ESAF Small Finance Bank IPO Date, Review, Price, Allotment Details

ESAF Small Finance Bank Limited is a small finance bank with a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. Their asset products comprise (a) Micro Loans, which comprise Microfinance Loans and Other Micro Loans; (b) retail loans, which include gold loans, mortgages, personal loans, and vehicle loans; (c) MSME loans; (d) loans to financial institutions; and (e) agricultural loans.

ESAF Bank has an extensive network of 700 banking outlets (including 59 business correspondent-operated banking outlets), 743 customer service centers (which are operated by our business correspondents), 20 business correspondents, 2,023 banking agents, 481 business facilitators, and 528 ATMs spread across 21 states and two union territories, serving 6.83 million customers as at March 31, 2023.

Their AUM grew from ₹84,259.30 million to ₹163,312.65 million as of March 31, 2021, and 2023, respectively, registering a CAGR of 39.22%, which was the highest CAGR among their peers. (Source: CRISIL MI&A Report). Their deposits grew from ₹89,994.26 million to ₹146,656.25 million as of March 31, 2021 and 2023, respectively, registering a CAGR of 27.66%. Their Retail Deposits Ratio as of March 31, 2023, was 90.8%, which was the highest among our peers. (Source: CRISIL MI&A Report).

Objects of the Issue

• 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 IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• LKP Securities Ltd – Apply

ESAF Small Finance Bank IPO Date & Price Band Details

ESAF Small Finance Bank IPO Market Lot

The ESAF Small Finance Bank IPO minimum market lot is 250 shares with ₹15000 application amount. The retail investors can apply up-to 13 lots with 3250 shares or ₹195000 amount.

ESAF Small Finance Bank IPO Allotment & Listing Dates

The ESAF Small Finance Bank IPO date is November 3 and the close date is November 7. The ESAF Small Finance Bank IPO allotment will be finalized on November 9 and the IPO listing on November 10.

You can check IPO subscription status and IPO allotment status on their respective pages.

ESAF Small Finance Bank IPO Form

How to apply for the ESAF Small Finance Bank IPO? You can apply for ESAF Small Finance Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the ESAF Small Finance Bank IPO in the Invest section. The other option is you can apply for ESAF Small Finance Bank IPO via IPO forms downloaded via NSE and BSE. Check out the ESAF Small Finance Bank forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

ESAF Small Finance Bank Company Financial Report

ESAF Small Finance Bank IPO Valuation – FY2023

Check ESAF Small Finance Bank IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Suryoday Small Finance Bank Limited
• CreditAccess Grameen Limited
• Spandana Sphoorty Financial Limited
• Bandhan Bank Limited
• Ujjivan Small Finance Bank Limited
• Equitas Small Finance Bank Limited

Company Promoters

• KADAMBELIL PAUL THOMAS
• ESAF FINANCIAL HOLDINGS PRIVATE LIMITED

ESAF Small Finance Bank IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in

ESAF Small Finance Bank IPO Allotment Status Check

Check ESAF Small Finance Bank IPO allotment status on Linkintime website allotment URL. Click Here

ESAF Small Finance Bank IPO Lead Managers aka Merchant Bankers

• ICICI Securities Limited
• Dam Capital Advisors Ltd
• Nuvama Wealth Management Limited

Company Address

ESAF Small Finance Bank Limited
Building No. VII/83/8,
ESAF Bhavan, Thrissur-Palakkad National Highway,
Mannuthy, Thrissur 680 651
Phone: +91 487 7123 907
Email: [email protected]
Website: https://www.esafbank.com/

ESAF Small Finance Bank IPO FAQs