BAJAJ BROKING

Notification
No new Notification messages
Nisus Finance Services IPO is Open!
Apply for the Nisus Finance Services IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

ESAF Small Finance Bank Ltd

Banks

Offer Period :

3rd to 7th Nov 2023

Established in 1992, ESAF Small Finance Bank focuses on lending to rural and semi-urban customers through microcredit, retail, MSME, and agricultural loans. With a vast network and 7.15 million customers, Read more... the bank's core strengths lie in microcredit expertise, customer-centric products, and a robust digital platform.Read less

ESAF Small Finance Bank Ltd IPO Details

IPO Date 3rd to 7th Nov 2023 Minimum Investment ₹15000 / 1 Lots
Listing Date 2023-11-10 Maximum Investment ₹195000 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹463 Crores
Price ₹60 to ₹60 per share Fresh Issue ₹390.7 Crores
Lot Size 1 Lots (250 Shares) Offer For Sale ₹ 72.3
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 3rd to 7th Nov 2023
Listing Date 2023-11-10
Face Value ₹10 per share
Price ₹60 to ₹60 per share
Lot Size 1 Lots (250 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹15000 / 1 Lots
Maximum Investment ₹195000 / 13 Lots
Total Issue Size ₹463 Crores
Fresh Issue ₹390.7 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

3rd Nov

IPO Starts

7th Nov

IPO Ends

8th Nov

Allotment Date

8th Nov

Initiation of Refund

9th Nov

Credit of Shares to Demat Account

10th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 69.4 60.6
Public Group 30.6 39.4

ESAF Small Finance Bank Ltd IPO Reservation

QIB Shares Offered 15016667(19.46%)
NII (HNI) Shares Offered 11262500(14.6%)
Retail Shares Offered 26279168(34.06%)
Anchor Investor Shares Offered 22525000(29.19%)
Total Shares Offered 77166664
Total Shares With Anchor Investor 77166664

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

ESAF Small Finance Bank Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 022 4918 6060
Email Id esaf.ipo@linkintime.co.in
Our Website www.linkintime.co.in

ESAF Small Finance Bank Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. DAM Capital Advisors Ltd

3. Nuvama Wealth Management Ltd

Explore IPOs


Explore comprehensive IPO details for every IPO. Access essential information such as listing price, listing date, issue price, lot size, issue size, minimum investment, and IPO timeline. Gain insights into the company's background, strengths, and potential risks. Track the subscription status and delve into the financials of the company, empowering yourself with crucial data for informed investment decisions. Stay ahead in the dynamic IPO market by staying informed on upcoming, ongoing, and past IPOs. 
 

Stay ahead in the ever-evolving IPO landscape with our comprehensive platform. We offer a holistic resource, ensuring you not only access essential details but also gain valuable insights into market trends. Navigate confidently, armed with intricate analyses, expert opinions, and real-time updates. Whether you're a seasoned investor or a novice, our user-friendly interface and extensive information empower you to make well-informed decisions. Experience the convenience of having a dedicated space where you can delve into the intricacies of IPOs, enabling a strategic and calculated approach to the dynamic stock market. 

ESAF Small Finance Bank Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of ESAF Small Finance Bank Ltd

1. Its understanding of the micro loan segment, which has enabled the bank to grow its business outside of Kerala, its home state.

2. Strong rural and semi-urban banking franchise.

3. Fast-growing Retail Deposit portfolio with low concentration risk.

4. Strong customer connections driven by its customer centric products and processes and other non-financial services for Micro Loan customers.

5. Technology-driven model with an advanced digital technology platform.

6. Experienced Board and Key Management Personnel.

Risks Involved

1. Its business is significantly dependent on Micro Loans and any adverse developments in the microfinance sector could adversely affect its business, financial condition, results of operations and cash flows.

2. A majority of the Bank advances are unsecured. If its unable to recover such advances in a timely manner or at all, the financial condition, results of operations and cash flows may be adversely affected.

3. The Bank incur significant operating expenses and any increase in these operating expenses without a corresponding increase in its Net Interest Income and other income combined will adversely affect the Bank financial condition, results of operations and cash flows.

4. The Bank could be subject to various sanctions and penalties by the RBI for failing to comply with the requirement to list the Equity Shares on a stock exchange in India before July 31, 2021.

5. Its business correspondents (which includes ESMACO, a Promoter Group and Group Entity, and Lahanti, a Group Entity) have sourced the majority of its advances. All of the Bank Business correspondents work for it on a nonexclusive basis. If any of its business correspondents and in particular ESMACO prefer to promote the competitors' loans over the Bank loans or the agreements between us and them are terminated or not renewed, it would adversely affect its business, financial condition, results of operations and cash flows.

