ESAF Small Finance Bank Limited
- IPO Date03 Nov, 2023 to 07 Nov, 2023
- Listing Date16 Nov, 2023
- Face Value₹10 per share
- Issue Price₹57 to ₹60 per share
- Lot Size250 Shares
- Minimum Investment₹15,000
- Listing AtBSE, NSE
- Total Issue Size7,71,66,667 Shares
(aggregating up to ₹463.00 Cr) - Fresh Issue6,51,16,667 Shares
(aggregating up to ₹390.70 Cr)
- Offer for Sale1,20,50,000 Shares
(aggregating up to ₹72.30 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue44,94,73,798
- Shareholding post issue51,45,90,465
IPO Dates
Closing Date
07 Nov, 2023
Initiation of Refunds
15 Nov, 2023
Listing Date
16 Nov, 2023
03 Nov, 2023
Opening Date
10 Nov, 2023
Basis of Allotment
15 Nov, 2023
Credit of Shares
ESAF Small Finance Bank Limited Lot Size
Investors can bid for a minimum of 250 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 3250 | ₹1,95,000 |
| Retail (Min) | 1 | 250 | ₹15,000 |
| B-HNI (Min) | 67 | 16750 | ₹10,05,000 |
| S-HNI (Min) | 14 | 3500 | ₹2,10,000 |
| S-HNI (Max) | 66 | 16500 | ₹9,90,000 |
ESAF Small Finance Bank Limited COMPANY INFORMATION
ESAF Small Finance Bank IPO is a book built issue of Rs 463.00 crores. The issue is a combination of fresh issue of 6.51 crore shares aggregating to Rs 390.70 crores and offer for sale of 1.2 crore shares aggregating to Rs 72.30 crores. ESAF Small Finance Bank IPO opens for subscription on November 3, 2023 and closes on November 7, 2023. The allotment for the ESAF Small Finance Bank IPO is expected to be finalized on Friday, November 10, 2023. ESAF Small Finance Bank IPO will list on BSE, NSE with tentative listing date fixed as Thursday, November 16, 2023. ESAF Small Finance Bank IPO price band is set at ₹57 to ₹60 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (3,500 shares), amounting to ₹210,000, and for bNII, it is 67 lots (16,750 shares), amounting to ₹1,005,000. ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Nuvama Wealth Management Limited are the book running lead managers of the ESAF Small Finance Bank IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to ESAF Small Finance Bank IPO RHP for detailed information.
Incorporated in 1992, ESAF is a Small Finance Bank mainly focusing on providing loans to rural and semi-urban customers. The Bank's products consist of (a) Micro Loans, (b) retail loans, (c) MSME loans; (d) loans to financial institutions; and (e) agricultural loans. As of March 2023, Bank has a network of 700 outlets, 743 customer service centers, 20 business correspondents and 481 business facilitators. The Bank has 581 ATM's located across 21 states of India.
Bank offers convenience banking through various digital platforms such as an internet banking portal, a mobile banking platform, SMS alerts, bill payments and RuPay branded ATM cum debit cards.
As of 31st March 2022, the Bank has provided employment to 4100 people.
The core strength of the bank lies in the following:-
- In-depth knowledge of the Microloan segment helped ESAF to grow outside Kerela
- Strong presence in rural and semi-urban areas.
- Strong customer relationships driven by Bank's customer-centric products.
- Digital Technology platform for convenience banking
FAQs About Esaf Small Finance Bank Limited
ESAF Small Finance Bank Limited will open on 03 Nov, 2023 and close on 07 Nov, 2023. Investors must apply within this period to participate.
The ESAF Small Finance Bank Limited price band is set between ₹57.00 and ₹60.00 per share. The minimum lot size is 250, requiring an investment of at least ₹15000.00.
The ESAF Small Finance Bank Limited shares are expected to be listed on 16 Nov, 2023, subject to regulatory approvals and final allotment.
You can track your ESAF Small Finance Bank Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The ESAF Small Finance Bank Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.