ESAF Small Finance Bank takes pride in its network, which includes 700 banking outlets, 743 customer service centers, 20 business correspondents, 2,023 banking agents, 481 business facilitators, and 528 ATMs spread across 21 states and two union territories. With a customer base of 6.83 million, as of March 31, 2023, the bank aims to provide a range of financial products to its customers through their crucial partnerships, with business correspondents. These offerings include microloans, mortgage loans, vehicle loans, MSME loans, agricultural loans and select deposit products.
The bank aims to be the leading bank, in India working towards providing access, inclusivity, and promoting economic growth. They have implemented policies, including an Environmental, Social, and Governance (ESG) policy to uphold their bottom-line approach. Under this ESG policy, the bank is dedicated to protecting the environment fostering development, and ensuring inclusion and gender equality through specialized financial services. Additionally, they are putting in place a governance framework to ensure accountability, transparency, and compliance, with ESG standards.
In 2020, ESAF Small Finance Bank was honored with the Global Sustainability Award 2020″ for its accomplishments, in sustainability management by the Energy and Environment Foundation. As per the report from CARE Advisory Research & Training Limited the bank’s ESG Grading scores in June 2023 were as follows; pillar. 62%, Social Pillar. 68% and Governance pillar. 76%. These scores demonstrate dedication to eco-finance, ethical labor practices, and robust governance standards. The bank has been given a CareEdge ESG 3 (rating with a score of 71 which exceeds the industry average overall score of 59.8.
The bank provides a range of platforms, including internet banking, mobile banking, SMS alerts, bill payments, and ATM cum debit cards branded as RuPay. They have also digitized the processes, for opening savings accounts and conducting loan underwriting using tablets. Additionally, they utilize technology-driven solutions to support credit evaluation and provide cashless loan disbursement. As of March 31, 2023, ESAF Small Finance Bank had 5,034 employees.
ESAF Small Finance Bank IPO Complete Details:
ESAF Small Finance Bank IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF ESAF Small Finance Bank is Around 09 Rs.
Objects Of Issue:
ESAF Small Finance Bank proposes to utilize the net proceeds from the fresh issue to augment its Tier–I capital base to meet its future capital requirements and to increase its business, primarily through onward lending. Furthermore, the proceeds from the fresh issue will also be used to cover the expenses related to the offer.
Promoters:
Kadambelil Paul Thomas
- Education: Master’s degree in business administration from Annamalai University
- Current position: Managing Director and Chief Executive Officer of the Bank
ESAF Financial Holdings Private Limited
FAQs:
When ESAF Small Finance Bank IPO is Opening?
ESAF Small Finance Bank IPO is Opening on 03 November 2023.
When is the ESAF Small Finance Bank IPO Closing?
ESAF Small Finance Bank IPO is Closing on 07 November 2023.
What is the Issue Size of the ESAF Small Finance Bank IPO?
The IPO Issue Size of ESAF Small Finance Bank is 463 Crore.
Price Band of ESAF Small Finance Bank IPO?
The price Band of ESAF Small Finance Bank IPO is 57 to 60 rupees per share.
What is the minimum investment for an ESAF Small Finance Bank IPO?
The minimum investment for the ESAF Small Finance Bank IPO is 15,000 Rupees.
Allotment Date of ESAF Small Finance Bank IPO?
The Allotment of ESAF Small Finance Bank IPO is on 10 November 2023.
Listing Date of ESAF Small Finance Bank IPO?
The Listing Of ESAF Small Finance Bank is Scheduled on 16 November 2023.
One Should Apply for ESAF Small Finance Bank IPO or Not?
will update soon
How to apply for ESAF Small Finance Bank IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find ESAF Small Finance Bank IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for ESAF Small Finance Bank IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find ESAF Small Finance Bank IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for ESAF Small Finance Bank IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find ESAF Small Finance Bank IPO from the list ——–> Click on ESAF Small Finance Bank IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of ESAF Small Finance Bank?
ICICI Securities Limited, Dam Capital Advisors Ltd, and Nuvama Wealth Management Limited are the Lead Managers of ESAF Small Finance Bank.
Where To Check the Allotment of ESAF Small Finance Bank IPO?
The allotment status for the ESAF Small Finance Bank IPO will be accessible on the Link Intime India Private Limited Website.
ESAF Small Finance Bank IPO is going to be listed at?
ESAF Small Finance Bank IPO is going to be listed at NSE BSE.
What is the Lot Size of the ESAF Small Finance Bank IPO?
The lot size of the ESAF Small Finance Bank IPO is 250 Shares.
What is the EPS of ESAF Small Finance Bank IPO?
The EPS of ESAF Small Finance Bank is 6.73 Rupees.
What is the P/E Ratio of ESAF Small Finance Bank IPO?
The P/E Ratio of ESAF Small Finance Bank is 8.94.
What is the ROE of the ESAF Small Finance Bank IPO?
The ROE of ESAF Small Finance Bank is N/A.
What is the ROCE of ESAF Small Finance Bank IPO?
The ROCE of ESAF Small Finance Bank is N/A.