6. The Bank is in non-compliance with certain Risk Based Supervision ("RBS") Tranche III requirements and if the RBI imposes penalties on it for this non-compliance, it could adversely affect its reputation, business, financial condition, results of operations and cash flows.

7. The Bank is subject to inspections by various regulatory authorities, including by the RBI, PFRDA, IRDA and National Pension System Trust. Inspection by the RBI is a regular exercise for all banks and financial institutions. Regulators and external auditors appointed by a regulator have observed various non-compliances by it in the past and have required it to, among other things, take corrective actions and pay compensation. Non-compliance with the observations of such regulators could adversely affect its business, financial condition, results of operations and cash flows.

8. The Bank is subject to stringent regulatory requirements and prudential norms. If its unable to comply with such laws, regulations and norms it may have an adverse effect on the Bank business, financial condition, results of operations and cash flows.

9. If the Bank is unable to control the level of gross NPAs in its portfolio effectively or if its unable to improve the Bank Provisioning Coverage Ratio, its business, financial condition, results of operations and cash flows could be adversely affected.

10. The Bank non-convertible debentures are listed on the BSE and its subject to rules and regulations with respect to such listed non-convertible debentures. If the Bank fail to comply with such rules and regulations, its may be subject to certain penal actions, which may have an adverse effect on the business, results of operations, financial condition and cash flows.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

ESAF Small Finance Bank Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-10 544020 ESAFSFB
INE818W01011
₹60 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹60 ₹60
Open ₹71.9 ₹71
Low ₹68.5 ₹68.55
High ₹74.7 ₹74.8
Low ₹68.5 ₹68.55

Frequently Asked Questions

What is ESAF Small Finance Bank Ltd IPO?

Answer Field

ESAF Small Finance Bank Ltd IPO is a Mainboard IPO of 7,71,66,664 equity shares of a face value of ₹10 aggregating up to ₹463 Crores. The issue is priced at ₹60 to ₹60 per share. The minimum order quantity is 250 Shares. The IPO opens on November 03, 2023, and closes on November 07, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When ESAF Small Finance Bank Ltd IPO will open?

Answer Field

The ESAF Small Finance Bank Ltd IPO opens on November 03, 2023 and closes on November 07, 2023.

What is the lot size of ESAF Small Finance Bank Ltd?

Answer Field

ESAF Small Finance Bank Ltd lot size is 250 shares, and the minimum amount required is ₹15,000.

How to apply for ESAF Small Finance Bank Ltd IPO?

Answer Field

You can apply in ESAF Small Finance Bank Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is ESAF Small Finance Bank Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for ESAF Small Finance Bank Ltd IPO will be done on November 08, 2023, and the allotted shares will be credited to your demat account by November 09, 2023.

When is ESAF Small Finance Bank Ltd IPO listing date?

Answer Field

The ESAF Small Finance Bank Ltd listing date is November 10, 2023.

Who is the registrar of ESAF Small Finance Bank Ltd IPO?

Answer Field

The registrar of ESAF Small Finance Bank Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,DAM Capital Advisors Ltd,Nuvama Wealth Management Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of ESAF Small Finance Bank Ltd IPO?

Answer Field

The fresh issue size is ₹390.7 Crores equity shares.

What minimum lot size can retail subscribers subscribe to ESAF Small Finance Bank Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 250 shares and ₹15,000 amount.

How can I approve the UPI mandate request for ESAF Small Finance Bank Ltd IPO?

Answer Field

To apply for ESAF Small Finance Bank Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of ESAF Small Finance Bank Ltd?

Answer Field

The price of each ESAF Small Finance Bank Ltd share will be ranging in between ₹60 to ₹60 per share.

What is the cut-off time for the UPI mandate for ESAF Small Finance Bank Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 07, 2023.

