ESAF Bank IPO GMP, Price, Date, Allotment

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Last updated on December 1, 2023

ESAF Bank IPO GMP

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.

ESAF Small Finance Bank IPO

Promoters of ESAF Small Finance Bank – Kadambelil Paul Thomas, and ESAF Financial Holdings Private Limited


ESAF Bank IPO Details

ESAF Small Finance Bank IPO Dates3 – 7 November 2023
ESAF Small Finance Bank IPO PriceINR 57 – 60 per share
(Employee Discount – INR 5 per share)
Fresh issueINR 390.7 crore
Offer For SaleINR 72.3 crore
Total IPO sizeINR 463 crore
Minimum bid (lot size)250 shares (INR 15,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

ESAF Bank Financial Performance

 FY 2021FY 2022FY 2023
Revenue1,641.171,939.932,853.66
Expenses1,663.032,092.782,839.24
Net income105.4054.73302.33
Margin (%)6.422.8210.59
Figures in INR Crores unless specified otherwise

ESAF Bank Offer News


ESAF Bank Valuations & Margins

FY 2021FY 2022FY 2023
EPS2.461.226.71
PE ratio8.49 – 8.94
RONW (%)7.803.8917.69
NAV30.0831.3038.03
ROE (%)8.854.1219.36
EBITDA (%)17.3611.3721.99
Debt/Equity
*Compiled by IPO Central from Prospectus

ESAF Bank IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
9 November 202320
8 November 202320
7 November 202320
6 November 202320
4 November 202320
3 November 202318
2 November 202312

ESAF Bank IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeeTotal
Shares Offered1,58,07,0171,18,55,2642,76,62,28124,03,8465,77,28,408
7 Nov 2023173.5284.3616.954.3673.14
6 Nov 20231.0420.187.912.408.32
3 Nov 20230.902.441.991.011.74

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 Date3 November 2023
ESAF Bank IPO Closing Date7 November 2023
Finalization of Basis of Allotment9 November 2023
Initiation of refunds9 November 2023
Transfer of shares to demat accounts9 November 2023
ESAF Bank IPO Listing Date10 November 2023
Opening Price on NSEINR 71 per share (up 18.33%)
Closing Price on NSEINR 69.05 per share (up 15.08%)

ESAF Bank IPO Reviews – Subscribe or Avoid?

Angel One –
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Hem Securities – Subscribe for long term
ICICIdirect –
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Reliance Securities –
Religare Broking –
Samco Securities – Subscribe
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Not Rated


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[email protected]
Website: 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: +91 022 4918 6060
Email: [email protected]
Website: 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: +91 487 7123 907
Email: [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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