73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

ESAF Small Finance Bank IPO (ESAF Small Finance Bank Limited IPO) Detail

ESAF Small Finance Bank IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 463.00 Cr. The company is based in Thrissur and caters to Banking And Finance sector. Dam Capital Advisors (Formerly Idfc Securities ) , ICICI Securities , Nuvama Wealth Management are the merchant bankers of ESAF Small Finance Bank IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 6th January 2020.

ESAF Small Finance Bank IPO open date is 3rd November 2023 and close date is 7th November 2023. IPO Allotment Date is 8th November 2023 and Listing date is 10th November 2023.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 463.00 Cr. Avg IPO Size (Sector Based) : ₹ 1,777.43 cr.
  • Sector: Banking And Finance IPO so far: 79
  • Merchant Banker: Dam Capital IPO by BRLM so far: 53
  • City: Thrissur IPO so far: 3
  • Revenue (annualised): ₹ 3967.12 cr.
            PAT: (annualised): ₹ 519.84 cr. Read Financial Information >>
  • PE Ratio: 18.69x Average Sector PE Ratio: 20.56x

ESAF Small Finance Bank IPO Date

Date of DRHP:
6th January 2020
IPO Open Date:
3rd November 2023
IPO Close Date:
7th November 2023
IPO Allotment Date:
8th November 2023
Initiation of Refund:
8th November 2023
IPO Listing Date:
10th November 2023

ESAF Small IPO Info, Size, Subscription

ESAF Small Finance Bank IPO size is ₹ 463.00 Cr. with IPO price of ₹ 60.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 463.00 Cr.

Issue Price:
₹ 60.00

Market Capitalisation :
₹ 3087.54 Cr.

PE multiple :
18.69

Subscription :
77.00 times

Pre Issue Promoter Holding :
74.43 %

Post Issue Promoter Holding :
59.74 %

ESAF Small Finance Bank IPO Information

Sub Sector : south centric SFB and enjoys its niche play
ESAF Small Finance Bank Limited is a small finance bank focused on serving unbanked and under-banked customer segments, particularly in rural and semi-urban areas. Its assets under management (AUM) grew from '84,259.30 million to '163,312.65 million between March 31, 2021, and 2023, achieving a compound annual growth rate (CAGR) of 39.22%, the highest among its peers. Its deposits also increased from '89,994.26 million to '146,656.25 million during the same period, with a CAGR of 27.66%. As of March 31, 2023, the bank's Retail Deposits Ratio stood at 90.8%, the highest in its peer group. The Promoters have over 27 years of experience in serving the unserved and underserved, with a strong focus on financial inclusion. The bank follows a business model centered around responsible
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Object of Issue (ESAF Small IPO Objectives)

  • 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.

Dam Capital Advisors Limited (Formerly Idfc Securities Limited) is the book-running lead manager of the ESAF Small Finance Bank IPO. Link Intime India Private Limited is the Registrar for ESAF Small Finance Bank IPO.

ESAF Small Finance Bank IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is ESAF Small Finance Bank IPO?

ESAF Small Finance Bank IPO, based in Thrissur, operates in the   Banking And Finance sector with a focus on south centric SFB and enjoys its niche play. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. ESAF Small Finance Bank IPO size is ₹ 463.00 Cr. with fresh issue size of ₹ 390.70 Cr. and Offer for sale being ₹ 72.30Cr.

When is ESAF Small IPO allotment?

The IPO allotment date for ESAF Small Finance Bank IPO is expected to be 8th November 2023, after the finalization of basis of allotment. Investors can check ESAF Small Finance Bank IPO allotment status on the registrars website, Link Intime India Private Limited . ESAF Small Finance Bank IPO refund dates are 8th November 2023.

When is ESAF Small Finance Bank IPO listing date?

ESAF Small Finance Bank IPO is expected to be listed on 10th November 2023.

What is the price band for ESAF Small IPO?

The upper price band for the ESAF Small Finance Bank IPO is set at ₹ 60.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is ESAF Small Finance Bank IPO Review?

For IPO analysis on ESAF Small Finance Bank IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for ESAF Small Finance Bank IPO?

To apply for the ESAF Small Finance Bank IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 7th November 2023. After submission, funds are blocked until the basis of allotment of ESAF Small Finance Bank IPO is finalised.

Who is the merchant banker of ESAF Small IPO?

The merchant banker for ESAF Small Finance Bank IPO is Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited , Nuvama Wealth Management Limited . Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited , Nuvama Wealth Management Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the ESAF Small Finance Bank IPO RHP for further details.

Who is the Registrar of ESAF Small Finance Bank IPO?

The registrar for ESAF Small Finance Bank IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to ESAF Small Finance Bank IPO through their official website or helpline.

What is the ESAF Small Finance Bank IPO subscription?

ESAF Small Finance Bank IPO was subscribed 77.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

ESAF Small Finance Bank IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on ESAF Small Finance Bank Financial Review Page

ESAF Small Finance Bank IPO subscription was 77.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

ESAF Small Finance Bank IPO listed at a listing price of 69.05 against the offer price of 60.00.

The current market price of ESAF Small Finance Bank is 32.08.

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