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Anand Rathi, BP Equities (BP Wealth), DALAL & BROACHA STOCK BROKING PVT, Dilip Davda, Geojit Securities Ltd, Hem Securities, IDBI Capital, Indsec Securities, LKP Securities Ltd, Motilal Oswal, Nirmal Bang, SBICAP Securities Limited, Stoxbox by BP Equities Pvt Ltd, Sushil Finance Ltd and Swastika Investmart Ltd have given "Apply" recommendation to ESAF Small Finance Bank IPO. Capital Market has given "May Apply" recommendation to ESAF Small Finance Bank IPO. Religare Broking Limited has "Neutral" view about the IPO. Axis Capital, HDFC Securities Limited, JM Financial Institutional Securities and Ventura Securities Limited have "Not Rated" the IPO.
| Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
|---|---|---|---|---|---|
| Count | 15 | 1 | 1 | 0 | 4 |
| % | 71.43 | 4.76 | 4.76 | 0.00 | 19.05 |
| Reviewer | Recommendation | Past Reviews |
|---|---|---|
Anand Rathi |
Apply |  |
| Axis Capital |
Not Rated | |
| BP Equities (BP Wealth) |
Apply | |
| Capital Market |
May Apply | |
| DALAL & BROACHA STOCK BROKING PVT |
Apply | |
| Dilip Davda | Apply | |
| Geojit Securities Ltd |
Apply | |
| HDFC Securities Limited |
Not Rated | |
| Hem Securities |
Apply | |
| IDBI Capital |
Apply | |
| Indsec Securities |
Apply | |
| JM Financial Institutional Securities |
Not Rated | |
| LKP Securities Ltd |
Apply | |
| Motilal Oswal |
Apply | |
| Nirmal Bang |
Apply | |
| Religare Broking Limited |
Neutral | |
| SBICAP Securities Limited |
Apply | |
| Stoxbox by BP Equities Pvt Ltd |
Apply | |
| Sushil Finance Ltd |
Apply | |
| Swastika Investmart Ltd |
Apply | |
| Ventura Securities Limited |
Not Rated | |
The Captial Market (CapitalMarket.com) rating for ESAF Small Finance Bank IPO is 45. Their analysis recommends May subscribe for the IPO.
| Reviewer | Rating Score | Rating |
|---|---|---|
| Capital Market | 45 | May subscribe |
[Dilip Davda] ESFBL has posted growth in its top and bottom lines and continues to enjoy its south centric fancy. Based on annualized FY24 earnings, the issue appears attractively priced. With this equity float, the company will be free for expansion of branches and relaxed regulations. Investors may consider parking of funds for the medium to long-term rewards. Read detail review...
ESAF Small Finance Bank Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)
| Company Name | EPS (Rs) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | |
|---|---|---|---|---|---|
| EPS Basic | EPS Diluted | ||||
| ESAF Small Finance Bank Limited | 6.73 | 6.73 | 38.03 | 17.69 | |
| Suryoday Small Finance Bank Limited | 7.32 | 7.32 | 149.28 | 22.12 | 4.90 |
| CreditAccess Grameen Limited | 52.04 | 51.82 | 326.89 | 26.81 | 16.18 |
| Spandana Sphoorty Financial Limited | 1.74 | 1.74 | 436.58 | 471.38 | 0.40 |
| Bandhan Bank Limited | 13.62 | 13.62 | 121.58 | 16.55 | 11.21 |
| Ujjivan Small Finance Bank Limited | 5.88 | 5.87 | 21.27 | 9.81 | 26.45 |
| Equitas Small Finance Bank Limited | 4.71 | 4.67 | 46.44 | 21.51 | 11.12 |
Notes:
i All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports/ financial results as available of the respective company for the year ended March 31, 2023 submitted to stock exchanges.
ii P/E ratio is calculated as closing share price (July 5, 2023 - BSE) / Basic EPS for the year ended March 31, 2023.
iii Basic and diluted EPS as reported in the relevant financial results of the respective company for the year ended March 31, 2023.
iv Return on net worth (%) = Net profit/(loss) after tax / Net worth at the end of the year.
v Net asset value per share (in ₹) = Net worth at the end of the year / Total number of equity shares outstanding at the end of the year.
ESAF Small Finance Bank IPO Reviews, analysis and views by popular members. Read ESAF Small Finance Bank Limited IPO reviews by retail investors to find recommended ipo to buy.
Post Recommendation Manage Your IPO Reviews
| Review By | Apply | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Count | 5 | 1 | 0 | 0 |
| % | 83.33 | 16.67 | 0.00 | 0.00 |
| Member | Review |
|---|---|
| hoxin |
Apply for Short Term at Cut-off Price Company fundamentals are very good, profit rising YOY, diwali and christmas, all positive. seems a good return on short term. November 7, 2023 6:46:30 AM |
| goutam |
Apply for Long Term at Cut-off Price Investor November 7, 2023 11:11:04 AM |
Diligent IPO Learner  IPO Mentor (600+ Posts, 300+ Likes) |
Apply for Listing Gain at Upper Price Band Excellent valuations. Once listed at high premiums, can be sold off. Minimum listing gain (to be comparable to peers), keeping in mind the valuations is 50%-60%
|
| Crow IPO Mentor (900+ Posts, 1100+ Likes) |
May Apply for Listing Gain at Cut-off Price Not a fan of the sector but this one is coming at the right time with the right price. Exit on listing. November 6, 2023 1:08:13 PM |
B.M.SURANA  IPO Guru (2700+ Posts, 5300+ Likes) |
Apply for Listing Gain at Cut-off Price Apply for listing gain
|
| Ankush Yadav |
Apply for Listing Gain at Upper Price Band As financial, fundamental and Anchor investors list are good. Also GMP is also good. It seems to give a listing gain. November 4, 2023 10:48:38 AM |
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