ESAF Small Finance Bank shares listed with 20 percent jump from issue price

New Delhi, November 10 (Language) Shares of ESAF Small Finance Bank were listed on Friday with a jump of nearly 20 percent compared to the issue price of Rs 60.

The company’s shares made their debut at Rs 71.90 on BSE, up 19.83 per cent from the issue price. Later it jumped 24.5 percent to Rs 74.70.

The share opened at Rs 71 on NSE with a gain of 18.33 percent.

The market valuation of the company in early trade stood at Rs 3,685.82 crore.

ESAF Small Finance Bank was subscribed 73.15 times on Tuesday, the last day of its initial public offering (IPO). The price range of the initial share sale of Rs 463 crore was Rs 57-60 per share.

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