ESAF Small Finance Bank (MAINBOARD)
November 3, 2023 – November 7, 2023
| Price | ₹57 - ₹60 |
| Premium | ₹14 |
|---|---|
| Lot size | 250 |
| Allotment | Nov 9, 2023 |
| Listing | Nov 10, 2023 |
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Shareholding Pattern
Subscription
Last Updated as on 07-Nov-2023 19:00:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1,50,16,666 | 2,74,28,94,000 | 182.66 |
| HNIs | 1,12,62,501 | 1,00,02,30,750 | 88.81 |
| HNIs (10+L) | 75,08,334 | 72,46,27,750 | 96.51 |
| HNIs (2-10L) | 37,54,167 | 27,56,03,000 | 73.41 |
| Retail | 2,62,79,167 | 46,94,00,000 | 17.86 |
| Employees | 22,83,654 | 1,04,82,750 | 4.59 |
| Total | 5,48,41,988 | 4,22,30,07,500 | 77 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 250 | 15000 | 104852 |
| sHNI | 14 | 3500 | 210000 | 1070 |
| bHNI | 67 | 16750 | 1005000 | 2140 |
Incorporated in 1992, 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.
The core strength of the bank lies in the following:-
- In-depth knowledge of the Microloan segment helped ESAF to grow outside Kerela
- Strong presence in rural and semi-urban areas.
- Strong customer relationships driven by Bank's customer-centric products.
- Digital Technology platform for convenience banking
ESAF Small Finance Bank IPO Details
| Issue Size | ₹463 Cr |
| Fresh Issue | [.] shares (aggregating up to ₹390.7 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹72.3 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 449,473,798 |
ESAF Small Finance Bank IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
ESAF Small Finance Bank Limited Financial Information (Restated)
ESAF Small Finance Bank Limited's revenue increased by 46.29% and profit after tax (PAT) rose by 452.39% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 20,223.66 | 17,707.56 | 12,338.65 |
| Revenue | 3,141.57 | 2,147.51 | 1,768.42 |
| Profit | 302.33 | 54.73 | 105.40 |
| Net Worth | 1,709.13 | 1,406.80 | 1,352.06 |
| Reserves | 1,259.66 | 957.32 | 902.59 |
| Borrowing | 3,354.20 | 2,952.83 | 1,694.00 |
| Amount in ₹ Crore | |||
Strength
Weakness
Latest Announcements
| Date | Subject | Attachment Text |
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Financial Results
Lead Manager(s)
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: investor.relations@esafbank.com
Website: https://www.esafbank.com/