₹ 15000 / 250 shares
IPO Details
RHP/DRHPIssue Date
--
Investment/lot
₹ 15000
Price Range
57 - 60
Lot Size
250
IPO Size
₹ 464.14 Cr
IPO Listing Details
Listing On
10 Nov'23
Issue Price
60
Listed Price
₹ 71
Retail Gain/Listing Gain
▲18.33%
IPO Timeline
ESAF Small Finance Bank IPO Review | Issue Details, Financials and More
Kotak Securities
•3m 27s
Company Background
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:
Risk Factors
- 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.
Key Strategies
- 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.
Key Financials
Here are the key financials for ESAF Small Finance Bank Limited.
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59s
How to apply for an IPO using UPI
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•01m 19s
ESAF Small Finance Bank Ltd IPO FAQs
When is ESAF Small Finance Bank Ltd IPO listing date?
ESAF Small Finance Bank Ltd will list on 2023-11-10.
What is the issue size of ESAF Small Finance Bank Ltd IPO?
464.14 is the issue size of ESAF Small Finance Bank Ltd IPO.
What is the minimum lot size required for ESAF Small Finance Bank Ltd IPO?
The minimum lot size is 250 shares and the investment required is ₹15000.
What is the price band of the ESAF Small Finance Bank Ltd IPO?
The price band of ESAF Small Finance Bank Ltd IPO is ₹57 to ₹60.
Where can I read more about ESAF Small Finance Bank Ltd business?
You can read more about ESAF Small Finance Bank Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the ESAF Small Finance Bank Limited IPO?
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.
Who is the Registrar for ESAF Small Finance Bank Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about ESAF Small Finance Bank Limited’s business?
You may read more about ESAF Small Finance Bank Limited and its IPO from the company’s red herring prospectus (RHP) here:
