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IPO Status: Listed [3rd Nov 2023 to 7th Nov 2023]
ESAF Small Finance Bank Limited is bringing its Mainboard IPO to the BSE and NSE Exchange. The total issue size is Rs 463.00 Cr including both the Fresh issue worth Rs 390.07 Cr and the OFS issue worth Rs 72.3 Cr. The subscription of this IPO is opening from 3 Nov to 7 Nov 2023. The face value of each share is Rs 10. To apply for this IPO you have to buy at least one lot of 250 shares or its multiple at the described price band of Rs 57 to Rs 60 for each share.
Keep visiting our site to get the latest details of ESAF Small Finance Bank Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 3rd Nov 2023 |
| IPO Issue Closing Date: | 7th Nov 2023 |
| IPO Issue Price: | ₹57.00-60.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹463.00 Cr |
| Offer for Sale: | ₹72.30 Cr |
| Fresh Issue: | ₹390.70 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:5.00 |
| Promoter Holding Pre IPO: | 74.43% |
| Promoter Holding Post IPO: | 59.74% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544020 |
| NSE Code: | ESAFSFB |
Get important updates regarding ESAF Small Finance Bank IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Nov 2023 |
| Refunds Initiation* | 13th Nov 2023 |
| Credit of Shares to Demat* | 15th Nov 2023 |
| IPO Listing Date* | 10th Nov 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹57.00-60.00 |
| Market Lot: | 250 Shares |
| 1 Lot Amount: | ₹15000 |
| Min Small HNI Lots(2-10 Lakh): | 3500 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 16750 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 10-11-2023 | 60.00 | 16 | 3000/42000 | ₹76 (26.67%) | 10-Nov-2023 9:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
ESAF Small Finance Bank Limited was established in 2016. It is a small finance bank that focuses on unbanked customers, especially in rural and semi-urban areas. The promoters have over 27 years of experience in serving unbanked and underserved clients with a focus on financial inclusion. As a Small Finance Bank, they are required to lend at least 75.00% of their adjusted net loan volume to the priority sector. Their business model is based on the principles of responsible banking and provides customer-centric products and services through the innovative use of technology.
They pursue a social business strategy that strives for a triple bottom line: People, Planet and Prosperity. They believe that the social, environmental and economic outcomes of their operations create synergies that impact their stakeholders.Â
The company has an extensive network of 700 banking offices (including 59 banking offices operated by business correspondents), 743 customer service centres (operated by their business correspondents), 20 business correspondents, 2,023 banking agents, 481 business brokers, and 528 ATMs in 21 states and two union territories, serving 6.83 million customers by March 31, 2023.
The company relies heavily on the use of technology to deliver products and services and continually works to improve its customers’ experience through the use of technology. The bank achieved a technology milestone with the successful implementation of electronic signature for microloan disbursement. It has a digitised, centralised loan processing centre for its microloans. The processing process for its microloans has been largely digitised. The bank uses credit assessment and origination technologies for its loan products based on credit reporting data and/or customer data analytics.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Financial Service | ₹463.00 Cr | https://www.esafbank.com/ |
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.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 15,016,669 (27.38%) | 11,262,500 (20.54%) | 26,279,167 (47.92%) | 2,283,653 | 54,841,989 | |
| 1 | 3rd Nov 2023 19:04 | 0.95x | 2.58x | 2.12x | 1.09x | 1.85x |
| 2 | 6th Nov 2023 19:04 | 1.09x | 21.27x | 8.37x | 2.54x | 8.79x |
| 3 | 7th Nov 2023 19:04 | 182.66x | 88.81x | 17.86x | 4.59x | 77.00x |
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 Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,795.94 | 20,223.66 | 17,707.56 | 12,338.65 |
| Revenue | 991.78 | 3,141.57 | 2,147.51 | 1,768.42 |
| Profit After Tax | 129.96 | 302.33 | 54.73 | 105.40 |
| Net Worth | 1,839.09 | 1,709.13 | 1,406.80 | 1,352.06 |
| Reserves and Surplus | 1,389.62 | 1,259.66 | 957.32 | 902.59 |
| Total Borrowing | 2,739.13 | 3,354.20 | 2,952.83 | 1,694.00 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| ESAF Small Finance Bank Limited | 6.73 | 6.73 | 38.03 | 17.69 | Consolidated | |
| Suryoday Small Finance Bank Limited | 7.32 | 7.32 | 149.28 | 22.12 | 4.9 | Consolidated |
| CreditAccess Grameen Limited | 52.04 | 51.82 | 326.89 | 26.81 | 16.18 | Consolidated |
| Spandana Sphoorty Financial Limited | 1.74 | 1.74 | 436.58 | 471.38 | 0.4 | Consolidated |
| Bandhan Bank Limited | 13.62 | 13.62 | 121.58 | 16.55 | 11.21 | Consolidated |
| Ujjivan Small Finance Bank Limited | 5.88 | 5.87 | 21.27 | 9.81 | 26.45 | Consolidated |
| Equitas Small Finance Bank Limited | 4.71 | 4.67 | 46.44 | 21.51 | 11.12 | Consolidated |
Last Updated on 14-Nov-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase ESAF Small Finance Bank IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply ESAF Small Finance Bank IPO with Zerodha.
Alternate approch to apply in ESAF Small Finance Bank IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
ESAF Small Finance Bank IPO Review and Important Updates
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To subscribe or apply in ESAF Small Finance Bank IPO, you can use the following methods:
| ESAF Small Finance Bank IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in ESAF Small Finance Bank IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in ESAF Small Finance Bank IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in ESAF Small Finance Bank IPO. Most of the Syndicate Banks provide access to apply in ESAF Small Finance Bank IPO via ASBA process. You must have your net banking access, DP ID information to apply in ESAF Small Finance Bank IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in ESAF Small Finance Bank IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
ESAF Small Finance Bank IPO Review and Important Updates
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Applying in ESAF Small Finance Bank IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download ESAF Small Finance Bank IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply ESAF Small Finance Bank IPO, please refer article >> Link
ESAF Small Finance Bank IPO Review and Important Updates
Steps to download the online application form for ESAF Small Finance Bank IPO
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ESAF Small Finance Bank IPO is going to be list on 10-11-2023. NSE Code for ESAF Small Finance Bank is ESAFSFB. BSE Code for ESAF Small Finance Bank is 544020.
Other relevant questions:
When ESAF Small Finance Bank IPO will be listing? ESAF Small Finance Bank IPO NSE listing date?ESAF Small Finance Bank IPO date of listing.ESAF Small Finance Bank IPO BSE listing date?
ESAF Small Finance Bank IPO Allotment Date is 10-11-2023.
Other relevant questions:
ESAF Small Finance Bank IPO share allotment date?ESAF Small Finance Bank IPO allotment date?
