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

ESAF Small Finance Bank IPO Details: ESAF SFB IPO date is fixed, the IPO is to hit the market on November 3 and will close on November 7. ESAF Bank IPO to raise around ₹463 crores via IPO that comprises fresh issue of ₹390.70 and offer for sale up to ₹72.30 Shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
ESAF Small Finance Bank IPO

Table of Contents

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

IPO Open:November 3, 2023
IPO Close:November 7, 2023
IPO Size:Approx ₹463 Crores
Fresh Issue:Approx ₹390.70 Crores
Offer for Sale:Approx ₹72.30 Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹57 to ₹60 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum1250₹15,000
Retail Maximum133250₹195,000
S-HNI Minimum143500₹210,000
B-HNI Minimum6716750₹10,05,000

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.

Anchor Investors Allotment:November 1, 2023
IPO Open Date:November 3, 2023
IPO Close Date:November 7, 2023
Basis of Allotment:November 9, 2023
Refunds:November 9, 2023
Credit to Demat Account:November 9, 2023
IPO Listing Date:November 10, 2023

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

  ₹ in Crores
YearRevenueExpensePAT
2021₹1784₹1663₹105.40
2022₹2148₹2093₹54.73
2023₹3142₹2839₹302.33

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.

Earning Per Share (EPS):₹6.73 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):17.69%
Net Asset Value (NAV):₹38.03 per Equity Share

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

What is ESAF Small Finance Bank IPO?

ESAF Small Finance Bank IPO is a main-board IPO. They are going to raise ₹430 Crores via IPO. The issue is priced at ₹57 to ₹60 pr equity share. The IPO is to be listed on BSE & NSE.

When ESAF Small Finance Bank IPO will open?

The IPO is to open on November 3, 2023 for QIB, NII, and Retail Investors.

What is ESAF Small Finance Bank IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 35%, and Retail is 10%.

How to Apply the ESAF Small Finance Bank IPO?

You can apply for ESAF Small Finance Bank IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the ESAF Small Finance Bank IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “ESAF Small Finance Bank”. 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. Open Demat Account with Zerodha.

How to Apply the ESAF Small Finance Bank IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “ESAF Small Finance Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the ESAF Small Finance Bank IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “ESAF Small Finance Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is ESAF Small Finance Bank IPO Size?

ESAF Small Finance Bank IPO size is ₹463 crores.

What is ESAF Small Finance Bank IPO Price Band?

ESAF Small Finance Bank IPO Price Band is ₹57 to ₹60.

What is the ESAF Small Finance Bank IPO Allotment Date?

ESAF Small Finance Bank IPO allotment date is November 9, 2023.

What is the ESAF Small Finance Bank IPO Listing Date?

ESAF Small Finance Bank IPO listing date is November 10, 2023. The IPO is to list on BSE and NSE.

Note: The ESAF Small Finance Bank IPO price band and date are officially announced. The IPO grey market premium (ESAF Small Finance Bank IPO Premium) will be added to the IPO grey market page as it will start).

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