IIFL Securities Ltd
Initial public offer of up to [*] 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. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. 997.78 Crores (the offer) comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 800.00 Crores (the fresh issue) and an offer for sale of up to [*] equity shares aggregating up to Rs. 197.78 Crores (the offer for sale), comprising up to [*] equity shares aggregating up to Rs. 150.00 Crores by the promoter selling shareholder (as defined hereunder), and up to [*] equity shares aggregating up to Rs. 21.33 Crores by Pnb Metlife India Insurance Company Limited, up to [*] equity shares aggregati ng up to Rs. 17.46 Crores by Bajaj Allianz Life Insurance Company Limited, up to [*] equity shares aggregating up to Rs. 8.73 Crores by PI Ventures LLP and up to [*] equity shares aggregating up to Rs. 0.26 Crores by John Chakola (collectively referred to as the selling shareholders, and such equity shares the offered shares).The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] Crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (Employee reservation portion). The offer less the employee reservation portion is hereinafter referred to as the Net offer. The bank and the promoter selling shareholder may, in consultation with the book running lead managers, offer a discount of up to Rs. [*] of the offer price to eligible employees bidding in the employee reservation portion (employee discount). The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post -offer paid-up equity share capital of the bank). The employee reservation portion shall not exceed 5.00% of the post-offer paid-up equity share capital.The Face Value of Equity Shares is Rs.10 each. The Price Band will be decided by the Company.
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