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ESAF Small Finance Bank IPO Allotment and Listing Date

ESAF Small Finance BankÔÇÖs Initial Public Offering (IPO) has received an overwhelming response from investors, with the issue becoming oversubscribed by a significant 73.15 times. This indicates a strong demand for the bankÔÇÖs shares in the market. Moreover, sources have revealed that the shares are commanding a premium of 33% in the grey market, as reported by Moneycontrol.

The grey market serves as an unofficial trading platform where shares are traded before the official allotment in the IPO and leading up to the listing day. Many investors monitor the grey market premium (GMP) of a stock to gauge the potential listing price.

The price band for the issue, which was open for subscription from November 3 to November 7, was set at Rs 57-60 per share. The IPO, totaling Rs 463 crore, comprised a fresh issue of 6.51 crore shares worth Rs 390.7 crore and an offer-for-sale of 1.2 crore shares amounting to Rs 72.5 crore.

The process of allotment of shares is expected to be finalized by November 9, with the stock likely to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on November 10, according to insider sources. Once the allotment is confirmed, investors can check their status on the BSE and Link Intime platforms.

How AI legalese decoder Can Help

The AI legalese decoder can be particularly helpful in the case of ESAF Small Finance BankÔÇÖs IPO. It can assist in simplifying and interpreting the complex legal and financial language typically associated with IPOs, making it easier for investors to understand the intricacies of the offering. Additionally, the AI legalese decoder can provide insights and analysis related to the IPO, enabling investors to make informed decisions based on clear and accessible information. This can be invaluable in navigating the process of IPO allotment and ensuring a comprehensive understanding of the potential listing date and related market dynamics.

For investors keen on obtaining personalized legal and financial insights, the AI legalese decoder can serve as a valuable tool in demystifying the complexities of the IPO landscape, ultimately empowering individuals to make well-informed investment choices.

ItÔÇÖs important to note that the views and investment tips expressed by experts, including those on Moneycontrol.com, represent their own opinions and not necessarily those of the website or its management. As a precaution, users are advised to consult certified experts before making any investment decisions.

For those interested in staying updated with the latest business news, Sensex, Nifty updates, and personal finance insights, accessing the Moneycontrol App or visiting the Moneycontrol website can provide comprehensive resources and expert opinions to stay informed and engaged in the evolving financial landscape.

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