ESAF Small Finance Bank Limited
IPO Details
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Lot Distribution
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Company Fin.
₹14(23.33%)
Premium (ELP)
ESAF Small Finance Bank Limited's completed its IPO journey with a successful listing on NSE, BSE on Nov 10, 2023. The public offering mobilized 7,71,66,667 Shares in total capital, comprising 6,51,16,667 Shares in fresh equity and ₹72.30 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹57 to ₹60, with minimum application lots of 250 shares. Investor participation during the Nov 03, 2023 to Nov 07, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Nov 09, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1992, ESAF is a Small Finance Bank primarily focused on providing loans to rural and semi-urban customers, offering micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. As of March 2023, the bank operates through 700 outlets, 743 customer service centers, 20 business correspondents, 481 business facilitators, and 581 ATMs across 21 states in India. ESAF also provides convenient digital banking solutions such as internet banking, mobile banking, SMS alerts, bill payments, and RuPay debit cards. As of March 2022, the bank has employed over 4,100 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Microfinance Expertise: Deep understanding of the microloan segment enabled expansion beyond Kerala.
- Strong Rural Presence: Wide reach in rural and semi-urban markets.
- Customer-Centric Approach: Strong relationships built through tailored banking products.
- Digital Banking Platform: Technology-driven convenience and operational efficiency.
NA
- Kadambelil Paul Thomas
- ESAF Financial Holdings Private Limited
ESAF Small Finance Bank Limited
Link Intime India Private Limited