ESAF Small Finance Bank is an Indian small finance bank headquartered in Thrissur, Kerala, providing banking services and small loans to the underbanked. Nuvama Wealth Management Limited has successfully closed INR 4,630mn (c.US$ 55mn) Initial Public Offering (IPO) for ESAF Small Finance Bank. The deal saw strong participation across investor categories garnering more than
INR 250,000mn making it the highest QIB subscribed IPO amongst all the SFB IPOs till date. The company saw a stellar IPO success with the stock price closing at 18.3% premium to the issue price.
Nuvama Investment Banking
Advised in the sale of
ESAF Small Finance Bank
to