Last updated on December 1, 2023
ESAF Bank IPO Description – ESAF Bank’s focus is on providing loans to customers in rural and semi-urban areas. As of 31 March 2023, its gross advances to the customers in rural and semi-urban areas (combined) accounted for 62.84% of gross advances, and 71.71% of the banking outlets were located in rural and semi-urban areas (combined).
ESAF Small Finance Bank asset products comprise (a) Micro Loans, which comprise Microfinance Loans and Other Micro Loans; (b) retail loans, which include gold loans, mortgages, personal loans, and vehicle loans; (c) MSME loans; (d) loans to financial institutions; and (e) agricultural loans.
ESAF Bank liability products comprise current accounts, savings accounts, term deposits, and recurring deposits. As of 31 March 2023, it had 6.48 million deposit accounts. ESAF Bank has an extensive network of 700 banking outlets (including 59 business correspondent-operated banking outlets), 743 customer service, 20 business correspondents, 2,023 banking agents, 481 business facilitators, and 528 ATMs spread across 21 states and two union territories, serving 6.83 million customers as at 31 March 2023.
The AUM grew from INR 8,425.93 crore to INR 16,331.27 crore as of 31 March 2021 and 2023, respectively, registering a CAGR of 39.22%, which was the highest CAGR among its peers.
Promoters of ESAF Small Finance Bank – Kadambelil Paul Thomas, and ESAF Financial Holdings Private Limited
ESAF Bank IPO Details
| ESAF Small Finance Bank IPO Dates | 3 – 7 November 2023 |
| ESAF Small Finance Bank IPO Price | INR 57 – 60 per share (Employee Discount – INR 5 per share) |
| Fresh issue | INR 390.7 crore |
| Offer For Sale | INR 72.3 crore |
| Total IPO size | INR 463 crore |
| Minimum bid (lot size) | 250 shares (INR 15,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
ESAF Bank Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 1,641.17 | 1,939.93 | 2,853.66 |
| Expenses | 1,663.03 | 2,092.78 | 2,839.24 |
| Net income | 105.40 | 54.73 | 302.33 |
| Margin (%) | 6.42 | 2.82 | 10.59 |
ESAF Bank Offer News
- ESAF Small Finance Bank RHP
- ESAF Small Finance Bank DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
ESAF Bank Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.46 | 1.22 | 6.71 |
| PE ratio | – | – | 8.49 – 8.94 |
| RONW (%) | 7.80 | 3.89 | 17.69 |
| NAV | 30.08 | 31.30 | 38.03 |
| ROE (%) | 8.85 | 4.12 | 19.36 |
| EBITDA (%) | 17.36 | 11.37 | 21.99 |
| Debt/Equity | – | – | – |
ESAF Bank IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 9 November 2023 | 20 | – | – |
| 8 November 2023 | 20 | – | – |
| 7 November 2023 | 20 | – | – |
| 6 November 2023 | 20 | – | – |
| 4 November 2023 | 20 | – | – |
| 3 November 2023 | 18 | – | – |
| 2 November 2023 | 12 | – | – |
ESAF Bank IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 1,58,07,017 | 1,18,55,264 | 2,76,62,281 | 24,03,846 | 5,77,28,408 |
| 7 Nov 2023 | 173.52 | 84.36 | 16.95 | 4.36 | 73.14 |
| 6 Nov 2023 | 1.04 | 20.18 | 7.91 | 2.40 | 8.32 |
| 3 Nov 2023 | 0.90 | 2.44 | 1.99 | 1.01 | 1.74 |
ESAF Bank IPO Allotment Status
ESAF Bank IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
ESAF Bank IPO Dates & Listing Performance
| ESAF Bank IPO Opening Date | 3 November 2023 |
| ESAF Bank IPO Closing Date | 7 November 2023 |
| Finalization of Basis of Allotment | 9 November 2023 |
| Initiation of refunds | 9 November 2023 |
| Transfer of shares to demat accounts | 9 November 2023 |
| ESAF Bank IPO Listing Date | 10 November 2023 |
| Opening Price on NSE | INR 71 per share (up 18.33%) |
| Closing Price on NSE | INR 69.05 per share (up 15.08%) |
ESAF Bank IPO Reviews – Subscribe or Avoid?
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ESAF Small Finance Bank Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
ESAF Small Finance Bank Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 022 4918 6060
Email:Â [email protected]
Website:Â www.linkintime.co.in
ESAF Bank Contact Details
ESAF SMALL FINANCE BANK LIMITED
Building No. VII/83/8, ESAF Bhavan,
Thrissur-Palakkad National Highway,
Mannuthy, Thrissur 680 651, Kerala
Phone:Â +91 487 7123 907
Email:Â [email protected]
Website: www.esafbank.com
ESAF Bank IPO FAQs
How many shares in ESAF Small Finance Bank IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in ESAF Bank Public Offer?
The best way to apply in ESAF Bank public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is ESAF Bank IPO GMP today?
ESAF Bank IPO GMP today is INR 20 per share.
What is ESAF Bank kostak rate today?
ESAF Bank kostak rate today is INR NA per application.
What is ESAF Bank Subject to Sauda rate today?
ESAF Bank Subject to Sauda rate today is INR NA per application.
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