ESAF Small Finance Bank Limited IPO: The Rs 463.00 crore ESAF Small Finance Bank IPO is a book-built offering. The offering consists of 1.2 crore shares for sale, with a total value of Rs 72.30 crores, and a new issue of 6.51 crore shares, totaling Rs 390.70 crores. The price range for the ESAF Small Finance Bank’s IPO is ₹57 to ₹60 per share. A minimum of 250 shares is required for an application lot size. Retail investors are obliged to invest a minimum of ₹15,000. For both sNII and bNII, the minimum lot size investment is ₹210,000 for 14 lots (3,500 shares) and ₹1,005,000 for 67 lots (16,750 shares).
The IPO for ESAF Small Finance Bank begins on November 3, 2023, and ends on November 7, 2023. On Friday, November 10, 2023, the allocation for the ESAF Small Finance Bank IPO is anticipated to be completed. The tentative listing date for the ESAF Small Finance Bank IPO is Thursday, November 16, 2023, and it will take place on the BSE and NSE.
Up to 2,283,653 shares of the issuance are reserved for employees and are available at a Rs 5 discount from the issue price.
The book running lead managers of the ESAF Small Finance Bank IPO are ICICI Securities Limited, Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), and Nuvama Wealth Management Limited. The registrar for the offering is Link Intime India Private Ltd.
ESAF Small Finance Bank Limited IPO Overview
| ESAF Small Finance Bank Limited Company Overview | |
|---|---|
| Company Name | ESAF Small Finance Bank Limited |
| IPO Opening Date | 03 November, 2023 |
| IPO Closing Date | 07 November, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 57₹ – 60₹ |
| Lot Size | 250 Shares Per Lot |
| GMP | Check Here |
| Issue Type | Book Built Issue |
| Total IPO Issue Size | 77,166,667 Shares |
| Fresh Issue Size | 65,116,6667 Shares |
| IPO Listing At | NSE, BSE |
| Share Holding Pre Issue | 449,473,7998 |
| Share Holding Post Issue | 514,590,465 |
| More IPO’s | Check Here |
ESAF Small Finance Bank Limited IPO Lot Size
Investors may make a minimum offer of 250 shares and an amount greater than that. The minimum and highest investments made by retail investors and HNI in terms of shares and money are shown in the table below.
| ESAF Small Finance Bank Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 13 Lots |
| Minimum S-HNI Applications | 14 Lots |
| Maximum S-HNI Applications | 66 Lots |
| Minimum B-HNI Applications | 67 Lots |
| Total Shares In Single Lot | 250 Shares |
| Amount For Single Lot | ₹1500 |
ESAF Small Finance Bank Limited IPO Time Table (Tentative)
The IPO for ESAF Small Finance Bank Limited starts on October , 2023, and ends on October , 2023.
| ESAF Small Finance Bank Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 03 November, 2023 |
| IPO Ending Date | 07 November, 2023 |
| Basis Of Allotment | 10 November, 2023 |
| Initiation Of Refund | 13 November, 2023 |
| Shares Credit To D-mat Account | 15 November, 2023 |
| Date Of Listing | 16 November, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 07 November, 2023 |
ESAF Small Finance Bank Limited IPO Reservation Details
| ESAF Small Finance Bank Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | 33.97% Of Net Offer |
| Shares Offered To HNI | 29% Of Net Offer |
| Shares Offered To QIB | 19.41% Of Net Offer |
| Shares Offered To Anchor Investor | 29.11% Of Net Offer |
| Shares Offered To Employees | 2.95% Of Net Offer |
ESAF Small Finance Bank Limited Company Financials
| ESAF Small Finance Bank Limited Company Financials Information | |
|---|---|
| This Data Is Of | 30 June, 2023 |
| Total Revenue | 991.78 |
| Assets | 20,795.94 |
| Profit After Tax | 129.96 |
| Net Worth | 1839.09 |
| Reserves And Surplus | 1389.62 |
| Debt | 2739.13 |
| All Amount In ₹Crore | |
ESAF Small Finance Bank Limited Key Performance Indicators
| ESAF Small Finance Bank Limited Key Performance Indicators | |
|---|---|
| KPI | Values |
| Market Capitalization (In Cr.) | 3087.54 |
| P/E (X) | 8.94 |
| EPS | 6.73 |
| RoNW | 17.69% |
Is ESAF Small Finance Bank Limited IPO Contact Details.
| ESAF Small Finance Bank Limited Contact Details | |
|---|---|
| Company Address | Building No. VII/83/8, ESAF Bhavan, Thrissur-Palakkad National Highway, Mannuthy, Thrissur 680 651 |
| Phone | +91 487 7123 907 |
| investor.relations@esafbank.com | |
| Website | https://www.esafbank.com/ |
Is ESAF Small Finance Bank Limited IPO Good Or Bad To Buy?
ESFBL has maintained its south-centric fancy while reporting growth in both its top and bottom lines. Annualized FY24 results suggest that the issue is reasonably priced. The corporation will be able to expand its branches and loosen regulations thanks to this equity float. Investors may think about setting money aside for medium- to long-term gains.
What Is The Future Of ESAF Small Finance Bank Limited Stock?
ESAF is a small finance bank that was founded in 1992 and primarily concentrates on lending money to clients who live in rural and semi-urban areas. Microloans, retail loans, MSME loans, loans to financial institutions, and agricultural loans make up the goods offered by the bank. The Bank will have 700 locations, 743 customer service centers, 20 business correspondents, and 481 business facilitators in its network as of March 2023. There are 581 ATMs operated by the Bank across 21 Indian states.
Through a number of digital channels, including an online banking portal, a mobile banking platform, SMS notifications, bill payments, and ATM/debit cards bearing the RuPay name, the bank provides convenient financial services.
What Is The Objective Of ESAF Small Finance Bank Limited IPO Issue?
It is proposed that the Net Proceeds be used to increase the Bank’s Tier-I capital base in order to meet future capital requirements that are anticipated to result from the expansion of the Bank’s assets, particularly its investment portfolio and loans/advances, as well as to guarantee compliance with regulatory standards on capital adequacy that are periodically prescribed by the RBI.
How To Apply For ESAF Small Finance Bank Limited IPO?
The ESAF Small Finance Bank Limited IPO application form and payment can both be completed online. Through the net banking feature of your bank account, you can access the ASBA IPO application. UPI IPO applications are provided by brokers who do not offer banking services. On this page, you can get more details on how to apply for an IPO online using Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When Is ESAF Small Finance Bank Limited IPO Allotment?
The Allotment Date For ESAF Small Finance Bank Limited IPO Is November 10, 2023.