{"id":2930,"date":"2020-01-06T21:57:34","date_gmt":"2020-01-06T21:57:34","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/06\/esaf-small-finance-bank-files-draft-papers-for-rs-976-crore-ipo\/"},"modified":"2020-01-06T21:57:34","modified_gmt":"2020-01-06T21:57:34","slug":"esaf-small-finance-bank-files-draft-papers-for-rs-976-crore-ipo","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/06\/esaf-small-finance-bank-files-draft-papers-for-rs-976-crore-ipo\/","title":{"rendered":"ESAF Small Finance Bank files draft papers for Rs 976-crore IPO"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1815014\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/esaf-1.jpg\" alt=\"ESAF, Small Finance Bank, draft paper, IPO,\u00a0DRHP, market news\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/esaf-1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/esaf-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/esaf-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/esaf-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1815014\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/esaf-1.jpg\" alt=\"ESAF, Small Finance Bank, draft paper, IPO,\u00a0DRHP, market news\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/esaf-1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/esaf-1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/esaf-1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/esaf-1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The IPO of the Kerala-based lender comprises a fresh issue worth Rs 800 crore and an \u2018offer for sale\u2019 (OFS) aggregating up to Rs 176.2 crore.<\/span><\/figure>\n<\/div>\n<p>ESAF Small Finance Bank on Monday filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) of Rs 976 crore. The IPO of the Kerala-based lender comprises a fresh issue worth Rs 800 crore and an \u2018offer for sale\u2019 (OFS) aggregating up to Rs 176.2 crore.<\/p>\n<p>The net proceeds from the fresh issue will be used to augment the bank\u2019s Tier-1 capital (primarily loans\/advances and investment portfolio) to meet future capital requirements.<\/p>\n<p>The bank, in consultation with its Book Running Lead Managers (BRLMs) may consider a pre-IPO placement of up to Rs 300 crore. If it is undertaken, the amount raised will be reduced from the fresh issue, the DRHP states.<\/p>\n<p>ESAF Small Finance Bank currently operates in 16 states and 1 Union territory through its 403 branches and 38 ultra-small branches, serving over 3.73 million customers. The bank\u2019s net profit increased from Rs 24.60 crore in September 2018 to Rs 92.40 crore in September 2019 and the interest earned increased from Rs 472.258 crore in September 2018 to Rs 660.68 crore in September 2019.<\/p>\n<p>The DRHP states that it will continue to focus on its rural and semi-urban franchisees and increase deposits across NRIs and CASA. As on date, it stands to have the highest share of retail deposits as a percentage to the total deposits compared to other small finance banks.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-2647526228\"><div id=\"jobbi-2128538491\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The IPO of the Kerala-based lender comprises a fresh issue worth Rs 800 crore and an \u2018offer for sale\u2019 (OFS) aggregating up to Rs 176.2 crore. ESAF Small Finance Bank on Monday filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":2931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/2930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=2930"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/2930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/2931"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=2930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=2930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=2930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}