ESAF Small Finance Bank IPO Details

Open Date

03 Nov 2023

07 Nov 2023


₹463.00 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹57 to ₹60

Close Date

Allotment Date

10 Nov 2023

16 Nov 2023

IPO Details

Established in 1992, ESAF Small Finance Bank Limited provides banking and lending facilities to unbanked and underbanked customer segments, particularly in rural and semi-urban areas. As of June 30, 2023, the company's loans to customers in rural and semi-urban areas combined accounted for 62.97% of its total loan portfolio. Also, 71.71% of its banking branches are also located strategically in these areas.

About the Company

To meet the capital requirements by augmenting the Tier-I capital base ●    To fund the growth of lending activities expected to arise from the growth in the Bank’s assets, primarily loans ●    To comply with regulatory requirements on capital adequacy prescribed by the RBI ●    General corporate purposes.


The book-running lead managers to the offer are: ICICI Securities Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management Ltd

Book Runners

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