ESAF Small Finance Bank IPO: Issue subscribed 70% on day 1, so far; retail portion fully booked

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Key Points

ESAF Small Finance Bank IPO price band has been fixed in the range of 57 to 60 per equity share of face value of 10..

ESAF Small Finance Bank IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors..

On day 1, ESAF Small Finance Bank IPO retail investors portion was subscribed 1.09 times, NII portion was subscribed 73%, and Qualified Institutional Buyers (QIB) portion is yet to be booked, and employee portion was subscribed 61%...

ESAF Small Finance Bank IPO employee portion received bids for 14,77,250 shares against 24,03,846 on offer for this segment..

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of ESAF Small Finance Bank share price was indicated at 82 apiece, which is 36.67% higher than the IPO price of 60. ..

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