ESAF Small Finance Bank Limited

Company Profile
Company Name ESAF Small Finance Bank Limited
Open Date 03-11-2023
Close Date 07-11-2023
Exchange BSE, NSE
Lot Size 250 Shares
Issue Price ₹57 to ₹60 per share
Issue Size 7,71.66,667 Equity Shares
Application Amount Min. Inv. - ₹ 15,000 (250 shares) Max. Inv. – ₹ 1,95,000 (3,250 shares)
Recommendation Apply

ESAF Small Finance Bank Limited was originally incorporated in the year 2016 and has its registered office in Kerala. The Bank is a small finance bank with a focus on unbanked and under-banked customer segments, especially in rural and semi-urban centres. The bank has a network of 700 banking outlets (including 59 business correspondent-operated banking outlets), 767 customer service centres (which are operated by the business correspondents). The bank focuses on leveraging technology to deliver products and services and continuously works towards improving the customers’ experience using technology. As of 30th June 2023, the bank has 5,160 employees on its payroll

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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-2 1 Mar-22 Mar-23
Total Assets 12,33,865.20 17,70,756.40 20,22,36570
Net Assets 1,35,206.40 1,40,679.60 1,70,912.90
Total Borrowings 1,69,400.00 2,95,283.30 3,35,419.50
Total Revenue 1,64,117.30 1,93,992.50 2,85,365.90
Profit After Tax 10,539.60 5,473.20 30,233.30

Tentative Timeline

Opening Date 03/11/2023
Closing Date 07-11-2023
Basis of Allotment 10-11-2023
Initiation of Refunds 13-11-2023
Credit of Shares to Demat 15-11-2023
Listing Date 16-11-2023

Objects of the Issue

Augmentation of the Bank’s Tier-I capital base to meet the bank’s future capital requirements

Contact Information

Registered Office ESAF Small Finance Bank Limited Building No. VII/83/8, ESAF Bhavan, Thrissur-Palakkad National Highway, Mannuthy, Thrissur 680 651
Phone +91 487 7123 907

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 74.43%
Share Holding Post Issue (Promoters) 62.64%

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