ESAF Small Finance Bank IPO listing date today. GMP, experts signal strong debut of shares

livemint.com:

ESAF Small Finance Bank IPO: Listing date of the initial public offering (IPO) of ESAF Small Finance Bank Limited has been fixed on 10th November 2023 i.e. today. As per the BSE notification, "...effective from Friday, November 10, 2023, the equity shares of ESAF Small Finance Bank Ltd shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." BSE notice went on to add that ESAF Small Finance Bank share price will list on BSE and NSE in special pre-open session during Friday deals.

ESAF Small Finance Bank IPO allotment declared. Latest GMP, listing date, how to check status According to stock market experts, ESAF Small Finance Bank IPO received strong response from investors as it got subscribed 73.15 times in three days of bidding from 3rd November to 7th November 2023. They said that issue size is also small and previous issue of the same segment Ujjivan Small Finance Bank doubled investors' money on the listing date.

Hence, allottees may expect strong listing gain from the ESAF Small Finance Bank IPO as well. They said that ESAF Small Finance Bank IPO may list in the range of ₹72 to ₹77 per share, delivering 20-25 per cent listing gain to allottees. Expecting strong debut of ESAF Small Finance Bank shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Small size, attractive valuations and strong fundamentals was the major reason for strong response by investors.