ESAF Small Finance Bank IPO, Review, IPO Performance by IPOPlatform India

About ESAF Small Finance Bank

Company Information

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

Object of Issue

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.

ESAF Small Finance Bank MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Nov, 2023

IPO Size :

463.00 Cr.

Market Cap :

3087.54 Cr.

IPO Subscription :

77.00 X

PE Multiple :

18.69

Merchant Banker :
Dam Capital Advisors Limited (Formerly Idfc Securities Limited)

IPO Registrar:
Link Intime India Private Limited

FAQs

1. What is ESAF Small Finance Bank IPO?

ESAF Small Finance Bank operates in Banking And Finance and South Centric SFB And Enjoys Its Niche Play. The Issue is listed on BSE,NSE in Nov, 2023. ESAF Small Finance Bank IPO size was 463.00 Cr. with Issue price of 60.00 .

2. Who is the merchant banker of ESAF Small Finance Bank IPO?

Merchant Banker(s) of ESAF Small Finance Bank IPO: Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited , Nuvama Wealth Management Limited

3. How many times ESAF Small Finance Bank IPO was subscribed?

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.

4. What is the listing price of ESAF Small Finance Bank IPO?

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

5. What is the current market price of ESAF Small Finance Bank IPO?

The current market price of ESAF Small Finance Bank is 29.20.