The ESAF Small Finance Bank IPO started on November 3, 2023, and ended on November 7, 2023. Shares were allocated on November 10, 2023, and refund processes began on November 13, 2023. On November 15, 2023, the shares were credited to investors demat accounts. ESAF Small Finance Bank was officially listed on the stock exchange on November 16, 2023.
During the IPO, ESAF Small Finance Bank offered shares at a price range of ₹57 to ₹60 per share, and the lot size was 250 shares. The total issue size was ₹463.00 crores, with ₹390.70 crores from new shares and ₹72.30 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
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ESAF Small Finance Bank IPO Subscription Status
The ESAF Small Finance Bank IPO on November 3, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Employee | x |
| Total | x |
ESAF Small Finance Bank IPO Basic Details
| Company Name | ESAF Small Finance Bank Limited |
| Domain of Company | Small Finance Bank |
| IPO Open Date | November 3, 2023 |
| IPO Close Date | November 7, 2023 |
| IPO Allotment Date | November 10, 2023 |
| IPO Listing Date | November 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹57 to ₹60 per share |
| Lot Size | 250 Shares |
| Issue Size | 77,166,667 shares of ₹10 (aggregating up to ₹463.00 Cr) |
| Fresh Issue | 65,116,667 shares of ₹10 (aggregating up to ₹390.70 Cr) |
| Offer for Sale | 12,050,000 shares of ₹10 (aggregating up to ₹72.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Kadambelil Paul Thomas and ESAF Financial Holdings Private Limited |
About ESAF Small Finance Bank Limited
ESAF is a Small Finance Bank that started in 1992 with a primary focus on providing loans to people living in rural and semi-urban areas. The bank offers various products, including Micro Loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. As of March 2023, ESAF has 700 outlets, 743 customer service centers, 20 business correspondents, and 481 business facilitators. They also have 581 ATMs spread across 21 states in India.
ESAF makes banking easy for its customers by providing digital services like internet banking, mobile banking, SMS alerts, bill payments, and RuPay-branded ATM debit cards.
By the end of March 2022, the bank employed 4,100 people.
The bank’s key strengths include:
- Their deep understanding of the Microloan sector, which allowed them to expand beyond Kerala.
- A strong presence in rural and semi-urban areas.
- Building strong relationships with customers through customer-centric products.
- Offering a convenient digital technology platform for banking.
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ESAF Small Finance Bank IPO FAQs
What is the start and end date of ESAF Small Finance Bank IPO Subscription?
The ESAF Small Finance Bank IPO started on November 3, 2023, and ended on November 7, 2023.
When does ESAF Small Finance Bank IPO Subscription open?
The ESAF Small Finance Bank IPO open on November 3, 2023.
When does ESAF Small Finance Bank IPO Subscription close?
The ESAF Small Finance Bank IPO Close on November 7, 2023.
What is the allotment date of ESAF Small Finance Bank IPO?
The allotment date for ESAF Small Finance Bank IPO is November 10, 2023.
When is the initial refund date of ESAF Small Finance Bank IPO?
The initial Refund date for ESAF Small Finance Bank IPO is November 13, 2023.
When were the shares credited to investors demat accounts for the ESAF Small Finance Bank IPO?
The shares for the ESAF Small Finance Bank IPO were credited to investors demat accounts on November 15, 2023.
When will ESAF Small Finance Bank IPO be listed on the stock market?
ESAF Small Finance Bank IPO stock market will be listed on November 16, 2023 at 10 am.
What was the price range of the ESAF Small Finance Bank IPO shares?
The ESAF Small Finance Bank IPO shares were offered at a price range of ₹57 to ₹60 per share.
What was the lot size for the ESAF Small Finance Bank IPO shares?
The lot size for the ESAF Small Finance Bank IPO shares was 250 shares.
What was the total issue size of the ESAF Small Finance Bank IPO?
The total issue size of the ESAF Small Finance Bank IPO was ₹463.00 crores.
How were the shares allocated among different types of investors for the ESAF Small Finance Bank IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the ESAF Small Finance Bank IPO listed?
The ESAF Small Finance Bank IPO was listed on the NSE, BSE.
What is the ESAF Small Finance Bank IPO Subscription Status?
ESAF Small Finance Bank IPO is subscribed Times.
