ESAF Small Finance Bank Ltd - IPO

ESAF Small Finance Bank Ltd IPO Details

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

Objective of issue

To be Utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's Future Capital Requirements.

ESAF Small Finance Bank Ltd Contact Details

ESAF Small Finance Bank Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investor.relations@esafbank.com

Website - www.esafbank.com