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ESAF Small Finance Bank IPO

ESAF Small Finance Bank Ltd.

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
NANANATo be announced
Issue SizeIPO Doc
997.78Cr
DRHP PDFopen_in_new

About Company

ESAF Small Finance Bank Limited is one of the leading small finance banks (SFB) in India in terms of client base size, the yield on advances, net interest margin, assets under management CAGR, total deposit CAGR, loan portfolio concentration in rural and semi-urban areas, and the ratio of microloan advances to gross advances. The bank has around 46.8 lakh customers and around 550 Branches, 421 customer service centers, 12 business correspondents, 158 banking agents, and 327 ATMs in 21 states and two union territories.
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Parent Organisation
ESAF Small Finance Bank Ltd.
Founded
2016
Managing Director
Kadambelil Paul Thomas

Strengths & Risks

  • add
    Although based in Kerala, its deep understanding of the microloan segment has allowed the bank to grow across India.
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    Highest percentage of gross advances from rural and semi-urban areas as of March 31, 2020, among the compared small finance banks.
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    Fast-growing retail deposit portfolio with low concentration risk.
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    Strong customer connections that are driven by its customer-centric products and processes and other non-financial services for microloan customers.
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    Technology-driven model with an advanced digital technology platform.
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    Significant dependence on microloans and the microfinance sector.
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    Over the last three years, more than 85% of the advances were unsecured.
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    High operating expenses.
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    Dependency on ESMACO for promotion and new business.
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    Dependency on business correspondents for sourcing and servicing of customers for microloans.
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    Inability to comply with the applicable laws, regulations, and norms.
  • remove
    Inability to control the level of NPAs in its portfolio effectively or improve its provisioning coverage as a percentage of gross NPAs.
  • remove
    Impact of volatility in interest rates causing the net interest margin to decline.
  • remove
    An ongoing criminal investigation against an individual promoter – Kadambelil Paul Thomas.
  • remove
    Negative publicity about the brand, third parties who use the “ESAF” brand, including the corporate promoter, and third parties whose products ESAF distributes.
  • remove
    Failure to enforce its intellectual property rights or inability to renew its trademark licensing agreement.
  • remove
    Geographical concentration in southern India.
  • remove
    Inability to secure funding on acceptable terms and at competitive rates when needed.
  • remove
    Competitive industry.

Financials

*All values are in Rs. Cr
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Top IPO FAQs

What is the ESAF Small Finance Bank IPO?

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The issue size of the ESAF Small Finance Bank IPO combines a fresh issue of Rs.800 crores and an offer for sale of Rs.197.78 crores.

What are the open and close dates of the ESAF Small Finance Bank IPO?

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ESAF Small Finance Banks IPO date yet to be announced.

What is the lot size and minimum order quantity of the ESAF Small Finance Bank IPO?

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ESAF Small Finance Bank IPO price and quantity yet to be announced.

What are the allotment dates for the ESAF Small Finance Bank IPO?

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ESAF Small Finance Bank IPO allotment date yet to be announced.

Who is the registrar of ESAF Small Finance Bank IPO?

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Link Intime India Private Limited

Where is the ESAF Small Finance Bank IPO getting listed?

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The shares are proposed to be listed on the BSE and NSE.
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