ESAF Small Finance Bank Ltd
Price Range
₹57 - ₹60
Min. Quantity
250
Closes on
7 November 2023
Min. investment
₹15,000/3,250 Shares
ESAF Small Finance Bank Ltd IPO Timeline
ESAF Small Finance Bank Limited was incorporated on May 5, 2016 at Thrissur, Kerala, as a Public Limited Company vide Certificate of Incorporation issued by the RoC. The Bank received license to carry on business as a SFB from the Reserve Bank of India on November 18, 2016 and commenced their banking operations from 10 March 2017. As per RBI Approval, the Bank became a Schedule Bank effective from November 12, 2018, which was included in the Second Schedule to the Reserve Bank of India Act, 1934.
| Event | Date |
|---|---|
| ESAF Small Finance Bank Ltd IPO Opening Date | 3 November 2023 |
| ESAF Small Finance Bank Ltd IPO Closing Date | 7 November 2023 |
| Basis of Allotment | 8 November 2023 |
| Initiation of Refunds | 8 November 2023 |
| Credit of Shares to Demat | 9 November 2023 |
| ESAF Small Finance Bank Ltd IPO Listing Date | 10 November 2023 |
ESAF Small Finance Bank Ltd IPO Details
| ESAF Small Finance Bank Ltd IPO Date | 3 November 2023 to 7 November 2023 |
| ESAF Small Finance Bank Ltd IPO Face Value | ₹10 per share |
| ESAF Small Finance Bank Ltd IPO Price | ₹57 to ₹60 per share |
| ESAF Small Finance Bank Ltd IPO Lot Size | 250 |
| Issue Size | Shares of ₹10 (aggregating up to ₹463 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹390.7 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹72.3 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,58,07,017 of the Net Offer |
| Retail Shares Offered | Not less than 2,76,62,281 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,18,55,264 of the Net Offer |
| Company Promoters | Kadambelil Paul Thomas, Esaf Financial Holdings Pvt Lt |
ESAF Small Finance Bank Ltd IPO Lot Size
The ESAF Small Finance Bank Ltd IPO lot size is 250 shares. A retail-individual investor can apply for up to 13 lots (3,250 shares or ₹1,95,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 250 | ₹15,000 |
| Maximum | 13 | 3,250 | ₹1,95,000 |
- Strengths
- Risks
- Opportunities
- Its understanding of the micro loan segment, which has enabled the bank to grow its business outside of Kerala, its home state.
- Strong rural and semi-urban banking franchise.
- Fast-growing Retail Deposit portfolio with low concentration risk.
- Strong customer connections driven by its customer centric products and processes and other non-financial services for Micro Loan customers.
- Technology-driven model with an advanced digital technology platform.
- Experienced Board and Key Management Personnel.
Company Financials
ESAF Small Finance Bank Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 26,086.88 | 4,260.25 | 425.57 |
| 03-2023 | 20,223.68 | 3,141.57 | 302.33 |
| 03-2022 | 17,707.56 | 2,147.51 | 54.73 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To be utilised towards augmentation of the Bank's Tier-I capital base to meet its Bank's
ESAF Small Finance Bank Ltd IPO Promoter Holding
| Pre Issue Share Holding | 6.94% |
| Post Issue Share Holding | - |
ESAF Small Finance Bank Ltd IPO Subscription Status (Bidding Detail)
The ESAF Small Finance Bank Ltd IPO is subscribed 73.15 times on 7 November 2023 05:00:00 PM. The public issue subscribed 16.97 times in the retail category, 173.52 times in the QIB category, and 84.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 173.52 | 84.37 | 16.97 | 4.36 | 73.15 |
ESAF Small Finance Bank Ltd IPO Prospectus
ESAF Small Finance Bank Ltd IPO Listing Date
| Listing Date | 10 November 2023 |
| BSE Script | 544020 |
| NSE Symbol | ESAFSFB |
| Listing In | BSE, NSE |
| ISIN | INE818W01011 |
| IPO Price | ₹60 |
| Face Value | ₹10 |
Company Contact Information
Bldg. # VII/83/8 ESAF BhavanTri-Palakkad N.Hiway. Mannuthy,Trissur-680651
Phone: +91 487 7123 907
Email: investor.relations@esafbank.com
Website: www.esafbank.com
ESAF Small Finance Bank Ltd IPO Registrar
ESAF Small Finance Bank Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- DAM Capital Advisors Ltd
- Nuvama Wealth Management Ltd
FAQ
What is the issue size of ESAF Small Finance Bank Ltd IPO?
I have pre-applied for ESAF Small Finance Bank Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.