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15 Days Price Change

ESAF Small Finance IPO

Closing In

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Issue Size --
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Price Range 57  to  60 per share
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Min Investment ₹60
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

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  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

ESAF Small Finance Bank Ltd is a prominent financial institution that specializes in providing banking and financial services to underserved and economically disadvantaged segments of society. ESAF Small Finance Bank has rapidly grown to become a trusted name in the Indian banking sector. The bank offers a wide range of services, including savings and current accounts, fixed deposits, microloans, insurance, and digital banking solutions. With a strong commitment to financial inclusion, ESAF Small Finance Bank focuses on empowering individuals and businesses in rural and semi-urban areas by extending access to affordable banking products. Their mission is to foster economic development, reduce poverty, and improve the quality of life for their customers, especially those in remote and marginalized communities. This customer-centric approach and dedication to social impact have made ESAF Small Finance Bank a noteworthy player in the financial services industry. Read More

Basic Info

Face Value 10 per share

Price 57  to  60 per share

P/E (x) -5.9

Sales( Cr.) 3862

PAT( Cr.) -521

EPS -10.1

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

No promoters available

Pre Issue Share Holding --%

Post Issue Share Holding --%

Listing Details:

Listing Price: 71.9

Listing Gain: 16.55%

Current Price: 28.6

Gain On Issue: 28.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 03, 2023
Closing Date Nov 07, 2023
Allotment Nov 08, 2023
Refund Nov 09, 2023
Delivery of Shares Nov 09, 2023
Listing Date Nov 10, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 250 15,000
Retail (Max) 13 3250 195,000
S-HNI (Min) 14 3500 210,000
S-HNI (Max) 66 16500 990,000
B-HNI (Min) 67 16750 1,005,000

Objective of the Issue

The Net Proceeds are proposed to be utilized towards augmentation of the Bank& amp amp amp amp #039 s Tier-I capital base to meet the Bank& amp amp amp amp #039 s future capital requirements which are expected to arise out of growth in the Bank& amp amp amp amp #039 s assets, primarily the Bank& amp amp amp amp #039 s loans/advances and investment portfolio and to ensure compliance with regulatory requirements on capital adequacy prescribed by the RBI from time to time.

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 0 0 0x
Retail 0 0 0x
EMP 0 0 0x
Total 0 0 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

ESAF Small Finance Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Interest Earned 29 597 1032 1413 1641 1940 2854 3819 3862
Other Income 19 102 109 133 127 208 288 442 467
Total Income 48 699 1141 1546 1768 2148 3142 4260 4329
Interest Expense 16 315 458 621 720 793 1017 1449 1811
Operating Expenditure 23 306 453 601 632 863 1231 1649 1962
Provisions and contingencies 6 34 102 68 276 418 488 592 1250
Operating Profit 2 44 127 256 141 74 406 570 -693
Profit Before Tax 2 44 127 256 141 74 406 570 -693
Provision for Tax 1 17 37 66 36 19 104 145 -172
Profit After Tax 1 27 90 190 105 55 302 426 -521
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 27 90 190 105 55 302 426 -521
Adjusted Earnings Per Share 0 0.9 2.1 4.5 2.3 1.2 6.7 8.3 -10.1

ESAF Small Finance Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 306 343 894 1084 1352 1412 1715 2492 1949
Minority's Interest 0 0 0 0 0 0 0 0 0
Deposits 409 2523 4317 7028 8999 12815 14666 19868 23276
Borrowings 2053 1675 1702 1203 1694 2953 3354 3223 1406
Other Liabilities & Provisions 171 183 144 154 293 528 489 505 547
Total Liabilities 2938 4724 7057 9470 12339 17708 20224 26087 27178
Cash and balance with RBI 107 438 247 305 1618 1301 740 1365 1351
Bank Balance 449 259 535 598 201 211 28 58 628
Investments 579 732 1531 1734 1932 4070 4889 5541 5995
Advances 1482 3155 4548 6548 8168 11637 13924 18293 18028
Fixed Assets 31 60 86 116 133 159 188 205 237
Other Assets 288 71 107 166 281 329 456 622 876
Total Assets 2938 4724 7057 9470 12339 17708 20224 26087 27178

