03 Nov 2023
07 Nov 2023
₹57 to ₹60
10 Nov 2023
16 Nov 2023
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.
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
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