ESAF Small Finance Bank IPO
ESAF Small Finance Bank is likely to reapply with SEBI seeking IPO approval. Earlier, it shelved IPO plans in 2020 due to COVID-19 surge and the ensuing lockdown. They have time till July 2021 to float their initial public offering. The bank planned earlier in January 2020 and received approval from SEBI, which expired in March 2021. The initial offer size contained fresh issues worth Rs 800 crores and OFS equities of approximately Rs 176.2 crores.
ESAF Small Finance Bank IPO
ESAF Small Finance BankIPO Date : To be updated
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ESAF Small Finance Bank Information
The new entrant in the IPO block, ESAF Small Finance Bank, was incorporated in 2016 in Thrissur. Within four years, the bank managed to showcase strong performance in strength and size to capture a significant market portion. They currently have a strong network of 400 branches and 4000 plus employees in Tier 1, 2, and 3 cities, catering primarily to the underserved segment of the population.
The bank registered net profit of Rs 130.42 crores during the first half of FY 21, managing to grow by 41%.
- Caters to the niche segment of small and microloans
- Offers a diversified product portfolio of microloans, retail loans, personal loans, loan against gold for agriculture, and more
- It managed robust financials by increasing profit and lowing total NPA
- The bank loans heavily in the microloan segment and maintained a collection efficacy percentage of 94% even during pandemic-ravaged 2020
How to apply for ESAF Small Finance Bank IPO :
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In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
ESAF Small Finance Bank IPO FAQs
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How to pay for ESAF Small Finance Bank IPO using UPI?
To activate UPI payment, one must link the bank account with a UPI payment handle, like Google Pay or BHIM. During the payment process, they will receive a payment mandate in their UPI handle.
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