ESAF Small Finance Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 492 643 721 676 1819 1511 766 1420
Cash Flow from Operating Activities -1393 700 -240 1089 1127 -585 -571 1001 3176
Cash Flow from Investing Activities -473 -181 -170 -635 -638 -982 -573 -583 -769
Cash Flow from Financing Activities 2358 -368 488 -499 653 1259 399 235 -1852
Net Cash Inflow / Outflow 492 151 78 -45 1143 -308 -745 653 556
Closing Cash & Cash Equivalent 492 643 721 676 1819 1511 766 1420 1976

ESAF Small Finance Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.03 0.87 2.11 4.45 2.34 1.22 6.73 8.27 -10.12
CEPS(Rs) 0.04 1.17 2.51 4.99 2.98 1.95 7.66 9.26 -8.97
DPS(Rs) 0 0 0 0 0 0 0 0.7 0
Book NAV/Share(Rs) 10.14 11.01 20.89 25.34 30.08 31.3 38.03 48.29 37.74
Yield on Advances 1.98 18.92 22.68 21.58 20.09 16.67 20.49 20.87 21.42
Yield on Investments 0.43 7.4 6.4 7.99 7.83 5.7 6.7 6.74 8.03
Cost of Liabilities 0.65 7.5 7.61 7.54 6.73 5.03 5.65 6.27 7.34
NIM (Net Interest Margin) 0.51 6.15 8.36 8.63 7.73 6.66 9.38 9.38 7.89
Interest Spread 1.33 11.42 15.07 14.04 13.36 11.64 14.85 14.6 14.09
ROA(%) 0.03 0.7 1.53 2.3 0.97 0.36 1.59 1.84 -1.96
ROE(%) 0.25 8.32 14.6 19.25 8.65 3.97 19.41 20.29 -23.53
ROCE(%) 0.65 11.51 13.85 16.06 9.61 5.07 12.42 14.45 -10.91
PER(x) 0 0 0 0 0 0 0 6.56 0
Price/Book(x) 0 0 0 0 0 0 0 1.12 0.65
Dividend Yield(%) 0 0 0 0 0 0 0 1.29 0
EV/Net Sales(x) 80.1 3.33 2.06 1.15 1.31 1.75 1.33 1.57 0.69
EV/Core EBITDA(x) 270.94 25.6 9.3 5.02 5.14 6.92 4.26 5.17 4.79
Interest Earned Growth(%) 0 1930.56 72.85 36.99 16.13 18.2 47.1 33.81 1.14
Net Profit Growth 0 3438.2 234.45 110.88 -44.64 -48.07 452.39 40.76 -222.52
Advances Growth 0 112.93 44.16 43.96 24.74 42.48 19.66 31.38 -1.45
EPS Growth(%) 0 3320.55 143.86 110.88 -47.31 -48.07 452.39 22.9 -222.36
Loans/Deposits(x) 501.5 66.37 39.43 17.12 18.82 23.04 22.87 16.22 6.04
Cash/Deposits(x) 0.26 0.17 0.06 0.04 0.18 0.1 0.05 0.07 0.06
Current Ratio(x) 1.41 0.29 0.35 0.25 0.21 0.32 0.33 0.28 0.26
Quick Ratio(x) 501.5 66.37 39.43 17.12 18.82 23.04 22.87 16.22 6.04
CASA % 18.17 10.01 13.55 13.66 19.42 22.84 21.39 22.66 24.84

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 26% 22% 0%
Operating Profit CAGR -222% NAN% NAN% 0%
PAT CAGR -222% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% NA% NA% NA%
ROE Average -24% 5% 6% 8%
ROCE Average -11% 5% 6% 8%

Company Contact Information

ESAF Small Finance Bank Ltd.

Building No.vii/83/8, Esaf Bhavan Thrissur- Palakkad National Highway Mannuthy

IPO Lead Manager(s)

ESAF Small Finance Bank Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

ICICI Securities Ltd

Nuvama Wealth Management Ltd.

Registrar Info

ESAF Small Finance Bank Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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