Latest News | ESAF Small Finance Bank Shares Debut with Nearly 20 Pc Premium

New Delhi, Nov 10 (PTI) Shares of ESAF Small Finance Bank on Friday listed with a premium of nearly 20 per cent against the issue price of Rs 60.

The stock made its debut at Rs 71.90, rallying 19.83 per cent from the issue price on the BSE. It later jumped 24.5 per cent to Rs 74.70.

Also Read | Pippa Actress Mrunal Thakur Opens Up on Delay of Ishaan Khattar-Starrer: 'A Film Like My Baby Deserves its Time to Shine'.

At the NSE, shares of the company began the trade at Rs 71, up 18.33 per cent.

The company commanded a market valuation of Rs 3,685.82 crore during the morning trade.

Also Read | Uttarakhand Day 2023 Date: Know the History & Significance of Uttarakhand Sthapna Diwas That Marks the State Foundation Day.

The Initial Public Offering (IPO) of ESAF Small Finance Bank was subscribed 73.15 times on the last day of subscription on Tuesday.

The Rs 463-crore initial share sale had a price range of Rs 57-60 a share.

ESAF Small Finance Bank is one of the leading small finance banks in India in terms of client base size, yield on advances, net interest margin, assets under management, Compound Annual Growth Rate (CAGR), total deposit CAGR, loan portfolio concentration in rural and semi-urban areas and ratio of micro loan advances to gross advances.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)