The allotment status for the ESAF Small Finance Bank Initial Public Offer (IPO) has been announced on 8th November. The tentative allotment date mentioned in the RHP was 10th November but the news reports are indicating a faster track to listing. Considering that more and more companies’ IPOs are following the T+3 rule for listing, ESAF Small Finance Bank IPO allotment status and listing both are being done sooner than the tentative dates mentioned in it’s red-herring prospectus. The investors can check the allotment status through the ESAF Small Finance Bank IPO registrar Link Intime Private Limited’s website – linkintime.co.in.
Here are the important facts to know about the ESAF Small Finance Bank IPO allotment and listing:
- The finalisation of basis of allotment is done on 8th November, 2023. Meaning, the investors who have subscribed to the ESAF IPO issue can now check the allotment status of their shares on Thursday .
- The ESAF Small Finance Bank Limited will be listed on both NSE and BSE on 10th November, 2023. The original date for the listing was mentioned as 16th November in the RHP but the process is fast-tracked now.
- The refunds and credit of shares will take place on 8th and 9th November considering the new allotment and listing dates. The tentative date for the initiation of refunds and credit of shares to the Demat account of the successful allottees were mentioned as November 13th and November 15th respectively in the RHP.
- Note that all dates are as tentative and may change.
How to check the IPO allotment status
The investors who have subscribed to the ESAF Small Finance Bank IPO issue can check their allotment status by visiting the linkintime.co.in website. Application number, PAN or DP Client ID details will be required to check the share allotment status.
Subscription and GMP
The ESAF Small Finance Bank’s IPO issue was subscribed a total of 77 times during its run between 5th-7th November, 2023. The grey market premium on 8th November was faring around Rs 21 per share, a surge riding on the good sentiment in the official market about the issue.
Stay tuned to IPOSingh for more IPO news.
