IPO

ESAF Small Finance Bank Limited IPO

Mainboard

Other Bank

Listed On: Nov 10, 2023 at ₹ 71.0(NSE)

₹ 15000 /250 Shares

Check Allotment

Price Summary

Last Closing

39.30 (-34.5%)

52 Week High

82.40

52 Week Low

37.90

Last Update

22-Nov-2024 3:30 PM

ESAF Small Finance Bank Limited IPO Details

03 Nov, 2023

Open Date

07 Nov, 2023

Close Date

09 Nov, 2023

Allotment Date

10 Nov, 2023

Listing Date

Issue Price

₹57-60 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

71.0(NSE)

Listing Date

2023-11-10

Market Lot

Retail : 250 Shares (₹15,000/-)
S-HNI : 3,500 Shares (₹2,10,000/-)
B-HNI : 16,750 Shares (₹10,05,000/-)

Lead Manager

ICICI Securities Limited
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd
Nuvama Wealth Management Limited

Issue Size

Total ₹463 Cr :
#Fresh Issue : [.] shares(aggregating up to ₹390.70 Cr) +
#OFS : [.] shares of ₹10(aggregating up to ₹72.30 Cr)

Retail Portion

35% (Number of Retail Applications: 1,04,852 Approx),
(Number of S-HNI Applications : 1,070 Approx),
(Number of B-HNI Applications : 2,140 Approx)

Subscription

73.15 times

IPO Docs

DRHP RHP ANCHOR

ESAF Small Finance Bank Limited IPO Subscription Details

As onQIBNII
bNII   sNII		RetailEmployeeTotal
Shares Offered / Reserved15,016,66911,262,500
7,508,333    3,754,167		26,279,1672,283,65377,366,987
Day 1 - 03-11-23 05:00 PM0.90 x2.44
2.00 x   3.31 x		1.99 x1.01 x1.74 x
Day 2 - 06-11-23 05:00 PM1.04 x20.17
19.07 x   22.39 x		7.90 x2.40 x8.31 x
Day 3 - 07-11-23 05:00 PM173.52 x84.37
91.68 x   69.74 x		16.97 x4.36 x73.15 x
Total No. of Applications: 16,23,614 (Approx)
Retail Subscription on the basis of Applications: 15.45 times

ESAF Small Finance Bank Limited Valuations

Earnings Per Share (EPS)

₹6.73/-

P/E Ratio

8.94

RoNW

17.69%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

ESAF Small Finance Bank Limited Company Financials All values are in ₹ Cr.

31-Mar-2331-Mar-2231-Mar-21
Assets20,223.6617,707.5612,338.65
Revenue3,141.572,147.511,768.42
Profit After Tax302.3354.73105.40

About The Company

ESAF is a Small Finance Bank mainly focusing on providing loans to rural and semi-urban customers. The Bank's products consist of (a) Micro Loans, (b) retail loans, (c) MSME loans; (d) loans to financial institutions; and (e) agricultural loans. As of March 2023, Bank has a 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.

Bank offers convenience banking through various digital platforms such as an internet banking portal, a mobile banking platform, SMS alerts, bill payments and RuPay branded ATM cum debit cards.

As of 31st March 2022, the Bank has provided employment to 4100 people.

Read More

ESAF Small Finance Bank Limited - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
ESAF SFB1.478.9417.69%3,141
CreditAccess Grameen4.4921.617.8%3,487
Spandana Sphoorty1.9315.50.41%1,329
Ujjivan SFB2.578.2631.4%4,165
Bandhan bank Ltd1.7813.711.9%15,905
Equitas SFB2.0013.912.2%4,162
Suryoday SFB1.0414.05.03%1,184

ESAF Small Finance Bank Limited IPO - Ratings

Axis CapitalNeutral
BP Equities (BP Wealth)Subscribe
Capital MarketMay Apply
Hem SecuritiesSubscribe
JM Financial Institutional SecuritiesNeutral
LKP Securities LtdSubscribe
Religare Broking LimitedNeutral

ESAF Small Finance Bank Limited - Promoter(s)

Pre Issue Share Holding: 74.43%

Post Issue Share Holding: 62.64%

Company Promoter(s)

  1. Kadambelil Paul Thomas
  2. ESAF Financial Holdings Private Limited

ESAF Small Finance Bank Limited IPO - Issue Objectives

  1. The Net Proceeds are proposed to be utilized towards augmentation of the Bank's Tier-I capital base to meet the Bank's future capital requirements which are expected to arise out of growth in the Bank's assets, primarily the Bank's loans/advances and investment portfolio and to ensure compliance with regulatory requirements on capital adequacy prescribed by the RBI from time to time.
    The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges

ESAF Small Finance Bank Limited IPO - Anchor Investors

ESAF Small Finance Bank IPO: Anchor investors buy Rs 135 crore worth shares ahead of issue opening.

Total 11 investors participated in the anchor book, the part of qualified institutional buyers, including ACM Global Fund VCC, Founders Collective Fund, Ananta Capital Ventures Fund, Astorne Capital VCC, BNP Paribas Arbitrage, Copthall Mauritius Investment, and Alchemie Ventures Fund.

Further, Kotak Mahindra Life Insurance Company, Edelweiss Tokio Life Insurance Company, ICICI Prudential Life Insurance and SBI General Insurance also invested in the company via the anchor book.

ESAF Small Finance Bank Limited IPO - FAQs

Ans. ESAF Small Finance Bank Limited IPO is a Mainboard IPO. The issue is priced at ₹57-60 per equity share. The minimum order quantity is 250 Shares. The IPO opens on Nov 3, 2023, and closes on Nov 7, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The ESAF Small Finance Bank Limited IPO opens on Nov 3, 2023 and closes on Nov 7, 2023.

Ans. The size of ESAF Small Finance Bank Limited IPO is Total ₹463 Cr : #Fresh Issue : [.] shares(aggregating up to ₹390.70 Cr) + #OFS : [.] shares of ₹10(aggregating up to ₹72.30 Cr).

Ans. The IPO price band is set between ₹57-60 per equity share.

Ans. To apply for ESAF Small Finance Bank Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find ESAF Small Finance Bank Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of ESAF Small Finance Bank Limited IPO is Nov 9, 2023.

Ans. The ESAF Small Finance Bank Limited IPO will be listed on Nov 10, 2023.

Ans. Follow the steps to check the allotment status for ESAF Small Finance Bank Limited IPO here.