Page 2 - Esaf Small Finance Bank

ESAF SFB, Sapphire Foods among seven companies to get Sebi's nod for IPO

The IPO of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders

ESAF Small Finance Bank files Rs 998-crore IPO papers with Sebi

ESAF Small Finance Bank has filed preliminary papers with capital markets regulator Sebi to raise Rs 998 crore through an initial public offer (IPO). The Rs 997.78-crore public issue comprises fresh issue of equity shares worth Rs 800 crore and an offer for sale of Rs 197.78 crore by existing selling shareholders, the draft red herring prospectus (DRHP) filed with Sebi showed. Under the offer for sale, promoter will be selling shares worth Rs 150 crore, PNB MetLife would be offloading shares to the tune of Rs 21.33 crore, Bajaj Allianz Life will offer shares of Rs 17.46 crore, PI Ventures will sell Rs 8.73 crore worth shares and John Chakola will offer shares worth Rs 26 lakh. The bank may consider a pre-IPO placement of equity shares for an aggregate amount up to Rs 300 crore. If the pre-IPO placement is undertaken, the amount raised from such placement will be reduced from the fresh issue. Proceeds from the fresh issue will be used to augment the bank's Tier I capital base to me

ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%

Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore

ESAF Small Finance Bank gets Sebi approval to float Rs 976 crore IPO

SEBI issued the final observations to the lenders proposal on March 20, 2020.

ESAF Small Finance Bank files DRHP for Rs 976 crore IPO with Sebi

According to the DRHP, the IPO comprises a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) amounting to Rs 176.2 crore

Lulu Group MD Yusaff Ali acquires 4.99% stake in ESAF Small Finance Bank

With this investment, the Indian billionaire now owns 5% in a Kerala-based Bank

ESAF Small Finance Bank raises Rs 4.64 bn via private placement of shares

ESAF Small Finance Bank has completed private placement of its common stock worth Rs 4.64 billion. PNB MetLife India Insurance Co. Ltd, Bajaj Allianz Life Insurance Co Ltd and ICICI Lombard General Insurance Co Ltd along with seven other investors took stake in the Small Finance Bank.PNB MetLife India Insurance Co Ltd and ESAF Multi-State Co-operative took a stake of 4.99 per cent each in the Bank. Bajaj Allianz Life Insurance and ICICI Lombard General Insurance picked up 4.08 per cent and 1.45 per cent stake respectively. ICICI Securities Ltd served as the advisor for the private placement. Polymath Advisors, Mumbai also associated with ESAF SFB in these transactions. With the infusion of additional capital the net worth of the bank has increased to Rs 8.07 billion and the CRAR to 27.9 percent. The proceeds from the private placements will be used for general corporate purposes, capital management and to support future growth. ESAF has collected Rs 3 billion worth deposits in the ...

ESAF Small Finance Bank looks for foreign equity partner

The Kerala-based bank has collected Rs 1,450 crore since it began operations in March

ESAF Small Finance Bank to starts operation in Mumbai

The micro lender plans to open 145 new banking outlets by March next year, half of which would be in Kerala