New Delhi, November 10 (Language) Shares of ESAF Small Finance Bank closed on Friday with a rise of about 15 percent against the issue price of Rs 60 on the first day of trading.
The company’s shares were listed at Rs 71.90 on BSE, up 19.83 per cent from the issue price. It jumped 24.5 percent during the day to reach Rs 74.70. Finally closed at Rs 69.05 with a jump of 15 percent.
Whereas in NSE the share started at Rs 71 with a gain of 18.33 percent. At the end of trading, it closed at Rs 68.80 with a gain of 14.66 percent.
The market valuation of the company stood at Rs 3,554.55 crore.
During the day, 49.42 lakh shares of the company were traded on BSE and more than 6.89 crore shares were traded on NSE.
The initial public offering (IPO) of ESAF Small Finance Bank was subscribed 73.15 times. The price range of the initial share sale of Rs 463 crore was Rs 57-60 per share.
Language Niharika Raman