The small finance bank company ESAF Small Finance Bank IPO or ESAF SFB IPO hit the market 03 November 2023 and closes on 07 November 2023. According to this RHP, the company will issue shares through both fresh offers for sale in which ₹390.70 crores through the fresh issue and offer for sale ₹72.30 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
ESAF Small Finance Bank (ESAF SFB) small finance bank with a focus on unbanked and under-banked customer segments, especially in rural and semiurban canters. The bank primarily focus on expanding the banking horizon to new unbanked/underbanked areas, yet we stand as a bank for all with a presence in urban, semi-urban, rural, and rural unbanked areas. you can check ESAF SFB IPO GMP here.
As at June 30, 2023, our gross advances to our customers in rural and semi-urban centers (combined) accounted for 62.97% of our gross advances and 71.71% of our banking outlets were located in rural and semi-urban centers.
| Read also: Upcoming IPO List 2023 |
The Bank offers a host of modern banking services like ATMs, Debit Card, Safe Deposit Lockers, Internet banking, Mobile Banking, Agent banking, SMS banking, RTGS, NEFT, CTS, etc. The doorstep delivery services, Free video calling facility at branches, and Hrudaya Deposit Scheme are some of the exclusive features offered by ESAF Small Finance Bank.
The bank network of 700 outlets, 743 customer service centers, 20 business correspondents and 481 business facilitators. The Bank has 581 ATM’s located across 21 states of India. You can check ESAF Small Finance bank IPO Subscription status here.
Object Of the Issue :
- The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting our Bank’s Tier – I capital base to meet our Bank’s future capital requirements and for increasing our Bank’s business, which is primarily onward lending. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer.
Company Strengths :
- Our understanding of the micro loan segment, which has enabled us to grow our business outside of Kerala, our home state.
- Main focus on our rural and semi-urban banking franchise.
- Growing Retail Deposits portfolio.
- Customer connections driven by our customer-centric products and processes and other non-financial services for Micro Loan customers.
- Technology-driven model with a digital technology platform.
- Experienced Board, Key Managerial Personnel and Senior Management Personnel.
ESAF Small Finance Bank IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹302.33 Cr ₹60 EQ 6.73 8.91x 19.41 % 17.09 % N/A % N/A ₹38.03 ₹20,795.94 Cr ₹3087.54 Cr 74.43 % 62.64 % |
| Team Review : | ✔ Apply For Long Term |
ESAF Small Finance Bank IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 03 November 2023 |
| IPO Close : | 07 November 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹57 – ₹60 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹463.00 Cr {77,166,666 Shares} |
| Fresh Issue : | ₹390.70 Cr {65,116,666 Shares} |
| Offer For Sale : | ₹72.30 Cr {12,050,000 Shares} |
| EMP Discount : | ₹5 Per Share |
ESAF Small Finance Bank IPO Market Lot :
ESAF Small Finance Bank IPO Minimum Market lot is 1 Lot with 250 shares with ₹15,000 Application amount. The retail investors can apply up to 13 lots with 3250 Shares or ₹195,000 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 250 | ₹15,000 |
| Retail Maximum : | 13 | 3250 | ₹195,000 |
| S-HNI Minimum : | 14 | 3500 | ₹210,000 |
| S-HNI Maximum : | 66 | 16500 | ₹990,000 |
| B- HNI Minimum : | 67 | 16750 | ₹1,005,000 |
ESAF Small Finance Bank IPO Reservation :
ESAF IPO Total Reservation of 77,166,666 shares is to be bid for the public issue by ESAF IPO with 38,583,333 for QIB and 11,574,999 for NII 27,008,333 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | 50% | 38,583,333 | ₹231.50 Cr |
| NII : | 15% | 11,574,999 | ₹69.45 Cr |
| RII : | 35% | 27,008,333 | ₹162.05 Cr |
| Total : | 100% | 77,166,665 | ₹463.00 Cr |
ESAF Small Finance Bank IPO EPS & RoNW :
The ESAF Small Finance Bank company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹6.73 | 17.69% | ₹38.03 |
| 2022 | ₹1.22 | 3.89% | ₹31.30 |
| 2021 | ₹2.46 | 7.80% | ₹30.08 |
ESAF Small Finance Bank IPO Peer Comparison PE :
The ESAF Small Finance Bank, According to RHP of the company few listed company in which show in below table.
