IPO

ESAF Small Finance Bank Ltd

Registered Office : Bldg. # VII/83/8 ESAF Bhavan,Tri-Palakkad N.Hiway. Mannuthy,Trissur Kerala 680651 Phone : +91 487 7123 907
Fax :

Email : investor.relations@esafbank.com

Website : www.esafbank.com

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