ESAF SFB SHARES
Secured loans, low concentration top draw for Jana SFB
It has been improving the share of secured loans in the loan book over the past few years. Its loan book is spread across multiple states with a lesser geographical concentration. Given these factors and a reasonable valuation, investors with a long-term view may consider the IPO.
Small finance banks bounce back from Covid lows
Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.
Jana Small Finance Bank gets Sebi nod for IPO
Jana would be the seventh small finance bank (SFB) to be listed. The already listed small finance banks are AU, ESAF, Equitas, Suryoday, Ujjivan and Utkarsh out of the 12 licensed by the Reserve Bank of India
ESAF Small Finance Bank makes a healthy D-Street debut. What investors should do
The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category of the IPO was booked 173 times
ESAF Small Finance Bank shares list at 20% premium over IPO price
ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers. For the three months ended June, the lender's total income rose 34% year-on-year to Rs 992 crore, while net profit was up 22% to Rs 130 crore.
ESAF Small Finance Bank shares to debut on Friday. What GMP signals ahead of listing
The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category was booked 173 times.ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers.
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IPO tracker: ESAF SFB's offer booked 19x; ASK Automotive's issue subscribed 19% on Day 1
The Rs 463-crore IPO includes a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore. Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion.
IPO tracker: ESAF SFB's offer booked 8.32x; Protean eGov Tech's issue sails through on Day 1
The IPO is priced in the range of Rs 57-60. Investors can bid for a minimum of 250 shares and in multiples thereafter.
ASK Automotive IPO opens on November 7. Here are 10 things to know about the offer
The lender has fixed a price band of Rs 268-282 per equity share for the IPO. Investors can bid for a minimum of 53 shares and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
ESAF Small Finance Bank IPO opens. Should you subscribe?
ESAF Small Finance Bank IPO: The Rs 463-crore IPO includes a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore. Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders – PNB MetLife and Bajaj Allianz Life – make up for the remaining OFS portion.
ESAF SFB offers exposure to fast-growing micro-lending segment
The promoter group's stake will fall to 63.5% after the IPO from 74.4%. The company focuses on customers in rural and semi-urban areas which contribute nearly two-thirds to the loan book
ESAF SFB mobilises Rs 135 crore from anchor investors
The Thrissur-headquartered small finance bank allocated shares worth Rs 20 crore each to ACM Global Fund VCC, Edelweiss Life and Kotak Mahindra Life Insurance Company. Edelweiss Life acquired those shares through its four schemes. ICICI Prudential Life, SBI General Insurance, Founders Collective Fund and Ananta Capital Ventures have put in Rs 11 crore each.
ESAF Small Finance Bank IPO opens on Friday. What GMP signals ahead of subscription
Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload a stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion.
ESAF Small Finance Bank IPO opens on November 3. Here are 10 things to know about the offer
ESAF SFB is a small banking lender and its asset products include micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. Between FY21-23, the Bank's assets under management (AUM) grew to Rs 16,331, with a CAGR of 39.22%, the highest among their peers according to the CRISIL report.
ESAF Small Finance Bank to launch IPO on November 3, aims to raise Rs 463 cr
Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion.
ESAF SFB files for IPO a third time, scales down size
Initially, it had received Sebi approval in March 2020 - just before the pandemic struck - to raise ₹976 crore including ₹800 crore through a primary issuance. It filed the IPO papers for the second time in July 2021 with a similar size in mind and got the approval in October of the same year.
ESAF Small Finance Bank refiles draft papers with Sebi for Rs 629 cr IPO
The company, in consultation with the lead bankers to the issue, may consider a further issue of equity shares by a private placement or any other method up to Rs 97.33 crore. If such placement is completed, the fresh issue size will be reduced.
ESAF SFB files papers with Sebi for IPO
The bank has scaled down its IPO size by about a third from what was planned before Covid. This is the third time it is seeking Sebi's approval for an IPO.Initially, it had received Sebi approval in March 2020 -- just before the pandemic struck -- to raise Rs 976 crore including Rs 800 crore via primary issuance
Worried about safety of your fixed deposit in a small finance bank? Here are the 11 ways to check how safe the bank is
Higher interest rate available on fixed deposits of small finance banks has attracted many depositor however they are always worried about the safety of their hard earned money. While all these banks under regulation of RBI however that does not give any guarantee of safety. It is better for depositors especially who are depositing higher amount to check the safety aspects thoroughly before investing.
ESAF SFB to refile IPO, issue size to be lower now
The lender had in October filed for a nearly Rs 1,000 crore IPO which was to include Rs 800 crore of primary issuance and also a Rs 200 crore offer-for-sale from existing investors. However, the same has lapsed as it was to be done within a year.
ESAF SFB, Paytm, Sapphire Foods among 7 firms to get Sebi's nod for IPO
As many as seven companies, including ESAF Small Finance Bank, Sapphire Foods India and Anand Rathi Wealth, have received capital markets regulator Sebi's nod to raise funds through initial public offerings (IPOs).
Suryoday SFB raises Rs 150 crore before IPO
Suryoday would be the fourth small finance bank to come out with IPO after AU Small Finance Bank, Equitas Small Finance Bank and Ujjivan Small Finance Bank. Unlike Equitas and Ujjivan, Suryoday has no holding company.
IPO market warms up for a busy December
Suryoday Small Finance Bank, ESAF Small Finance Bank, Nazara Technologies, RailTel, Burger King, Kalyan Jewellers and Antony Waste Management are among those that are conducting road shows and planning initial public offers (IPOs) in December, bankers told ET.
Bajaj Allianz LI, others to reduce stake in ESAF SFB for IPO
ESAF Finance Bank’s proposed Rs 976 crore IPO comprises a primary issue of Rs 800 crore and a sale of Rs 176 crore worth shares by existing investors. A pickup in economic activities and bouncing back in the equity market have given it confidence to resume work on the IPO.
Equitas SFB IPO kicks off: All you need to know
The bank has raised Rs 140 crore from anchor investors by the way of allocating 4.23 crore equity shares at the price of Rs 33 per equity share, which is also the upper band of the IPO price.
Fincare Small Finance Bank plans Rs 1,200 crore IPO, hires bankers
As per central bank norms, SFBs need to have a holding company as a promoter and the bank to be listed in three years of commencement of operations.
Microfinance industry is out of an unprecedent crisis, thanks to regulations, diligent borrowers
Asset under management (outstanding loans or gross loan portfolio) fell Rs 3,000 crore to close at Rs 20,500 crore in 2011-12.
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