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 received bids for 4,22,28,99,750 shares against 5,77,28,408 shares on offer, as per NSE data.
The portion for Qualified Institutional Buyers (QIBs) received 173.52 times subscription while the quota for non-institutional investors got subscribed 84.37 times.
The retail individual investors part received 16.97 times subscription.
The public offer had a fresh issue aggregating up to Rs 390.7 crore and offer for sale of up to Rs 72.3 crore.
The initial share sale had a price range of Rs 57-60 a share.
Those selling shares in the OFS were promoter ESAF Financial Holdings Pvt Ltd, and other shareholders — PNB MetLife India Insurance Company Ltd and Bajaj Allianz Life Insurance Company Ltd.
ESAF Small Finance Bank said it has collected Rs 135 crore from anchor investors.
Proceeds of the fresh issue will be utilised to
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