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
| Particular | Date |
| IPO Open Date | 03 Nov 2023 |
| IPO Close Date | 07 Nov 2023 |
| Allotment Date | 10 Nov 2023 |
| IPO Listing Date | 10 Nov 2023 |
ESAF Small Finance Bank IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 57 to Rs.60 Per Equity Share |
| Market Lot | 200 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 391 Crore. |
ESAF Small Finance Bank IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 250 | Rs. 15000 |
| Maximum | 13 | 3250 | Rs. 195000 |
| Small HNI (Minimum) | 14 | 3500 | Rs. 210000 |
| Big HNI (Minimum) | 67 | 16750 | Rs. 100500 |
ESAF Small Finance Bank IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 20223.66 | 17707.56 | 12338.65 |
| Total Revenue | 3141.57 | 2147.51 | 1768.42 |
| Profit After Tax | 302.33 | 54.73 | 105.40 |
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 Information | IPO 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 Email: investor.relations@esafbank.com Website: https://www.esafbank.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: esaf.ipo@damcapital.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
