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Mumbai, Kerala-based ESAF Small Finance Bank on Monday filed its Draft Red Herring Prospectus (DRHP) with markets regulator <keyword id="5083555" type="ORGANIZATION" weightage="20" keywordseo="Securities-and-Exchange-Board-of">Securities and Exchange Board of</keyword> India for an IPO. As per the DRHP, the aggregate issue size is up to ₹997.78 crore, comprising of a fresh issue component of up to ₹800 crore and an Offer for Sale up to ₹197.78 crore by promoter and other selling shareholders i.e <keyword id="8150050" type="UNKNOWN" weightage="20" keywordseo="PNB-MetLife-India-Insurance-Company">PNB Metlife India Insurance Company</keyword>, Bajaj Allianz Life Insurance Ltd, <keyword id="4412564" type="PERSON" weightage="20" keywordseo="Pi-Ventures-LLP">PI Ventures LLP</keyword>, and John Chakola. The net proceeds from the fresh issue will be used to augment the bank's Tier 1 capital (primarily loans, advances and investment portfolio) to meet future capital requirements. The company may consider a pre-IPO placement of up to ₹300 crore, subject to counsel from the lead managers. As per the CRISIL report, ESAF is one of the leading small finance banks in terms of yield on advances, AUM growth rate, and share of retail deposits. It currently operates across 21 states and two Union Territories with 550 branches, 421 customer service centres (which are operated by its business correspondents), 12 business correspondents, 158 banking agents and 327 ATMs and serves over 4.68 million customers. As of March 2021, ESAF's gross advances stood at ₹8,415 crore, compared with ₹6,606.51 crore a year ago and total deposits were at ₹8,999.43 crore against ₹7,028.38 crore. Additionally, the DRHP states that the bank 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 when compared to the other small finance banks. Investment Bankers appointed to the issue are Axis Capital Ltd, Edelweiss Financial Services Ltd, <keyword id="334749" type="COMPANY" weightage="20" keywordseo="ICICI-Securities-Ltd">ICICI Securities Ltd</keyword>, and IIFL Securities Ltd. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/zomato-market-value-has-reached-1-10-lakh-crore-but-experts-had-different-views/articleshow/84757790.cms">While investors are still upbeat on Zomato stock, experts find it overvalued and expensive</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/wazirx-coindcx-and-other-indian-crypto-exchanges-will-reportedly-have-new-advertisement-guidelines-in-the-next-seven-to-ten-days/articleshow/84756896.cms">WazirX, CoinDCX and other Indian crypto exchanges will reportedly have new advertisement guidelines in the next seven to ten days</a>

Kerala-based ESAF Small Finance Bank looks to raise ₹998 crore through IPO

New Delhi, Jan 6 () ESAF Small Finance Bank on Monday filed draft papers with markets regulator Sebi to float a Rs 976-crore initial public offering.
 The IPO comprises a fresh issue of shares worth Rs 800 crore and an offer-for-sale (OFS) aggregating up to Rs 176.2 crore, according to the draft prospectus filed with the Securities and Exchange Board of India (Sebi).
 The bank, in consultation with its book running lead managers 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 draft papers noted.
 The proceeds from the fresh issue will be used to augment the bank's tier-1 capital (primarily loans or advances and investment portfolio) to meet future capital requirements.
 The public issue is being managed by Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities.
 The Kerala-based 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's net profit increased from Rs 24.06 crore in September 2018 to Rs 92.44 crore in September 2019 and the interest earned increased from Rs 472.25 crore in September 2018 to Rs 660.68 crore in September 2019.
 The bank will continue to focus on its rural and semi urban franchisees and increase deposits across non-resident Indians, among others, according to the draft papers.
 In 2017, AU Small Finance Bank launched its over Rs 1,900 crore initial share-sale. SP HRS

