₹ 15000 / 250 shares

IPO Details


Issue Date


Min Investments

₹ 15000

Issue Price

57 - 60

Lot Size


IPO Size

₹ 464.14 Cr

IPO Listing Details

Listing On

10 Nov'23

Issue Price

57 - 60

Listed Price

₹ 71

Retail Gain/Listing Gain


Watch and Learn
All you need to know about ESAF Small Finance Bank IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, service portfolio, and much more with Kinjal Parekh!

ESAF Small Finance Bank Limited is a small finance bank with a focus on unbanked and under-banked customer segments, especially in rural and semi-urban centres.

Their key offerings include advances (asset products) and deposits (liability products). The advances include Micro Loans, consisting of Microfinance Loans and Other Micro Loans, retail loans covering gold loans, mortgages, personal loans, vehicle loans, MSME loans, loans to financial institutions, and agricultural loans. On the liability side, their products include current accounts, savings accounts, term deposits, and recurring deposits.

The company has a network of 700 banking outlets (including 59 business correspondent-operated banking outlets), 767 customer service centres, 22 business correspondents, 2,116 banking agents, 525 business facilitators and 559 ATMs spread across 21 states and 2 union territories, serving 7.15 million customers as at June 30, 2023.

With that, let's take a look at the competitive strengths and risk factors for ESAF Small Finance Bank Limited:

Robust industry knowledge, enabling growth
Read More
Focussed on rural and semi-urban banking franchises
Read More
Growing Retail Deposits portfolio
Read More
  • Any adverse change in the economy of South India could have an adverse effect on financial conditions.
  • The company could be subject to various sanctions and penalties by the Reserve Bank of India (RBI) for failing to comply with the requirement to list the Equity Shares on a stock exchange in India before July 31, 2021.
  • The company is currently in non-compliance with certain major observations of the RBI, which are in the process of being rectified.
  • Penetrate deeper into existing geographies.
  • Increase deposits and in particular, retail deposits.
  • Continue to grow micro loans while increasing other categories of advances, both in absolute terms and as a percentage of the total AUM.

Here are the key financials for ESAF Small Finance Bank Limited.

Particulars (in Rs. million)

What are you looking for?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in ESAF Small Finance Bank Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

00m 59s

ESAF Small Finance Bank Limited FAQs

The ESAF Small Finance Bank Limited IPO has an issue size of Rs. 463 crores. The IPO opens for subscription on 3rd November and closes on 7th November 2023.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about ESAF Small Finance Bank Limited and its IPO from the company’s red herring prospectus (RHP) here:

Open Demat Account to Invest in any IPO
+91 -