ESAF Small Finance Bank Ltd IPO |
Registered Office:
Bldg. # VII/83/8 ESAF Bhavan,Tri-Palakkad N.Hiway. Mannuthy
,
Trissur
-
680651
,
Kerala
, India.
Phone :
+91 487 7123 907 Fax:
Email : investor.relations@esafbank.com
Website : www.esafbank.com
|
| Initial public offer of 77,356,059* equity shares of face value of (Rs)10 each ("Equity Shares") of ESAF Small Finance Bank Limited ("Bank" or "Issuer") for cash at a price of (Rs)60^ per equity share (including a share premium of (Rs)50 per equity share) aggregating to (Rs)463.00* crores (the "Offer") comprising a fresh issue of 65,306,060* equity shares aggregating to (Rs)390.70* crores (the "Fresh Issue") and an offer for sale of 12,049,999* equity shares aggregating to (Rs)72.30* crores ("The Offer for Sale"), comprising 8,210,000* equity shares aggregating to (Rs)49.26* crores by the promoter selling shareholder (as defined hereunder), and 2,111,666* equity shares aggregating to (Rs)12.67* crores by PNB Metlife India Insurance Company Limited and 1,728,333* equity shares aggregating to
(Rs)10.37* crores by Bajaj Allianz Life Insurance Company Limited (the "Other Selling Shareholders" and together with the promoter selling shareholder, the "Selling Shareholders", and such equity shares the "Offered Shares").
The offer included a reservation of 2,272,727* equity shares, aggregating to (Rs)12.50^^ crores (constituting 0.44% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The bank and the promoter selling shareholder, in consultation with the brlms has offered a discount of 8.33% of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer, less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 15.03% and 14.59%, respectively, of the post-offer paid-up equity share capital of the bank.
The face value of equity shares is (Rs)10 each. The offer price is 6.00 times the face value of the equity shares.
^A discount of (Rs)5 per equity share was offered to eligible employees bidding in the employee reservation portion.
^^After employee discount
*Subject to finalisation of basis of allotment
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 03-Nov-23 |
07-Nov-23 |
(Rs)60.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :250 Further Multiples of :250 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
0.00 |
|
| Project Financed through Current Offer |
463.00 |
|
| Post Issue Equity Share Capital |
514.78 |
|
| Issue Price |
(Rs)60.00 |
|
|