ESAF Small Finance Bank files Rs 976-cr IPO papers with Sebi

New Delhi, Apr 19 () Kerala-based ESAF Small Finance Bank has expressed its commitment for going public by listing its stock in line with the RBI's requirement and the money raised will help support the country's economy hit hard by the COVID-19 pandemic. Currently, promoters and promoter group together hold 77.94 per cent stake in the bank, which commenced its operation in March 2017. Besides, SIDBI Trustee Company Ltd-A/C Samridhi Fund holds 12.24 per cent stake in the bank. Speaking to , ESAF Small Finance Bank Managing Director K Paul Thomas said, "We have got the approval from Sebi for the initial public offering only in March. We have time till March 2021 and we hope that things will be normal by that time." Thomas, who holds 7.29 per cent stake in the bank in his individual capacity, said that making any prediction about the timeline at this point of time is difficult but going forward, things should improve. In terms of the licensing guidelines, a small finance bank is required to list its equity on the stock exchanges within a period of three years from reaching a net worth of Rs 500 crore. Talking about various efforts undertaken by the bank to help poor and hapless during the ongoing nation-wide lockdown, Thomas said, "We are not only providing banking service but engaging to support underprivileged especially stranded migrant workers in meeting daily needs under the corporate social responsibility initiative. The bank has launched mobile clinics called 'Bandhu Clinics' to cater to medical needs of migrant workers especially from eastern India in Kerala and also set up a dedicated helpline number for them, he said. On the banking side, the bank has launched COVID-19 care loan, he said adding that it is a pre-approved loan for getting started once the lockdown is over. As about 96 per cent of customers are small borrowers, the bank has provided a three-month moratorium in default mode as per the RBI guidelines of March 27 to help them in these difficult times. Citing the experience of the bank during the devastating Kerala flood in 2018, he said small businesses if given timely financial support are back on their feet quickly. "Keeping that in mind, the bank is ready with products for our different sets of borrowers and disbursement will start quickly after the lockdown is over," he added. Bank branches and ATMs across the 17 states and union territories are functioning and providing help to customers and the public at large, he added. ESAF Small Finance Bank, which got go-ahead from the Securities and Exchange Board of India (Sebi) to float a Rs 976-crore initial public offering last month, plans to raise Rs 800 crore through fresh issue and Rs 176.2 crore via offer-for-sale (OFS). The bank may consider a pre-IPO placement of up to Rs 300 crore. The proceeds from the fresh issue will be used to augment the bank's tier-1 capital (primarily loans or advances and investment portfolio) to meet future capital requirements. DP HRS

ESAF Small Finance Bank expresses commitment for listing

<ul><li>From jewellery maker, Kalyan Jewellers to an Indian Government’s “Miniratna” RailTel Corporation, a whole range of companies are looking to get listed on Indian stock exchanges this year. </li><li>According to Geojit Financial Services, as many as 80 companies have approached SEBI to tap the primary market. </li><li>These are likely IPO candidates that may list this year. </li></ul>The IPO market seems to be piping hot in 2020 compared to the same time last year. Despite the pandemic and the economic slowdown, <a href="https://www.chittorgarh.com/ipo/ipo_list.asp?a=mainline">IPOs worth ₹179.8 billion</a> have already hit the market in the past ten months compared to ₹126.87 billion worth IPO in 2019. And as many as 80 companies have approached SEBI in the current fiscal year to get the necessary approvals for IPOs, according to Geojit Financial Services. The recent IPO bonanza made a lot of money for investors. Jyoti Roy, equity strategist at Angel Broking believes that is because “the investors have been willing to invest in companies with good businesses and reasonable valuations.” <div type="image" title="IPO data" msid="78634632" hostid="261"></div> The IPO bonanza may not have ended yet. From jewellery maker, Kalyan Jewellers to an Indian Government’s “Miniratna” RailTel Corporation, a whole range of companies are looking to get listed on Indian stock exchanges this year. Let’s take a look at some of the upcoming IPOs scheduled this year: Equitas Small Finance Bank The Chennai-based microfinance lender, Equitas Small Finance Bank (SFB), is looking to raise ₹532 crore from the IPO. The initial public offering will open on October 20 and will remain open till October 22. The company has appointed JM Financial, Edelweiss Financial Services, and IIFL Securities as its book running lead managers to the issue. RailTel’s ₹700 crore initial public offering The state-owned RailTel Corporation has filed a Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an initial public offer of up to 8.66 crore equity shares. The company is likely to raise ₹700 crore through the IPO, a complete offer for sale by the Central government. It has appointed ICICI Securities, IDBI Capital, SBI Capital Markets as the book running lead managers to the issue. ESAF Small Finance Bank The Kerala-based ESAF Small Finance Bank had filed DRHP in January and subsequently got the approval from SEBI at the end of March. However, the bank delayed its initial public offering due to the volatile market conditions and said it would take a call on ₹976-crore initial public offering (IPO) after September. The ₹976-crore IPO of ESAF Small Finance Bank will comprise a fresh issue worth ₹800 crore and an offer for sale (OFS) aggregating up to ₹176.2 crore. Kalyan Jewellers Kerala based Jewellery maker, Kalyan Jewellers, is also expected to launch a ₹1,750 crore initial public offering (IPO) in <a href="http://www.marketsguruji.com/upcoming-ipos-in-india/">November</a>. The ₹1,750 crore IPO will be the largest in its sector. The issue will consist of a fresh fundraise of ₹1,000 crore and offer of sale by promoter TS Kalyanaraman and private equity firm Warburg Pincus of ₹750 crore. Burger King One of India'sIndia's fastest-growing food chains, Burger King, is also in line to raise as much as ₹1,000 crore by initial public offering. The firm aims to utilise the funds to double the number of restaurants by 2025, where it currently operates 216 in India, as per its DRHP. Burger King IPO is also likely to hit the market in November this year. Bajaj Energy The ₹5,450 crore IPO of Uttar Pradesh-based, one of the largest private-sector thermal generation companies, Bajaj Energy, is expected to hit the market by the end of this year. The IPO comprises fresh issuance of shares aggregating up to ₹5,150 crore and an offer for sale of scrips up to ₹300 crore by the promoter Bajaj Power Ventures, according to its DRHP. Some of the companies coming up with IPOs include MilkBasket, Lodha Developers, Anand Rathi Wealth Management, Barbeque Nation, NSE, Indian Railways Finance Corporation, among others. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/mazagon-dock-shipbuilders-shares-list-at-49-premium-over-the-issue-price/articleshow/78613450.cms" data-type="tilCustomLink">Mazagon Dock Shipbuilders shares list at 49% premium over the issue price</a> <a href="https://www.businessinsider.in/stock-market/news/tepid-debut-for-uti-amcshares-list-at-12-discount-over-the-issue-price/articleshow/78613719.cms" data-type="tilCustomLink">Tepid debut for UTI AMC—shares list at 12% discount over the issue price</a>

