Home » ESAF Small Finance Bank IPO: A Comprehensive Guide

ESAF Small Finance Bank IPO: A Comprehensive Guide

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ESAF Small Finance Bank IPO is opening for subscription on November 3, 2023. The price band for the IPO is Rs 57-60 per share. The issue closes on November 7, 2023.

ESAF Small Finance Bank is a microfinance institution (MFI) that was converted into a small finance bank in 2017. The bank has a strong presence in rural and semi-urban areas, and it focuses on providing financial services to underbanked and underserved segments.

The bank’s IPO comprises a fresh issuance of equity shares worth Rs 390.7 crore and an offer-for-sale (OFS) of equity shares worth Rs 72.3 crore by three shareholders. The company plans to use the net proceeds from the fresh issue to augment its Tier-I capital base to meet future capital requirements.

Key reasons to invest in ESAF Small Finance Bank IPO:

      • Strong growth potential: The small finance bank sector is expected to witness strong growth in the coming years, driven by increasing financial inclusion and rising demand for credit from rural and semi-urban areas. ESAF Small Finance Bank is well-positioned to benefit from this growth, given its strong presence in these markets.

      • Healthy financial performance: The bank has reported healthy financial performance in recent years, with strong growth in revenue and profits. The bank’s asset quality is also good, with low gross and net non-performing assets (NPAs).

      • Experienced management team: The bank has an experienced management team with a proven track record in the microfinance and banking sectors.

    Overall, ESAF Small Finance Bank IPO is a good investment opportunity for investors who are looking to invest in a growing sector with good growth potential and healthy financial performance.

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