 "IPO")
Kerala-based ESAF Small Finance Bank has got permission to float an initial public offering (IPO). The Bank had filed its Draft Red Herring Prospectus (DRHP) on January 6, 2020 with markets regulator Securities and Exchange Board of India for an Rs 976 crore Initial Public Offering (IPO).
SEBI issued the final observations to the lenders proposal on March 20, 2020.
According to the DRHP, the IPO comprises of a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) aggregating up to Rs 176.2 crore.
The bank, in consultation with its Book Running Lead Managers (BRLMs) may consider
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