The share allotment of ESAF Small Finance Bank IPO has been finalised on Sunday. Investors received shares on a lottery basis and the whole process was supervised by the registrar.
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company’s name in the drop-down.
Step 3: Enter the application number or PAN number to check the allotment status.
The company’s shares are expected to get listed on the exchanges this week. According to market analysts, ESAF Small Finance Bank is commanding a premium of Rs 21 in the unlisted market.
Considering the upper price band of Rs 60, the stock is likely to be listed with a strong premium of 35%.
The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category of the IPO was booked
173 times.
ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, which was the highest CAGR among peers.
For the three months ended June, the lender’s total income rose 34% YoY to Rs 992 crore, while net profit was up 22% to Rs 130 crore. Net interest income for the same period increased 30% to Rs 585 crore. Asset quality in the June quarter improved significantly with gross NPAs down to 1.65% from 6.16% a year ago and Net NPAs also declined to 0.81%.
ICICI Securities, DAM Capital Advisors, and Nuvama Wealth Management were the book-running lead managers to the offer.
