ESAF Small Finance Bank IPO
Small Finance Bank - Listed on 10 November 2023
ESAF Small Finance Bank IPO listing summary
ESAF Small Finance Bank (Small Finance Bank) closed its IPO window in 2023 and listed on NSE and BSE on 10 November 2023 at an upper band issue price of Rs 60, opening at Rs 71 for a listing gain of +18.3% and closing day one at Rs 69.05 (+15.1% on closing basis). The IPO was subscribed 73.14x overall - QIB 173.52x, HNI/NII 84.36x, Retail 16.95x. The total issue size was Rs 463 Cr (Fresh Issue Rs 390.7 Cr, OFS Rs 72.3 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
ESAF Small Finance Bank IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 12 | +20.00% |
| Day 2 | Rs 12 | +20.00% |
| Day 3 | Rs 18 | +30.00% |
| Day 4 | Rs 20 | +33.33% |
| Day 5 | Rs 20 | +33.33% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the ESAF Small Finance Bank IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
ESAF Small Finance Bank IPO - FAQs
What was the listing gain of ESAF Small Finance Bank IPO?
ESAF Small Finance Bank IPO listed at +18.3% versus the upper issue price of Rs 60 on 10 November 2023.
How many times was ESAF Small Finance Bank IPO subscribed?
ESAF Small Finance Bank IPO was subscribed 73.14x overall. QIB portion was subscribed 173.52x, HNI / NII 84.36x and Retail 16.95x.
What was the IPO GMP for ESAF Small Finance Bank?
IPO GMP started at Rs 12 on Day 1 and moved to Rs 20 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.