ESAF Small Finance Bank Ltd IPO

ESAF Small Finance Bank Ltd IPO

Banks

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Bidding period

03 Nov 2023 - 07 Nov 2023

Bid price

₹60.00 - ₹60.00

Listing on

BSE, NSE

Listing date

10 Nov 2023

Lot size

250 shares

Issue size

₹463.00 crore


Minimum investment

₹15,000.00 / 1 lot

Maximum investment

₹1,95,000.00 / 13 lot

Bidding closed on 07 Nov 2023

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ESAF Small Finance Bank Ltd IPO dates

IPO opening date

03 Nov 2023

IPO end date

07 Nov 2023

Allotment date

08 Nov 2023

Initiation of refunds

08 Nov 2023

Credit of shares to demat

09 Nov 2023

IPO listing date

10 Nov 2023

ESAF Small Finance Bank Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹26,086.88
Total liabilities ₹26,086.88
Total expenditure ₹3,689.83
Total revenue ₹4,260.25
Profit after tax ₹425.57
EBITDA ₹2,070.15
Adjusted EBITDA ₹0.00

ESAF Small Finance Bank Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 69.4 60.6
Public group 30.6 39.4

ESAF Small Finance Bank Ltd strengths and risks

Information currently unavailable

  • Its understanding of the micro loan segment, which has enabled the bank to grow its business outside of Kerala, its home state.

  • Strong rural and semi-urban banking franchise.

  • Fast-growing Retail Deposit portfolio with low concentration risk.

  • Strong customer connections driven by its customer centric products and processes and other non-financial services for Micro Loan customers.

  • Technology-driven model with an advanced digital technology platform.

  • Experienced Board and Key Management Personnel.

  • Its business is significantly dependent on Micro Loans and any adverse developments in the microfinance sector could adversely affect its business, financial condition, results of operations and cash flows.

  • A majority of the Bank advances are unsecured. If its unable to recover such advances in a timely manner or at all, the financial condition, results of operations and cash flows may be adversely affected.

  • The Bank incur significant operating expenses and any increase in these operating expenses without a corresponding increase in its Net Interest Income and other income combined will adversely affect the Bank financial condition, results of operations and cash flows.

  • The Bank could be subject to various sanctions and penalties by the RBI for failing to comply with the requirement to list the Equity Shares on a stock exchange in India before July 31, 2021.

  • Its business correspondents (which includes ESMACO, a Promoter Group and Group Entity, and Lahanti, a Group Entity) have sourced the majority of its advances. All of the Bank Business correspondents work for it on a nonexclusive basis. If any of its business correspondents and in particular ESMACO prefer to promote the competitors' loans over the Bank loans or the agreements between us and them are terminated or not renewed, it would adversely affect its business, financial condition, results of operations and cash flows.

  • The Bank is in non-compliance with certain Risk Based Supervision ("RBS") Tranche III requirements and if the RBI imposes penalties on it for this non-compliance, it could adversely affect its reputation, business, financial condition, results of operations and cash flows.

  • The Bank is subject to inspections by various regulatory authorities, including by the RBI, PFRDA, IRDA and National Pension System Trust. Inspection by the RBI is a regular exercise for all banks and financial institutions. Regulators and external auditors appointed by a regulator have observed various non-compliances by it in the past and have required it to, among other things, take corrective actions and pay compensation. Non-compliance with the observations of such regulators could adversely affect its business, financial condition, results of operations and cash flows.

  • The Bank is subject to stringent regulatory requirements and prudential norms. If its unable to comply with such laws, regulations and norms it may have an adverse effect on the Bank business, financial condition, results of operations and cash flows.

  • If the Bank is unable to control the level of gross NPAs in its portfolio effectively or if its unable to improve the Bank Provisioning Coverage Ratio, its business, financial condition, results of operations and cash flows could be adversely affected.

  • The Bank non-convertible debentures are listed on the BSE and its subject to rules and regulations with respect to such listed non-convertible debentures. If the Bank fail to comply with such rules and regulations, its may be subject to certain penal actions, which may have an adverse effect on the business, results of operations, financial condition and cash flows.

How to check the allotment status of the ESAF Small Finance Bank Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘ESAF Small Finance Bank Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘ESAF Small Finance Bank Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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ESAF Small Finance Bank Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 022 4918 6060
E-mail ID esaf.ipo@linkintime.co.in
Website www.linkintime.co.in

ESAF Small Finance Bank Ltd IPO reservation

QIB shares offered

1,50,16,667 (19.46%)

NII (HNI) shares offered

1,12,62,500 (14.6%)

Retail shares offered

2,62,79,168 (34.06%)

Anchor investor shares offered

2,25,25,000 (29.19%)

Total shares offered

7,71,66,664

Total shares with anchor investor

7,71,66,664

ESAF Small Finance Bank Ltd IPO lead manager

  • ICICI Securities Ltd
  • DAM Capital Advisors Ltd
  • Nuvama Wealth Management Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the ESAF Small Finance Bank Ltd IPO?

The listing date for the ESAF Small Finance Bank Ltd IPO is 10 Nov 2023.

What is the issue size of ESAF Small Finance Bank Ltd IPO?

The issue size of the ESAF Small Finance Bank Ltd IPO is ₹463.00 cr.

What is the minimum lot size needed for ESAF Small Finance Bank Ltd IPO?

The minimum lot size for ESAF Small Finance Bank Ltd IPO is 250

When does the ESAF Small Finance Bank Ltd open and close?

ESAF Small Finance Bank Ltd IPO is open from 03 Nov 2023 to 07 Nov 2023.

How can I apply for the ESAF Small Finance Bank Ltd IPO?

To apply for the ESAF Small Finance Bank Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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