ESAF Small Finance Bank Limited IPO

ESAF Small Finance Bank

ESAF Small Finance Bank Limited is an Indian non-government company that provides banking services and small loans to the underbanked.
It was founded in 1992 as an NGO called Evangelical Social Action Forum.
ESAF started lending micro loans in 1995.
It became a small finance bank in March 2017.
ESAF’s products include: Micro loans, Retail loans, MSME loans, Loans to financial institutions, Agricultural loans.
ESAF’s contact information is:
Contact center: 1-800-103-3723
Toll free: 080-4552-0100
Email: customercare@esafbank
ESAF’s authorized capital is Rs 11000.0 lakhs and its paid-up capital is also Rs 11000.0 lakhs.

As of March 2023, ESAF Small Finance Bank had:
700 outlets
743 customer service centers
20 business correspondents
481 business facilitators
581 ATMs
46.8 lakh customers

ESAF Small Finance Bank offers a variety of banking services, including:
ATMs, Debit cards, Safe deposit lockers, Internet banking, Mobile banking, Agent banking, SMS banking, RTGS, NEFT, CTS.
ESAF Small Finance Bank’s authorized capital is Rs 11000.0 lakhs, and its paid-up capital is also Rs 11000.0 lakhs.

ESAF Small Finance Bank IPO Timeline

IPO Open Date03 Nov 2023
IPO Close Date07 Nov 2023
Allotment Date10 Nov 2023
IPO Listing Date10 Nov 2023

ESAF Small Finance Bank IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 57 to Rs.60 Per Equity Share
Market Lot200 Share
Listing AtNSE & BSE
Issue SizeApprox. Rs. 391 Crore.

ESAF Small Finance Bank IPO Lot Size

Minimum1250Rs. 15000
Maximum133250Rs. 195000
Small HNI (Minimum)143500Rs. 210000
Big HNI (Minimum)6716750Rs. 100500

ESAF Small Finance Bank IPO Details Allotment Status

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets20223.6617707.5612338.65
Total Revenue3141.572147.511768.42
Profit After Tax302.3354.73105.40
for accurate figures follow the company financials.

Company Promoters:

The Promoters of the Company are Varun Alagh and Ghazal Alagh

Purpose of the issue

  • The Net Proceeds are proposed to be utilized towards augmentation of the Bank’s Tier-I capital base to meet the Bank’s future capital requirements which are expected to arise out of growth in the Bank’s assets, primarily the Bank’s loans/advances and investment portfolio and to ensure compliance with regulatory requirements on capital adequacy prescribed by the RBI from time to time.
  • The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Registrar & Company Details

Company Contact InformationIPO Registrar
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
Link Intime India Private Ltd

Phone: +91-22-4918 6270

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