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

ESAF Small Finance Bank Ltd. IPO Details

Check out the issue details for ESAF Small Finance Bank Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 60

Price Band

₹ 57 - 60

Issue Size

463 Cr.

Issue Type

Book Built

Open

2023-11-03

Close

2023-11-07

Listingprice

₹ 71

ListingGain

18.33%

Listing Date

2023-11-10

CMP

₹ 39.23

Current Return

-34.62%

Company Financials

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

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Other Income 133.19 127.25 207.58 287.97 441.83
Profit Before Tax 256.26 141.37 73.85 406.04 570.42
Net Profit 190.39 105.4 54.73 302.33 425.57
Adjusted EPS (Rs.) 4.45 2.34 1.22 6.73 8.27
Net Sales 1413.25 1641.17 1939.93 2853.6 3818.43

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 427.8 449.47 449.47 449.47 514.78
Total Reserves 656.29 902.59 957.32 1259.65 1971.33
Borrowings 1203.32 1694 2952.83 3354.2 3222.53
Total Liabilities 9469.97 12338.65 17707.56 20223.68 26086.88
Investments 1733.63 1932.07 4070.3 4888.53 5541.02
Net Block 115.91 132.61 159.4 187.69 204.94
Assets
Total Assets 9469.97 12338.65 17707.56 20223.68 26086.88
Current Assets 0 0 0 0 0
Capital WIP 4.2 5.91 0.07 0.24 2.61
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Interest Earned 943.37 974.37 1002 1022.49 996.43
Other Income 78.91 119.98 149.84 115.25 96.58
Interest Expended 346.79 377.41 411.25 434.1 456.07
Operating Expenses 385.84 429.25 455.91 449.6 493.91
Total Provisions 101.36 137.84 226.15 169.12 339.69
Profit Before Tax 188.29 149.85 58.53 84.92 -254.66
Tax 48.17 37.71 15.18 22.15 -64.59
Net Profit 140.12 112.14 43.35 62.77 -190.07
Net NPA % 1.19 2.19 2.26 3.22 2.98
Gross NPA % 2.64 4.16 4.76 6.61 6.98
Return on Assets % 0.66 0.51 0.17 0.24 -0.7
NPM % 14.85 11.51 4.33 6.14 -19.08

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 63.38 0
Jun 2024 63.39 0
Mar 2024 63.39 0
Dec 2023 63.39 0
* Figures given above are % of equity capital
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