According to market analysts, the company s shares are trading with a premium of 22% in the unlisted market. Analysts advised investors to subscribe to the issue given the company s superlative return ratios in the last few years.
Under the OFS, promoter selling shareholder ESAF Financial Holdings will offload a stake worth Rs 49 crore and other selling shareholders PNB MetLife and Bajaj Allianz Life make up for the remaining OFS portion.
ESAF SFB is a small banking lender and its asset products include micro loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. Between FY21-23, the Bank s assets under management (AUM) grew to Rs 16,331, with a CAGR of 39.22%, the highest among their peers according to the CRISIL report.