ESAF Small Finance Bank IPO

ESAF Small Finance Bank is likely to reapply with SEBI seeking IPO approval. Earlier, it shelved IPO plans in 2020 due to COVID-19 surge and the ensuing lockdown. They have time till July 2021 to float their initial public offering. The bank planned earlier in January 2020 and received approval from SEBI, which expired in March 2021. The initial offer size contained fresh issues worth Rs 800 crores and OFS equities of approximately Rs 176.2 crores.

ESAF Small Finance Bank IPO

Issuer

ESAF Small Finance Bank

IPO Date : To be updated

Price Band

To be updated

Issue Size

₹ To be updated

Face Value

₹ To be updated

Market Lot

To be updated

Listing At

NSE,BSE

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ESAF Small Finance Bank Information

The new entrant in the IPO block, ESAF Small Finance Bank, was incorporated in 2016 in Thrissur. Within four years, the bank managed to showcase strong performance in strength and size to capture a significant market portion. They currently have a strong network of 400 branches and 4000 plus employees in Tier 1, 2, and 3 cities, catering primarily to the underserved segment of the population.

The bank registered net profit of Rs 130.42 crores during the first half of FY 21, managing to grow by 41%.

Competitive strength

Caters to the niche segment of small and microloans
Offers a diversified product portfolio of microloans, retail loans, personal loans, loan against gold for agriculture, and more
It managed robust financials by increasing profit and lowing total NPA
The bank loans heavily in the microloan segment and maintained a collection efficacy percentage of 94% even during pandemic-ravaged 2020

How to apply for ESAF Small Finance Bank IPO :

1. If you are already a client of Angel One, apply directly for ESAF Small Finance Bank IPO, click here.

2. If you’re a new investor Open DEMAT Account for free with Angel One and build wealth with the best stock choices. Join our 1 million+ family of happy customers.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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ESAF Small Finance Bank IPO FAQs

What is an IPO?

IPO refers to the maiden share launch by companies for general investors in the primary market. After the IPO launch, companies list as publicly traded companies in the stock exchanges.

What is the ESAF Small Finance Bank IPO?

ESAF Small Finance Bank will refile with the SEBI to launch initial public offering shares. The initial offer size contained fresh equities and an offer for sale (OFS) of shares from existing promoters.

How to apply for ESAF Small Finance Bank IPO through Angel One?

If you are an investor with Angel One, log in to the website or the mobile app to apply for an IPO.
Get an Angel One Demat today. Apply online.

When will the ESAF Small Finance Bank IPO open?

The issuer prepares to file with the market regulator hasn’t announced the dates yet.

What is the minimum lot size for the retail investors?

ESAF Small Finance Bank hasn't released any detail regarding final issue size or minimum lot size. We will post updated information as and when available.

How to apply for ESAF Small Finance Bank IPO?

Investors can apply through stockbrokers like Angel One or their banks using net banking.

When is the ESAF Small Finance Bank IPO allotment date?

We will update the dates when announced.

When is the ESAF Small Finance Bank IPO listing date?

We will update the dates when announced.

How to pay for ESAF Small Finance Bank IPO using UPI?

Payment through UPI is now mandatory for retail investors to bid for IPO.
To activate UPI payment, one must link the bank account with a UPI payment handle, like Google Pay or BHIM. During the payment process, they will receive a payment mandate in their UPI handle.

How will I receive the ESAF Small Finance Bank IPO?

Once allotted, ESAF Small Finance Bank IPO shares will get credited to investors’ Demat account.
Get an Angel One Demat and experience hassle-free, integrated investment across all asset classes. Click here.

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