ESAF Small Finance Bank gears up for IPO, shortlists merchant banks

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Thrissur-based ESAF Small Finance Bank has shortlisted merchant banks as it gears up for its initial public offering, two people privy to the development told VCCircle. The bank is likely to mandate four merchant bankers for its Rs 1,000 crore targeted IPO, and has so far shortlisted ICICI Securities, Axis Capital and ......