CAGR of 39.22%, the AUM increased from Rs 8,426 crore to Rs 16,320 crore between FY21 and FY23, the greatest CAGR among peers.

The lender's overall revenue for the three months ending in June increased 34% YoY to Rs 992 crore, while its net profit increased 22% to Rs 130 crore. Over the same time period, net interest income rose by 30% to Rs 585 crore. With gross non-performing assets (NPAs) falling to 1.65% from 6.16% a year earlier and net non-performing assets (NPAs) falling to 0.81%, asset quality improved dramatically in the June quarter.

The book-running lead managers for the offer were DAM Capital Advisors, Nuvama Wealth Management, and ICICI Securities."