ESAF Small Finance Bank Ltd. IPO

It is the new age social bank that continues to redefine the banking experience for all the stakeholders through its services.

RHP
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DRHP
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Open Date

2023-11-03

Close Date

2023-11-07

Company Financials

You can get the following financial statements of ESAF Small Finance Bank Ltd. as of now.

Subscription Details

The details about the ESAF Small Finance Bank Limited IPO is as:

  • The issue size of the IPO is 463 Cr.
  • The price band for ESAF Small Finance Bank IPO is Rs 57 to Rs 60.
  • The shares of ESAF Small Finance Bank IPO will list on 10th November 2023.
  • The latest tentative GMP of ESAF Small Finance Bank IPO is Rs 20.
  • The shares of ESAF Small Finance Bank Limited IPO is subscribed 77.00 Times as of 7th November 2023. 

 

ESAF Small Finance Bank Valuation

The approx valuation of ESAF Small Finance Bank IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 60
Existing Shares (Qty) 44.94 Cr
Fresh Issue (Amount) 390.7 Cr
Market Cap 3087.1 Cr
EPS  Rs 6.73 
PE Ratio 8.91x 
Industry PE 94.74x

 

ESAF Small Finance Bank Issue Size

ESAF Small Finance Bank IPO issue size is 463 Cr

Issue Amount
Fresh Issue 390.7 Cr
Offer For Sale 72.3 Cr

 

ESAF Small Finance Bank IPO Market Lot

An Individual can apply for a minimum 1 lot of 250 shares and a maximum of 13 lots of 3250 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 250 15,000
 Maximum 13 3250 1,95,000

 

ESAF Small Finance Bank share offer

The shares of ESAF Small Finance Bank Limited IPO is subscribed 77.00 Times as of 7th November 2023. The category-wise shares offered are as follows:

Category % Offered Subscribed
Qualified Institutional Maximum 50% 182.66 Times
Non-Institutional Minimum 15% 88.81 Times
Retail Individual Minimum 35% 17.86 Times
Employee 22,83,653 Shares 4.59 Times
Total   77.00 Times

Allotment Details

Find below the dates for ESAF Small Finance Bank IPO:

Schedule Date
Basis of Allotment 8 November 2023
Refunds 9 November 2023
Credit to Demat Account 9 November 2023
IPO Listing Date 10 November 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1031.64 1413.25 1641.17 1939.93 2853.66
Total Expenditure 1050.51 1356.05 1627.05 2073.66 2735.53
Operating Profit -18.87 57.2 14.13 -133.73 118.13
Other Income 109.15 133.19 127.25 207.58 287.91
Interest 458.28 621.06 719.58 792.79 1017.32
Depreciation 16.91 23.17 28.57 32.77 41.79
Exceptional Items 0 0 0 0 0
Profit Before Tax 90.28 190.39 141.37 73.85 406.04
Provision for Tax 0 0 35.98 19.12 103.71
Net Profit 90.28 190.39 105.4 54.73 302.33
Adjusted EPS (Rs.) 0.21 0.45 0.23 0.12 0.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 427.8 427.8 449.47 449.47 449.47
Total Reserves 465.9 656.29 902.59 962.13 1265.53
Borrowings 0 0 0 0 0
Other N/C liabilities 0 0 0 0 0
Current liabilities 0 0 0 0 0
Total Liabilities 7057.49 9469.97 12338.65 17707.56 20223.66
Assets
Net Block 85.67 115.91 132.61 159.4 187.69
Capital WIP 4.27 4.2 5.91 0.07 0.24
Intangible WIP 0 0 0 0 0
Investments 1530.75 1733.63 1932.07 4070.3 4888.53
Loans & Advances 0 0 0 0 0
Other N/C Assets 5436.8 7616.24 10268.07 13477.79 15147.2
Current Assets 0 0 0 0 0
Total Assets 7057.49 9469.97 12338.65 17707.56 20223.66
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 78.99 119.98
Profit Before Tax 188.29 149.85
Tax 48.17 37.71
Profit After Tax 140.12 112.14
Adjusted EPS (Rs) 3.12 2.18

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 63.39 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 127.18 256.26 141.37 73.85 406.05
Adjustment 120.01 88.7 289.14 443.11 618.35
Changes in Assets & Liabilities -446.57 817.53 806.24 -1084.56 -1536.1
Tax Paid -40.75 -73.6 -109.31 -16.9 -61.3
Operating Cash Flow -240.14 1088.88 1127.45 -584.5 -573
Investing Cash Flow -169.89 -634.78 -637.96 -981.85 -573.22
Financing Cash Flow 487.77 -499.04 653.27 1258.83 401.36
Net Cash Flow 77.74 -44.95 1142.76 -307.52 -744.86
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