ESAF Small Finance Bank IPO raises ₹135 crore from anchor investors; check details

ESAF Small Financial Bank IPO anchor investors: ESAF Small Financial Bank IPO raised capital 135.15 crores from anchor investors on Thursday, November 2. The company informed the exchanges that it has allotted 2,25,24,998 equity shares at 60 per share to set up investors. The ESAF Small Finance Bank IPO opened for subscription today (Friday, November 3), and will close on Tuesday, November 7. The ESAF Small Finance Bank IPO price band was set in the range 57 to 60 per equity share of the face value of 10.

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List of ESAF Small Finance Bank IPO anchor investors – ACM Global VCC Fund, Founders Collective Fund, Kotak Mahindra Life Insurance, Edelweiss Tokyo Life Insurance, ICICI Prudential Life Insurance, SBI General Life Insurance, Ananta Venture Fund, Astorne Capital VCC, and Alchemie Ventures Fund was among the foreign and domestic institutions that participated in the anchor.

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“The IPO steering committee of the bank has finalized the allocation of 2,25 in its meeting held on Thursday, 2 November 2,2023 and the promoter selling shareholder, in consultation with ICICI Securities Limited, DAM Capital Advisors Limited and Nuvama Wealth Management Limited , 24,998 Equity Shares, with Anchor Investors at an Anchor Investor Allotment Price of 60/- per Equity Share (including share premium of 50/- per Equity Share),” the company said.

Also read: ESAF Small Finance Bank IPO opens today: GMP, issue details, review, here are 10 key things you should know

ESAF Small Finance Bank IPO details

ESAF Bank’s IPO comprises a fresh issue of equity share value 390.7 crore by the company, and an offer for sale (OFS) of equity shares worth 72.3 crore by three shareholders. The company plans to raise 463 crore from the IPO.

The bank intends to use the net proceeds from the fresh issue to increase its Tier – I capital base to meet future capital requirements.

The lead book managers for the ESAF Small Finance Bank IPO are ICICI Securities, DAM Capital Advisors and Nuvama Wealth Management, while Link Intime India is the registrar for the IPO.

Also read: ESAF Small Financial Bank IPO: GMP, subscription status, review, other details. Apply or not?

ESAF Microfinance Bank IPO Dates

The ESAF Microfinance Bank trial registration date is scheduled for Thursday, November 16. The ESAF Small Finance Bank IPO allotment date is set for Friday, November 10. If the company switches to T+3 norms then the dates will change accordingly.

Also read: ESAF Small Finance Bank IPO opens on November 3, price band set at 57 to 60 per share

ESAF Small Finance Bank IPO GMP today

Today’s ESAF IPO GMP or gray market premium is +22, similar to the previous session. This suggests that ESAF Banc Finançin’s share price was trading at a premium 22 in the gray market on Friday, according to

A ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.

Also read: ESAF Small Finance Bank IPO opens tomorrow: GMP, issue details, review, here are 10 key things to know

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Updated: 03 November 2023, 11:00 AM IST

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