Summary:
By Express News ServiceKOCHI: Thrissur-based ESAF Small Finance Bank on Monday filed it's Draft Red Herring Prospectus (DRHP) with markets regulator Securities and Exchange Board of India for a Rs 976 crore Initial Public Offering (IPO). 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 a pre-IPO placement of up to Rs 300 crore. If it is undertaken, the amount raised will be reduced from the fresh issue, the DRHP states. The BRLMs to the offer are Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited and IIFL Securities Limited..