ESAF Small Finance Bank Limited
Mainboard₹15,000 / 250 Shares
ESAF Small Finance Bank Limited IPO Details
The ESAF Small Finance Bank Limited IPO price band is set between ₹57-60 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 3 Nov, 2023 and closes on 7 Nov, 2023. Investors can check the allotment status on 9 Nov, 2023, while the listing date is tentatively scheduled for 10 Nov, 2023.
The total issue size is Total ₹463 Cr :#Fresh Issue : [.] shares, aggregating up to ₹390.70 Cr. Stay tuned for the latest ESAF Small Finance Bank Limited IPO review and GMP updates.
ESAF Small Finance Bank Limited IPO Review, Rating & Analysis
ESAF Small Finance Bank Limited IPO Review
NO REVIEWESAF Small Finance Bank Limited IPO Rating
ESAF Small Finance Bank Limited IPO Highlights
IPO Date
Nov 3, 2023 - Nov 7, 2023
Listing Date
10 Nov, 2023
Face Value
₹10 Per Equity Share
Price Band
₹57-60 per equity share
Lot Size
250 Shares
Fresh Issue
[.] Shares
Offer for Sale
[.] shares of ₹10
Listing At
BSE, NSE
ESAF Small Finance Bank Limited IPO Lot Size
The minimum market lot for ESAF Small Finance Bank Limited IPO is 250 shares with an application amount of ₹15,000. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹15,000 |
| Retail (Max) | 13 | 3250 | ₹1,95,000 |
| S-HNI (Min) | 14 | 3500 | ₹2,10,000 |
| S-HNI (Max) | 66 | 16500 | ₹9,90,000 |
| B-HNI (Min) | 67 | 16750 | ₹10,05,000 |
ESAF Small Finance Bank Limited IPO Timeline
Issue Price
₹57-60 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
ICICI Securities LimitedDam Capital Advisors Ltd (Formerly Idfc Securities LtdNuvama Wealth Management LimitedIssue Size
Total ₹463 Cr :#Fresh Issue : [.] shares(aggregating up to ₹390.70 Cr) +
#OFS : [.] shares of ₹10(aggregating up to ₹72.30 Cr)
ESAF Small Finance Bank Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 20223.66 | 3141.57 | 302.33 | - | - | - |
| 31 Mar 22 | 17707.56 | 2147.51 | 54.73 | - | - | - |
| 31 Mar 21 | 12338.65 | 1768.42 | 105.40 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Kadambelil Paul Thomas
- ESAF Financial Holdings Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 74.43% | 62.64% |
About 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.
ESAF Small Finance Bank Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
15.45 times
Frequently Asked Questions about ESAF Small Finance Bank Limited IPO
When will ESAF Small Finance Bank Limited IPO open for subscription?
The ESAF Small Finance Bank Limited IPO opens on 3 Nov, 2023 and closes on 7 Nov, 2023.
What is the investors portion for ESAF Small Finance Bank Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for ESAF Small Finance Bank Limited IPO?
You can apply for ESAF Small Finance Bank Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of ESAF Small Finance Bank Limited IPO?
The issue size of ESAF Small Finance Bank Limited IPO is approx ₹Total ₹463 Cr :#Fresh Issue : [.] shares(aggregating up to ₹390.70 Cr) +#OFS : [.] shares of ₹10(aggregating up to ₹72.30 Cr) crores.
What is the price band of ESAF Small Finance Bank Limited IPO?
The price band for ESAF Small Finance Bank Limited IPO is ₹57 to ₹60 per equity share.
What is the lot size of ESAF Small Finance Bank Limited IPO?
The minimum bid (lot size) for ESAF Small Finance Bank Limited IPO is N/A shares with an investment of approx ₹15,000 .
What is the allotment date of ESAF Small Finance Bank Limited IPO?
The allotment date for ESAF Small Finance Bank Limited IPO is 9 Nov, 2023.
What is the listing date of ESAF Small Finance Bank Limited IPO?
The listing date for ESAF Small Finance Bank Limited IPO is expected to be 10 Nov, 2023.
What is the GMP of ESAF Small Finance Bank Limited IPO?
The latest Grey Market Premium (GMP) for ESAF Small Finance Bank Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.