| Sr. No. | Company | PE Ratio |
| 1. | Suryoday Small Finance Bank Limited | 22.39 |
| 2. | CreditAccess Grameen Limited | 26.81 |
| 3. | Spandana Sphoorty Financial | 471.38 |
| 4. | Bandhan Bank Limited | 16.55 |
| 5. | Ujjivan Small Finance Bank | 9.81 |
| 6. | Equitas Small Finance Bank | 21.51 |
ESAF Small Finance Bank IPO Dates :
ESAF Small Finance Bank IPO Date is 03 November 2023 and closes on 07 November 2023. The allotment will be finalized on 10 November 2023 and the IPO may list on 16 November 2023.
| Anchor Date : | 02 November 2023 |
| Open Date : | 03 November 2023 |
| Close Date : | 07 November 2023 |
| Allotment Date : | 10 November 2023 |
| Refund Date : | 13 November 2023 |
| Share Credit Date : | 15 November 2023 |
| Listing Date : | 16 November 2023 |
ESAF Small Finance Bank IPO Form :
There are two ways to apply in ESAF Small Finance Bank IPO. You can apply for ESAF Small Finance Bank IPO through ASBA available in your bank account. You have to go to your online bank login and select ESAF IPO in the Invest section and apply through your bank account. Another option is you can apply for ESAF SFB IPO through IPO form download through NSE and BSE. See the ESAF Small Finance Bank IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
ESAF Small Finance Bank Company Financial Report (Cr) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹3,141.57 | ₹2,839.24 | ₹302.33 |
| 2022 | ₹2,147.51 | ₹2,092.78 | ₹54.73 |
| 2021 | ₹1,768.42 | ₹1,663.02 | ₹105.40 |
Company Promoters :
■ Ravimohan Periyakavil Ramakrishnan
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
ESAF Small Finance Bank IPO Lead Managers :
■ ICICI Securities Limited
■ DAM Capital Advisors Limited
■ Nuvama Wealth Management Limited
ESAF Small Finance Bank IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 022 4918 6060
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check ESAF Small Finance Bank IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
ESAF Small Finance Bank Limited
Building No. VII/83/8
ESAF Bhavan, Thrissur-Palakkad National Highway
Mannuthy, Thrissur 680 651
Kerala, India
Tel: +91 487 7123 907
E-mail: [email protected]
Website: www.esafbank.com
ESAF Small Finance Bank IPO FAQs :
What is ESAF Small Finance Bank IPO?
ESAF Small Finance Bank IPO is Mainboard IPO. They are going to raise ₹463.00 Crores via IPO. The issue is priced at ₹57-₹60 per equity share. The IPO is to be listed on NSE, BSE.
When ESAF Small Finance Bank IPO will open?
The IPO is to open on 03 Nov – 07 Nov for QIB, NII & RII.
What is ESAF Small Finance Bank IPO Size?
ESAF Small Finance Bank IPO size is ₹463.00 Crores.
What is the Fresh issue size of ESAF Small Finance Bank IPO?
The Fresh issue size of ESAF Small Finance Bank IPO ₹390.70 Cr.
What is the Offer For Sale size of ESAF Small Finance Bank IPO?
The Offer For Sale size of ESAF Small Finance Bank IPO ₹72.30 Cr.
What is ESAF Small Finance Bank IPO Price Band?
ESAF Small Finance Bank IPO Price Band is ₹57-₹60 Per share.
What is ESAF Small Finance Bank IPO Minimum and Maximum Lot Size?
The minimum bid is 250 Shares with ₹15,000 amount while the maximum bid is 3250 shares with ₹195,000.
What is ESAF Small Finance Bank IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 10%, RII 35%.
What is ESAF Small Finance Bank IPO Allotment Date?
ESAF Small Finance Bank IPO allotment date is 10 November 2023.
What is ESAF Small Finance Bank IPO Listing Date?
ESAF Small Finance Bank IPO listing date is 16 November 2023. The IPO to list on NSE, BSE.
How to Apply the ESAF Small Finance Bank IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “ESAF Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ESAF Small Finance Bank IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “ESAF Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ESAF Small Finance Bank IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “ESAF Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ESAF Small Finance Bank IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “ESAF Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| ESAF Small Finance Bank IPO GMP: Click Here ESAF Small Finance Bank IPO Subscription: Click Here ESAF Small Finance Bank IPO Allotment: Click Here ESAF Small Finance Bank IPO Listing: Click Here |
All ESAF SFB IPO-related links are available here. If you want to know the details then click on Click Here Link.
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