ESAF Small Finance Bank IPO opens on November 3. Here are 10 things to know about the offer

economictimes.indiatimes.com:

ESAF Small Finance Bank will open for subscription on November 3. The issue closes on November 7.

The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.

1. What is the business overview of ESAF SFB?
   ESAF SFB is a small banking lender and its asset products include micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. Between FY21-23, the Bank's assets under management (AUM) grew to Rs 16,331, with a CAGR of 39.22%, the highest among their peers according to the CRISIL report.
2. What is the industry overview of ESAF SFB?
   The 12 small finance banks in India cumulatively accounted for approximately 13% of the total AUM of the industry as of June 2023. Small finance banks advances under management (AUM) clocked 29% CAGR from March 2018 to June 2023 and CRISIL MI&A expects this to increase by a CAGR of 22-24% between June 2023 and March 2025.
3. What is the size of ESAF SFB IPO?
   The IPO comprises a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore, aggregating up to Rs 463 crore.
4. Who are the selling shareholders under OFS?
   Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion.
5. What is the price band for ESAF SFB IPO?
   The lender has fixed a price band of Rs 57-60 per equity share for the IPO. Investors can bid for a minimum of 250 shares and in multiples thereafter.
6. What is the structure of ESAF SFB IPO?
   About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
7. How is the financial