ESAF Small Finance Bank Limited IPO Message Board (Page 22)

Will the fund from EASF would be available for ask automotive?
Since both are managed by link intime?

​@GuptaG yes sure the funds will be available 08 nov midnight as now a days allotment is done next day midnight after closing day.

Key parameters comparison between ESAF SFB and other SFB

Thanks YBPK. Just a querry though if you can help:

The banks having higher CASA are normally expected to have better NIMS...as all SFB's might be lending at nearly same rate. isn't it?

Valuations Metrics Of ESAF :

M.cap Post-issue : 3088 cr
PAT FY 23 : 302.3 cr
PE : 10.21

FY 24 TTM Basis :
PAT - 519.5 cr
PE - 5.94

FY 24 Expected Earnings as per my Expectations :
Revenue - 4300 cr
PAT - 560 cr
PE - 5.51

Also Keep One very Interesting Thing in Mind that ESAF SFB Keeps its Provisioning at much higher rate than Notified by RBI
It's Provisioning is highest in the SFB industry
So It's PAT is much higher than what it is visible

To be Very Honest It's a 6000 cr Company which is coming at a Valuation of 3100 cr

The Fair Price Per share On EPS of FY24 is :
EPS Fe FY24 - 10.88 /-
So Fair Price at A PE of 10.5 on Current Metrics comes at Rs.114

If The Provisions are reduces it will cross 130
But we are not interested is " Ye Hoga to Woh Hoga " , we are interested in what's kept on the table to Grab Upon 😉

If everyone remembers I had suggested to apply in Utkarsh SFB for ONLY LISTING GAINS. And you know the rest story

Here I would recommend to Subscribe for Good Listing Gains
GMP Suggests around 30-35% gains but I am expecting 40%
Then Book Maximum And Then Enter the stock on Dips again at a Level of around 75 and Hold for 115

Only 3 Concerning points which are not big but do exist

1.It has to Pay Royalty Of 0.3% of revenue to a NPO For next 12 more years
Which is around 15 cr in FY24 , around 3% of Net Profit

2 .72% app. Revenue from South India and 45% in Kerala . Just to state but nothing serious

3.75.5% Of its portfolio comprises Unsecured Loans but Yes they have a Vast experience of 35 years and good collection Positioning

I wouldn't list Positives it would go beyond 10

But If anyone is interested in Allotment and Happy with 20-25% listing gains then Protean and ASK would be a great option
Also You could buy ESAF in Normal Market post listing

Hope this Helps

Happy investing 😀

Again perfect and detailed analysis sir
Really appreciate your effort
Thanks a lot

Already applied FF, i.e. 4 bhni.
But @newgen consultancy sir, this helps as usual. You and many others on CG are the unofficial investment advisors and guide for many of us. Continue the good work.

Abhi isme koi demand hi nahi he Aisa kyu??

​@Koradiya bro still you are getting much more return on it compare to available main board IPO's. So apply with FF.

Hni fix rates

Hni fix rate

SAR Televenture SME IPO Allotment out on Skyline site
https://skylinerta.com/ipo.php

Would list around 30% premium
Don’t worry about falling premium.

Can esaf money be used for ask automotive?

Ofcource 101%

As ESAF will be last day tomorrow i.e. 07 nov, as usual we can get allotment by 08 nov 11pm, shares credited 09 nov, so listing possible on 10 November Friday??

Correct

Shall we apply with different bank account
other than a registered one with DP, but both linked
to same PAN.

Yes you can apply from any bank account till the time PAN number is same between Bank and Demat account...

Yes

Evangelical Social Action Forum.

Today's subscription figures till now is very interesting. No doubt a medium size IPO. From all categories of investors subscription on a good side. One more day is left. GMP in CG is going bit down in good market conditions. Not bad, about 30%. Financials not bad. Sector is difficult one. For listing gains, there may not be any doubt. Medium to long-term after listing and market conditions. No need to hurry.
Allotment will be difficult in sHNI. Better chances in Retail but who cares to apply in Retail? Funds are in account then why not sHNI. Investors don't believe in "SOMETHING IS BETTER THAN NOTHING".
I am applying in Retail and sHNI.

What will be a better choice? sHNI or bHNI?

​@keyur r always BHNI for allotment

Thank you members for your kind reply.

Gmp 20 se 17.

Esaf or Protean? If want to apply only in one then which has better chances of allotment with decent listing gain. Pls suggest.

Esaf

Allotment wise Protean, gains and future outlook wise ESAF.

Hi Everyone,

1st Question:Wanted to understand the allotment logic in bHNI.

2nd Question: Which one is preferred?
1. 2 sHNI
2. 1 bHNI & 1 sHNI

3rd Question: How many lots to apply in bHNI, would applying to >67 lots makes sense, or should I stick to 67 lots only?

bHNI would always be preferred so option 2 is better for sure. > 67 lots makes sense only if bHNI is undersubscribed else whether you make a 10 lakhs application or a 50 lakhs application, it will make no difference to your chances

GMP : 18-19

Crow Verdict: I'm not a fan of the sector nor do I dig the unsecured loans market, which is growing at a break-neck speed and may fall soon to break necks and beaks. Not to mention Kerala businesses are fraught with issues and I do not invest in them. However, ESAF has priced the IPO attractively and I see good listing gains on Nov 9. I will apply for listing gains and forget because allotment will be tough.

Crow's skin in the game: 3 retail applications regardless of QIB.

Crow's last APPLY recommendation: Cello World (28% listing pop and currently up 23%).

All category kostak rate??