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ā¢ The ESAF Small Finance Bank IPO, priced in the range of Rs 57-60, opened for subscription today and will close on November 7.
ā¢ Analysts advise subscribing to the issue given the company's strong return ratios and focus on unbanked and under-banked customer segments.
ā¢ The IPO includes a fresh equity issue of Rs 391 crore and an offer for sale of Rs 72 crore, with proceeds going towards augmenting the Bank's Tier-I capital base.