IPOs have raked in nearly $180 billion so far in 2020 — Here’s a look at some other companies that may go public this year

Bob <keyword id="119090" type="General" weightage="50" keywordseo="iger" source="Orion">Iger</keyword>, CEO of Disney, has said that they would like to stay in the Indian market, as Disney+ <keyword id="2739840" type="General" weightage="100" keywordseo="hotstar" source="Orion">Hotstar</keyword> lost 2.8 million subscribers in the quarter ending September 30. Disney+ Hotstar had 37.6 million subscribers in Q3, down from 40.4 million subscribers in Q2 in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> this year. In interacting with analysts after the quarterly results late on Wednesday, Iger said that In India, "our linear business actually does quite well". "Yes, it's making money. But we know that other parts of that business are challenged for us and for others. And we are looking, I'll call it expensively," he told analysts. "I know I've said this before, it always gets me in trouble. But we're considering our options there. We have an opportunity to strengthen our hand. It is now maybe the most populous country in the world or maybe just still second to China and about to pass them," Iger told analysts. He said that the company would like to stay in the Indian market. "But we're also looking to see whether we can strengthen our hand and obviously, improve the bottom line. In terms of advertising, we are actually finding that linear is a little bit stronger than we had expected it would be. It's not back as much as we would like," he added. "It's still a challenge, but it's not as bad as it had been. So, we've seen some slight improvement. Actually, the tech sector is still somewhat weak. But in general, overall, advertising has improved," the CEO noted. With streaming of the 2023 ICC Men's Cricket World Cup, Disney+ Hotstar is set to have more subscribers in the ongoing festive quarter in India. Globally, revenues for the quarter and year grew 5 per cent and 7 per cent for The <keyword id="149163" type="General" weightage="50" keywordseo="walt-disney-company" source="Orion">Walt Disney Company</keyword>. Disney+ added nearly 7 million core subscribers in the quarter. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/multilingual-global-office-calls-might-soon-become-easier-with-ai-live-translate-call/articleshow/105087029.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/multilingual-global-office-calls-might-soon-become-easier-with-ai-live-translate-call/articleshow/105087029.cms" target="_blank">Multilingual global office calls might soon become easier with AI Live Translate Call</a><a href="https://www.businessinsider.in/stock-market/news/esaf-small-finance-bank-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/105065641.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/esaf-small-finance-bank-ipo-how-to-check-allotment-status-and-gmp-value/articleshow/105065641.cms" target="_blank">ESAF Small Finance Bank IPO allotment – how to check allotment, GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/what-is-samsungs-bixby-call-features-and-how-it-works/articleshow/105033482.cms">Samsung’s Bixby offers to answer calls for you – here’s how it works</a>

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Kerala-based ESAF Small Finance Bank looks to raise ₹998 crore through IPO

IANS

ESAF Small Finance Bank files Rs 976-cr IPO papers with Sebi

PTI

ESAF Small Finance Bank expresses commitment for listing

PTI

IPOs have raked in nearly $180 billion so far in 2020 — Here’s a look at some other companies that may go public this year

Navdeep Yadav

Disney+ Hotstar loses 2.8 million subscribers in India, CEO says will stay in country

IANS

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