ESAF Small Finance Bank Limited IPO

Discover key details about ESAF Small Finance Bank Limited IPO - the opening and closing dates, and more.

About ESAF Small Finance Bank Limited

ESAF Small Finance Bank, originally an NGO in 1992, obtained an RBI license in 2015 to become a Small Finance Bank. They have acquired 5.6 million customers, and boast a workforce of 4,100 as of March 2022.

IPO Details

IPO Date: 3rd Nov - 7th Nov 2023 Total Issue Size: Rs. 463 Crore Price Band: Rs. 57 – Rs. 60 per share Lot Size: 250 Shares in each lot Allotment Date: 10thNovember 2023 Listing Date: 16th November 2023 Minimum Investment: Rs 15,000

Strengths of the IPO

1. Product diversification since April 2017. 2. Strong rural customer base, 62.87% of advances. 3. Fourth-highest deposit growth among peers as of March’23

Risks Involved

1. Dependency on micro-loans poses financial risks. 2. A high proportion of unsecured advances may affect finances and cash flow. 3. Non-compliance with BSE regulations could lead to penalties.

IPO Objective

· Net Proceeds for capital growth and regulatory compliance. · Listing Equity Shares to gain Stock Exchange benefits.