ESAF Small Finance Bank Limited IPO

Price
₹57 - ₹60
Lot
250
Subs.
77
Expected Listing Earning

Exp. Premium(GMP):
9.00(15.00%)
IPO Details

Open Date: 03-Nov-2023
Close Date: 07-Nov-2023
Allotment Date: 23-Nov-2023
Listing Date: 10-Nov-2023
Listing Price: ₹71/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹57-60 Per Equity Share
Issue Size: 65,116,667 shares (aggregating up to ₹390.70 Cr)
Market Lot (Min Amount): 12,050,000 shares of ₹10 (aggregating up to ₹72.30 Cr)
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Emp

Total

Shares Offered/Reserved15,016,66911,262,50026,279,1672,283,65354,841,989
Day 1 - 22-11-23 
05:00 PM
0.95x2.58x2.12x1.09xx1.85x
Day 2 - 23-11-23 
05:00 PM
1.09x21.27x8.37x2.54xx8.79x
Day 3 - 24-11-23 
05:00 PM
182.66x88.81x17.86x4.59x77.00x
Total No. of Application:1,623,915 (Approx.)
Retail Subscription on the basis of Apps:15.45x
Valuations

Earning Per Share(EPS)6.73/-
P/E Ratio8.94
RoNW17.69%
Net Asset Value (NAV) - Post Issue:N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,202320,223.663,141.57302.33
31 Mar,202217,707.562,147.5154.73
31 Mar,202112,338.651,768.42105.40
Promoter(s)

Pre Issue Share Holding74.43%
Post Issue Share Holding62.64%
Company Promoter(s)
1. Kadambelil Paul Thomas
2. ESAF Financial Holdings Private Limited
Issue Objective(s)

The Net Proceeds are proposed to be utilized towards augmentation of the Bank's Tier-I capital base to meet the Bank's future capital requirements which are expected to arise out of growth in the Bank's assets, primarily the Bank's loans/advances and investment portfolio and to ensure compliance with regulatory requirements on capital adequacy prescribed by the RBI from time to time.

The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

About Company

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. 

Other

The Promoters of our Bank are Kadambelil Paul Thomas and ESAF Financial Holdings Private Limited.

Share Holding Pre Issue 74.43% Share Holding Post Issue 59.74%

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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