No results found

Browse IPOs

upcoming-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
current-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • DHANLAXMI CROP SCIENCE LIMITEDSME IPO Early Access

  • Bidding Dates

    9th Dec 2024 - 12th Dec 2024

  • Price Range

    ₹52.0 - 55.0

  • IPO Size

    ₹23,80,00,000

  • Apply Now
closed-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • SWIGGY LIMITEDMainboard IPO

  • Bidding Dates

    6th Nov 2024 - 11th Nov 2024

  • Price Range

    ₹371.0 - 390.0

  • IPO Size

    ₹1,13,27,43,00,000

  • Invest Now
performance-radio
  • IPO Name
  • ISSUE PRICE
  • LISTING DAY CLOSE
  • LISTING DAY(GAIN/LOSS)
  • Lorem Ipsum
  • NTPC GREEN ENERGY LIMITEDMainboard IPO

  • Issue Price

    108.00

  • Listing Day Close

    122.10

  • Listing Day (Gain/Loss)

    12.96

  • ONYX BIOTEC LIMITEDSME IPO

  • Issue Price

    61.00

  • Listing Day Close

    56.75

  • Listing Day (Gain/Loss)

    -6.56

  • ZINKA LOGISTICS SOLUTIONS LIMITEDMainboard IPO

  • Issue Price

    273.00

  • Listing Day Close

    260.20

  • Listing Day (Gain/Loss)

    -4.76

  • MANGAL COMPUSOLUTION LIMITEDSME IPO

  • Issue Price

    45.00

  • Listing Day Close

    42.75

  • Listing Day (Gain/Loss)

    -4.44

  • NEELAM LINENS AND GARMENTS INDIA LIMITEDSME IPO

  • Issue Price

    24.00

  • Listing Day Close

    38.05

  • Listing Day (Gain/Loss)

    58.33

  • NIVA BUPA HEALTH INSURANCE COMPANY LIMITEDMainboard IPO

  • Issue Price

    74.00

  • Listing Day Close

    74.00

  • Listing Day (Gain/Loss)

    0.00

  • SWIGGY LIMITEDMainboard IPO

  • Issue Price

    390.00

  • Listing Day Close

    455.95

  • Listing Day (Gain/Loss)

    16.92

  • ACME SOLAR HOLDINGS LIMITEDMainboard IPO

  • Issue Price

    289.00

  • Listing Day Close

    253.50

  • Listing Day (Gain/Loss)

    -12.11

  • SAGILITY INDIA LIMITEDMainboard IPO

  • Issue Price

    30.00

  • Listing Day Close

    29.36

  • Listing Day (Gain/Loss)

    -3.33

  • AFCONS INFRASTRUCTURE LIMITEDMainboard IPO

  • Issue Price

    463.00

  • Listing Day Close

    474.55

  • Listing Day (Gain/Loss)

    2.59

  • USHA FINANCIAL SERVICES LIMITEDSME IPO

  • Issue Price

    168.00

  • Listing Day Close

    155.85

  • Listing Day (Gain/Loss)

    -7.14

  • GODAVARI BIOREFINERIES LIMITEDMainboard IPO

  • Issue Price

    352.00

  • Listing Day Close

    342.85

  • Listing Day (Gain/Loss)

    -2.56

  • OBSC PERFECTION LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    115.50

  • Listing Day (Gain/Loss)

    16.00

  • UNITED HEAT TRANSFER LIMITEDSME IPO

  • Issue Price

    59.00

  • Listing Day Close

    63.95

  • Listing Day (Gain/Loss)

    8.47

  • DANISH POWER LIMITEDSME IPO

  • Issue Price

    380.00

  • Listing Day Close

    598.50

  • Listing Day (Gain/Loss)

    57.63

  • WAAREE ENERGIES LIMITEDMainboard IPO

  • Issue Price

    1503.00

  • Listing Day Close

    2336.80

  • Listing Day (Gain/Loss)

    55.49

  • DEEPAK BUILDERS AND ENGINEERS INDIA LIMITEDMainboard IPO

  • Issue Price

    203.00

  • Listing Day Close

    161.90

  • Listing Day (Gain/Loss)

    -20.20

  • PREMIUM PLAST LIMITEDSME IPO

  • Issue Price

    49.00

  • Listing Day Close

    48.90

  • Listing Day (Gain/Loss)

    0.00

  • FRESHARA AGRO EXPORTS LIMITEDSME IPO

  • Issue Price

    116.00

  • Listing Day Close

    134.70

  • Listing Day (Gain/Loss)

    16.38

  • LAKSHYA POWERTECH LIMITEDSME IPO

  • Issue Price

    180.00

  • Listing Day Close

    359.10

  • Listing Day (Gain/Loss)

    99.44

We have something for everyone

Explore more Investment options

Stocks

Secure and enhance your financial future today

investment-card-icon

IPOs

Your gateway to future financial opportunities

investment-card-icon

MTF

Explore Buy Now Pay Later and boost your capital by up to 4x  

investment-card-icon

US Stocks

Discover opportunities to invest in elite FAANG stocks

investment-card-icon

Related Articles

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs + Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text