IPO

ESAF Small Finance Bank Limited IPO

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Other Bank

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

₹ 15000 /250 Shares

Check Allotment

03 Nov, 2023

Open Date

07 Nov, 2023

Close Date

09 Nov, 2023

Allotment Date

10 Nov, 2023

Listing Date
Price Summary

Last Closing

26.00 (-56.67%)

52 Week High

42.99

52 Week Low

24.31

Last Update

19-Dec-2025 3:30 PM
ESAF Small Finance Bank Limited IPO Issue Details
  • Issue Price ₹57-60 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total ₹463 Cr :
    #Fresh Issue : [.] shares(aggregating up to ₹390.70 Cr) +
    #OFS : [.] shares of ₹10(aggregating up to ₹72.30 Cr)
  • Listing at BSE, NSE
  • List Price 71.0(NSE)
  • Listing Date 2023-11-10
  • Lead Manager ICICI Securities Limited
    Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd
    Nuvama Wealth Management Limited
  • Registrar Link Intime India Private Ltd
ESAF Small Finance Bank Limited IPO Details
  • 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)
ESAF Small Finance Bank Limited IPO Documents
DRHP
RHP
ANCHOR
ESAF Small Finance Bank Limited IPO Details


The IPO of ESAF Small Finance Bank Limited is priced at ₹57-60 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 3, 2023 and ends on Nov 7, 2023. The allotment for ESAF Small Finance Bank Limited IPO will be finalized on Nov 9, 2023. ESAF Small Finance Bank Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 10, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd, Nuvama Wealth Management Limited.


The ESAF Small Finance Bank Limited IPO sets its price band at 57-60 for each share. A single application for ESAF Small Finance Bank Limited IPO must contain at least 250 shares.

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ESAF Small Finance Bank Limited IPO Subscription Analysis And Details
Retail
16.97x
QIB
173.52x
NII
84.37x
bNII
91.68x
sNII
69.74x
Total
73.15x
As on QIB NII
bNII   sNII 		Retail Employee Total
Shares Offered / Reserved 15,016,669 11,262,500
7,508,333    3,754,167 		26,279,167 2,283,653 77,366,987
Day 1 03-11-23 05:00 PM
0.90 x 2.44
2.00 x   3.31 x 		1.99 x 1.01 x 1.74 x
Day 2 06-11-23 05:00 PM
1.04 x 20.17
19.07 x   22.39 x 		7.90 x 2.40 x 8.31 x
Day 3 07-11-23 05:00 PM
173.52 x 84.37
91.68 x   69.74 x 		16.97 x 4.36 x 73.15 x
Total No of Applications
16,23,614
Subscription on the basis of Applications
15.45
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
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 20,223.66 17,707.56 12,338.65
Revenue 3,141.57 2,147.51 1,768.42
Profit After Tax 302.33 54.73 105.40
About ESAF Small Finance Bank Limited 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.

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ESAF Small Finance Bank Limited - Promoter(s)

Kadambelil Paul Thomas

ESAF Financial Holdings Private Limited

Pre Issue Share Holding : 74.43%

Post Issue Share Holding : 62.64%

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 - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
ESAF SFB 1.47 8.94 17.69% 3,141
CreditAccess Grameen 4.49 21.6 17.8% 3,487
Spandana Sphoorty 1.93 15.5 0.41% 1,329
Ujjivan SFB 2.57 8.26 31.4% 4,165
Bandhan bank Ltd 1.78 13.7 11.9% 15,905
Equitas SFB 2.00 13.9 12.2% 4,162
Suryoday SFB 1.04 14.0 5.03% 1,184