ESAF Small Finance Bank Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

ESAF Small Finance Bank Ltd IPO

ESAF Small Finance Bank Limited is one of the leading small finance banks in terms of yield on advances, AUM growth rate and share of retail deposits in total deposits. Its Corporate Promoter, was granted the RBI In-Principle Approval to establish an SFB, on October 7, 2015. The Bank was incorporated as 'ESAF Small Finance Bank Limited' on May 5, 2016 at Thrissur, Kerala, as a public limited company under the Companies Act, 2013, and was granted a certificate of incorporation by the RoC. The Bank was thereafter granted the RBI Final Approval vide license no. MUM:124, to carry on business as an SFB, on November 18, 2016.

ESAF Small Finance Bank Ltd IPO Details

Total Shares Offered

TBA

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

TBA

IPO Open Date

Nov 3, 2023

Close Date

Nov 7, 2023

Lot Size

250

Min Investment

TBA

Issue Type

Book Building

Listing Date

Nov 10, 2023

ESAF Small Finance Bank Ltd IPO Dates

Nov 3, 2023

Opening date

Nov 7, 2023

Closing date

Basis of Allotment

Initiation of Refunds

Credit of Shares

Nov 10, 2023

Listing date

Details

Sector	Type
Sector	Banks - Private Sector
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	0x	0	0
NII	0x	0	0
Retail	0x	0	0
Employee	0x	0	0
Total	0x	0	0

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

ESAF Small Finance Bank Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	-633.72	621.41	447.83
EBITDA	-574.47	672.40	489.62
PAT	-521.39	425.57	302.33
Total Assets	2,854.74	2,045.21	1,222.89
Share Capital	515.43	514.78	449.47
Total Borrowings	2,281.35	3,844.81	3,810.05
Operating Activities (Net Cash)	-462.14	476.56	344.12
Investing Activities (Net Cash)	5,931.96	5,538.41	4,888.29
Financing Activities (Net Cash)	2,281.35	3,844.81	3,810.05
Net Cashflow	1,979.11	1,422.92	767.05

About ESAF Small Finance Bank Ltd

The Bank was incorporated as 'ESAF Small Finance Bank Limited' on May 5, 2016 at Thrissur, Kerala, as a public limited company under the Companies Act, 2013, and was granted the certificate of incorporation by the Registrar of Companies, Kerala at Ernakulam (RoC). The Corporate Promoter, ESAF Financial Holdings Private Limited was granted in-principle approval to establish a small finance bank (SFB), by the RBI, pursuant to its letter dated October 7, 2015. Subsequently, the Bank received the final approval to carry on the SFB business in India, pursuant to a letter dated November 18, 2016 issued by the RBI. The Bank commenced its business with effect from March 10, 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated November 12, 2018 issued by the RBI.

On September 16, 2015, the RBI awarded in-principle approval to 10 entities for setting up small finance banks on account of the government's focus on financial inclusion and inclusive banking. The objective of SFBs is to extend banking services to the underserved and unserved population of India through savings instruments, and supplying credit to small business units, small and marginal farmers, micro and small industries, and other unorganised sector/lending through informal channels.

Peer Comparison:

Suryoday Small Finance Bank Ltd
CreditAccess Grameen Ltd
Spandana Sphoorty Financial Ltd
Bandhan Bank Ltd
Ujjivan Small Finance Bank Ltd
Equitas Small Finance Bank Ltd

ESAF Small Finance Bank Ltd Key Points

Strengths

Deep understanding of the microfinance 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 connect driven by its customer centric products and processes and other non-financial services for microfinance customers

Technology driven model with an advanced digital technology platform

Risk

The Bank's business is currently significantly dependent on advances to microfinance loan customers and any adverse developments in the microfinance sector could adversely affect its business, financial condition, results of operations and cash flows.

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

The Bank incurs significant operating expenses and any increase in these operating expenses without a corresponding increase in income will adversely affect its financial condition, results of operations and cash flows.

Strategy

Expand its geographic presence and penetrate deeper into its existing geographies

Increase its deposits and in particular its NRI deposits and CASA

Provide a comprehensive suite of banking products catered to the needs of its diverse customer base

Increase fee-based income by expanding its third-party product and service offerings

Continue to leverage technology and customer data analytics

How To Apply for ESAF Small Finance Bank Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

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

ESAF Small Finance Bank Ltd's IPO offers shares for up to 0 It begins on Nov 3, 2023 and ends on Nov 7, 2023.

What is the price of the ESAF Small Finance Bank Ltd IPO?

The price of ESAF Small Finance Bank Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the ESAF Small Finance Bank Ltd IPO?

The ESAF Small Finance Bank Ltd IPO opens on Nov 3, 2023 and closes on Nov 7, 2023.

When will the ESAF Small Finance Bank Ltd IPO be allotted?

The allotment for the ESAF Small Finance Bank Ltd IPO will be finalised on Invalid Date. The shares will be listed on BSE and NSE on Nov 10, 2023.

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

The minimum lot size for ESAF Small Finance Bank Ltd IPO is 250 shares, priced between NA to NA per share.

What is the GMP of ESAF Small Finance Bank Ltd IPO?

The GMP (Grey Market Premium) of ESAF Small Finance Bank Ltd IPO fluctuates based on market demand and sentiment.

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

To check the allotment status of ESAF Small Finance Bank Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the ESAF Small Finance Bank Ltd IPO getting listed?

The ESAF Small Finance Bank Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 3, 2023, and closes on Nov 7, 2023. The allotment is finalised on Invalid Date.

How do you apply for the ESAF Small Finance Bank Ltd IPO?

To apply for the ESAF Small Finance Bank Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.