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Open
3 Nov 2023
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Close
7 Nov 2023
3
Allotment
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Listing
Fri, Nov 10, 2023
Price Band
₹57 to ₹60
Issue Size
7,73,56,059 shares (agg. up to ₹463 Cr)
Lot Size
250 Shares
Listing Date
Fri, Nov 10, 2023
Latest GMP
₹16
Est. Gain
26.67%
✦ AI Insight
GMP Trend
10-11-2023₹16Est. ₹76+26.67%
09-11-2023₹16Est. ₹76+26.67%
08-11-2023₹21Est. ₹81+35%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 54.68x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 20,795.94 | 20,223.66 | 17,707.56 | 12,338.65 |
| Total Income | 991.78 | 3,141.57 | 2,147.51 | 1,768.42 |
| Profit After Tax | 129.96 | 302.33 | 54.73 | 105.40 |
| NET Worth | 1,839.09 | 1,709.13 | 1,406.80 | 1,352.06 |
| Reserves and Surplus | 1,389.62 | 1,259.66 | 957.32 | 902.59 |
| Total Borrowing | 2,739.13 | 3,354.20 | 2,952.83 | 1,694.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Utkarsh Small Finance Bank Ltd. | Mainboard | ₹500.00 Cr | ₹25 | 6.78 | ₹48.00 | +92.00% | ₹14.99 (-0.60%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmentation of our Bank’s Tier-I capital base to meet our Bank’s future capital requirements |
About ESAF Small Finance Bank IPO
Incorporated in 1992, ESAF is a small finance bank that focuses mainly on lending to rural and semi-urban customers. The company's lending includes (a) microcredit, which includes microfinance loans and other microloans; (b) retail loans, which include gold loans, mortgages, personal loans and vehicle loans; (c) MSME loans; (d) loans to financial institutions; and (e) agricultural loans. ESAF Small Finance Bank Limited has a network of 700 banking outlets (including 59 banking outlets operated by business correspondents), 767 customer service centres, 22 business correspondents, 2,116 banking agents, 525 business introducers and 559 ATMs across 21 states and two Union Territories, serving 7.15 million customers as of June 30, 2023. As of March 31, 2022, the bank employed 4,100 people. In Kerela, the company is represented in all 14 districts. The company's target customers for microfinance and other microloans are women in unbanked and underbanked households in India. As of June 30, 2023, ESAF had over 3.25 million microcredit clients. ESAF BANK has increased the number of branches offering gold loans from 345 branches or 62.73% of 550 branches as of March 31, 2021 to 551 branches
Contact Details
ESAF Small Finance Bank Ltd. AddressBuilding No.VII/83/8ESAF Bhavan, Thrissur-Palakkad National HighwayMannuthyThrissur, Kerala, 680651+91 487 7123 907investor.relations@esafbank.comVisit Website