ESAF was founded in 1992 as an NGO known as Evangelical Social Action Forum, starting lending operations in 1995 as the first microfinance company in Kerala, It became ESAF Small Finance Bank after receiving the first banking license in Kerala since independence.
Serving around 3.7 million customers, as of March 2020, ESAF SFB has presence in 17 states and one union territory with 454 Branches and 38 Ultra-Small Branches. ESAF Small Finance Bank provides a host of modern banking services with primary focus on providing banking services to the underserved.
The SFB aims to raise around Rs. 1000 through Fresh Issuance of equity shares upto worth Rs. 800 crores and an Offer for Sale of equity shares worth around Rs. 200 crores. You can read the IPO Prospectus filed by the company for more information.
Indicative Timetable
| Event | Date |
|---|---|
| Issue Period | To Be Announced |
| Price Range | To Be Announced |
| Bid Quantity | To Be Announced |
How do I apply for the ESAF Small Finance Bank IPO?
You can apply for the ESAF SFB IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.