{"id":5193,"date":"2023-10-31T13:43:51","date_gmt":"2023-10-31T08:13:51","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5193"},"modified":"2023-11-02T11:48:20","modified_gmt":"2023-11-02T06:18:20","slug":"esaf-small-finance-bank-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/esaf-small-finance-bank-ipo\/","title":{"rendered":"ESAF Small Finance Bank IPO Details - Complete Overview of ESAF Small Finance Bank Limited IPO"},"content":{"rendered":"\n

ESAF Small Finance Bank IPO Price: <\/strong>\u20b957 - \u20b960
IPO Date Range:<\/strong> Nov 3, 2023 - Nov 7, 2023<\/p>\n\n\n\n

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\n
\"ESAF<\/figure>\n<\/div>\n\n\n\n
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Foundation & Business Essence:<\/h2>\n\n\n\n

ESAF Small Finance Bank is an Indian small finance institution headquartered in Thrissur, Kerala. It began as an NGO in 1992 under the name Evangelical Social Action Forum, evolved into a licensed NBFC-MFI by the Reserve Bank of India, and transitioned into a small finance bank in March 2017, offering banking services and small loans to the underbanked.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio:<\/h2>\n\n\n\n

ESAF Small Finance Bank offers a range of financial products, including:<\/p>\n\n\n\n

    \n
  1. Micro Loans<\/li>\n\n\n\n
  2. Retail Loans<\/li>\n\n\n\n
  3. MSME Loans<\/li>\n\n\n\n
  4. Loans to Financial Institutions<\/li>\n\n\n\n
  5. Agricultural Loans<\/li>\n<\/ol>\n\n\n\n

    Network and Presence:<\/h2>\n\n\n\n

    As of March 2023, the bank boasts an extensive presence with 700 outlets, 743 customer service centers, 20 business correspondents, and 481 business facilitators. Additionally, the bank operates 581 ATMs spanning across 21 states in India.<\/p>\n\n\n\n

    Strengths:<\/h2>\n\n\n\n

    The bank's fundamental strengths encompass the following key aspects:<\/p>\n\n\n\n

      \n
    1. Extensive expertise in the microloan sector that enabled ESAF to expand beyond Kerala.<\/li>\n\n\n\n
    2. Robust market presence in rural and semi-urban regions.<\/li>\n\n\n\n
    3. Vigorous customer relationships fostered by the bank's customer-centric product offerings.<\/li>\n\n\n\n
    4. A cutting-edge digital technology platform for seamless and convenient banking services.<\/li>\n<\/ol>\n\n\n\n

      Bidding Starts In<\/h2>\n\n\n\n
      -<\/div>
      DAYS<\/div><\/div>
      -<\/div>
      HOURS<\/div><\/div>
      -<\/div>
      MINUTES<\/div><\/div>
      -<\/div>
      SECONDS<\/div><\/div><\/div>\n\n\n\n
      APPLY NOW<\/span><\/path><\/svg>

      Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

      ESAF Small Finance Bank IPO Specifics:<\/h2>\n\n\n\n
      IPO Date<\/td>November 3, 2023 to November 7, 2023<\/td><\/tr>
      Listing Date<\/td>Thursday, November 16, 2023<\/td><\/tr>
      Face Value<\/td>\u20b910 per share<\/td><\/tr>
      Price Band<\/td>\u20b957 to \u20b960 per share<\/td><\/tr>
      Lot Size<\/td>250 shares<\/td><\/tr>
      Total Issue Size<\/td>77,166,667 shares
      (aggregating up to \u20b9463 Cr)<\/td><\/tr>
      Fresh Issue<\/td>65,166,667 shares
      (aggregating up to \u20b9390.70 Cr)<\/td><\/tr>
      Offer For Sale<\/td>12,050,000 shares
      (aggregating up to \u20b9 72.30Cr)<\/td><\/tr>
      Employee Discount<\/td>\u20b95 per share<\/td><\/tr>
      Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
      Listing At<\/td>BSE, NSE<\/td><\/tr>
      Share holding pre issue<\/td>449,473,798<\/td><\/tr>
      Share holding post issue<\/td>514,590,465<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      ESAF Small Finance Bank IPO Lot Size<\/h2>\n\n\n\n

      The minimum lot size to apply in this ESAF Small Finance Bank Limited <\/strong>IPO consists of 250 shares, requiring an investment of \u20b915,000.<\/p>\n\n\n\n

      Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
      Retail (Min)<\/td>1<\/td>250<\/td>\u20b9 15,000<\/td><\/tr>
      Retail (Max)<\/td>13<\/td>3,250<\/td>\u20b9 1,95,000<\/td><\/tr>
      S-HNI (Min)<\/td>14<\/td>3,500<\/td>\u20b9 2,10,000<\/td><\/tr>
      S-HNI (Max)<\/td>66<\/td>16,500<\/td>\u20b9 9,90,000<\/td><\/tr>
      B-HNI (Min)<\/td>67<\/td>16,750<\/td>\u20b9 10,05,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      ESAF Small Finance Bank IPO Reservation<\/h2>\n\n\n\n
      QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
      Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
      NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      ESAF Small Finance Bank IPO Timetable (Important Dates)<\/h2>\n\n\n\n
      IPO Open Date<\/td>Friday, November 3, 2023<\/td><\/tr>
      IPO Close Date<\/td>Tuesday, November 7, 2023<\/td><\/tr>
      Basis of Allotment<\/td>Friday, November 10, 2023<\/td><\/tr>
      Initiation of Refunds<\/td>Monday, November 13, 2023<\/td><\/tr>
      Credit of Shares to Demat<\/td>Wednesday, November 15, 2023<\/td><\/tr>
      Listing Date<\/td>Thursday, November 16, 2023<\/td><\/tr>
      Cut-off time for UPI mandate confirmation<\/td>5 PM on November 7, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Don't Miss Out!<\/h2>
      <\/div>

      Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

      \n
      APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

      ESAF Small Finance Bank Limited IPO Financial Information<\/h2>\n\n\n\n

      ESAF Small Finance Bank Limited saw a substantial growth in revenue, surging by 46.29%, and an impressive 452.39% increase in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022.<\/p>\n\n\n\n

      Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 June 2023<\/th><\/tr><\/thead>
      Assets<\/td>12338.65<\/td>17707.56<\/td>20223.66<\/td>20795.94<\/td><\/tr>
      Revenue<\/td>1768.42<\/td>2147.51<\/td>3141.57<\/td>991.78<\/td><\/tr>
      Profit After Tax<\/td>105.40<\/td>54.73<\/td>302.33<\/td>129.96<\/td><\/tr>
      Net Worth<\/td>1352.06<\/td>1406.80<\/td>1709.13<\/td>1839.09<\/td><\/tr>
      Reserves & Surplus<\/td>902.59<\/td>957.32<\/td>1259.66<\/td>1389.62<\/td><\/tr>
      Total Borrowing<\/td>1694.00<\/td>2952.83<\/td>3354.20<\/td>2739.13<\/td><\/tr><\/tbody><\/table>
      Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

      Key Performance Indicator - ESAF Small Finance Bank IPO<\/h2>\n\n\n\n
      KPI<\/th>Values<\/th><\/tr><\/thead>
      P\/E (x)<\/td>\u20b9 8.94 <\/td><\/tr>
      Market Cap ( \u20b9 Cr)<\/td>3087.54<\/td><\/tr>
      EPS (Rs)<\/td>6.73<\/td><\/tr>
      RoNW<\/td>17.69%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Objects of the Issue:<\/strong><\/h2>\n\n\n\n

      The Net Proceeds are intended to bolster the Bank's Tier-I capital base, addressing future capital needs anticipated due to the Bank's expanding assets, particularly in the form of loans and investments. This will ensure adherence to regulatory capital adequacy requirements set forth by the RBI.<\/p>\n\n\n\n

      In addition, listing the Equity Shares on the Stock Exchanges is expected to bring about advantageous outcomes for the Bank.<\/p>\n\n\n\n

      Prospectus Links:<\/strong><\/h2>\n\n\n\n

      Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. ESAF Small Finance Bank IPO DRHP<\/a> and ESAF Small Finance Bank IPO RHP<\/a>.<\/p>\n\n\n\n

      Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
      <\/div><\/div>\n\n\n
      \n
      \n
      \n

      What is an IPO?<\/h3>\n
      \n\n

      An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      Why do companies go public with an IPO?<\/h3>\n
      \n\n

      Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      What is the price range for the \"ESAF Small Finance Bank Limited\" IPO?<\/h3>\n
      \n\n

      The price range for the\"ESAF Small Finance Bank Limited\" IPO is \u20b957 to \u20b960 per share.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      When will the \"ESAF Small Finance Bank Limited\" IPO be listed on the stock exchange?<\/h3>\n
      \n\n

      The \"ESAF Small Finance Bank Limited\" IPO is expected to be listed on Thursday, November 16, 2023.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      How to apply for an IPO with Lakshmishree?<\/h3>\n
      \n\n

      To apply for an IPO with Lakshmishree:
      Go to www.lakshmishree.com\/ipo
      Select the desired IPO and fill in the required details.
      Confirm your application and make the payment.
      Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

      \n

      How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
      \n\n

      Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

      ESAF Small Finance Bank IPO Price: \u20b957 - \u20b960IPO Date Range: Nov 3, 2023 - Nov 7, 2023 Foundation & Business Essence: ESAF Small Finance Bank is an Indian small finance institution headquartered in Thrissur, Kerala. It began as an NGO in 1992 under the name Evangelical Social Action Forum, evolved into a licensed NBFC-MFI […]<\/p>\n","protected":false},"author":1,"featured_media":5199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5193"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5193\/revisions"}],"predecessor-version":[{"id":5221,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5193\/revisions\/5221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5199"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}