ESAF Small Finance Bank IPO vs Flair Writing IPO

Comparision between ESAF Small Finance Bank IPO and Flair Writing IPO.

IPO Details

ESAF Small Finance Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Flair Writing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ESAF Small Finance Bank IPO	Flair Writing IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management Limited	Nuvama Wealth Management Limited Axis Capital Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ESAF Small Finance Bank IPO is up to ₹463.00 Cr whereas the issue size of the Flair Writing IPO is up to ₹593.00 Cr. The final issue price of ESAF Small Finance Bank IPO is ₹60.00 per share and of Flair Writing IPO is ₹304.00 per share.

	ESAF Small Finance Bank IPO	Flair Writing IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹57.00 per share	₹288.00 per share
Issue Price (Upper)	₹60.00 per share	₹304.00 per share
Issue Price (Final)	₹60.00 per share	₹304.00 per share
Discount (Retail)
Discount (Employee)	₹5.00 per share
Market Lot Size	250 shares	49 shares
Fresh Issue Size	6,51,16,667 shares	96,05,263 shares
Fresh Issue Size (Amount)	up to ₹390.70 Cr	up to ₹292.00 Cr
OFS Issue Size	1,20,50,000 shares	99,01,315 shares
OFS Issue Size (Amount)	up to ₹72.30 Cr	up to ₹301.00 Cr
Issue Size Total	7,71,66,667 shares	1,95,06,578 shares
Issue Size Total (Amount)	up to ₹463.00 Cr	up to ₹593.00 Cr

IPO Timetable

ESAF Small Finance Bank IPO opens on Nov 03, 2023, while Flair Writing IPO opens on Nov 22, 2023. The closing date of ESAF Small Finance Bank IPO and Flair Writing IPO is Nov 07, 2023, and Nov 24, 2023, respectively.

	ESAF Small Finance Bank IPO	Flair Writing IPO
Anchor Bid Date	Nov 02, 2023	Nov 21, 2023
Issue Open	Nov 03, 2023	Nov 22, 2023
Issue Close	Nov 07, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 08, 2023	Nov 29, 2023
Initiation of Refunds (Tentative)	Nov 08, 2023	Nov 30, 2023
Credit of Share (Tentative)	Nov 09, 2023	Nov 30, 2023
Listing date (Tentative)	Nov 10, 2023	Dec 01, 2023
Anchor Lockin End date 1	Dec 08, 2023	Dec 29, 2023
Anchor Lockin End date 2	Feb 06, 2024	Feb 27, 2024

Financials

ESAF Small Finance Bank IPO P/E ratio is 8.94, as compared to Flair Writing IPO P/E ratio of 23.36.

ESAF Small Finance Bank IPO

Flair Writing IPO

Financial

ESAF Small Finance Bank Limited Financial Information (Restated)

ESAF Small Finance Bank Limited's revenue increased by 46.29% and profit after tax (PAT) rose by 452.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,795.94	20,223.66	17,707.56	12,338.65
Revenue	991.78	3,141.57	2,147.51	1,768.42
Profit After Tax	129.96	302.33	54.73	105.40
Net Worth	1,839.09	1,709.13	1,406.80	1,352.06
Reserves and Surplus	1,389.62	1,259.66	957.32	902.59
Total Borrowing	2,739.13	3,354.20	2,952.83	1,694.00
Amount in ₹ Crore

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

74.43%

97.49%

Promoter Shareholding (Post-Issue)

59.74%

79.21%

P/E Ratio

8.94

23.36

Market Cap

₹3087.54 Cr.

₹3204.00 Cr.

ROE

31.17%%

ROCE

31.24%%

Debt/Equity

0.26

EPS

₹6.73

₹12.33

RoNW

17.69%%

31.17%%

Shares Offered

In the ESAF Small Finance Bank IPO retail investors (RII) are offered 2,62,79,167 shares while in Flair Writing IPO retail investors are offered 2,62,79,167 shares. Qualified institutional buyers (QIB) are offered 1,50,16,669 shares in ESAF Small Finance Bank IPO and 39,01,316 shares in Flair Writing IPO.

	ESAF Small Finance Bank IPO	Flair Writing IPO
Anchor Investor Reserveration	2,25,24,998 shares	58,51,972 shares
Market Maker Reserveration
QIB	1,50,16,669 shares	39,01,316 shares
NII	1,12,62,500 shares	29,25,987 shares
RII	2,62,79,167 shares	68,27,302 shares
Employee	22,83,653 shares	0 shares
Others
Total	5,48,41,989 shares	1,36,54,605 shares

Bids Received (Subscription)

ESAF Small Finance Bank IPO subscribed 77.00x in total, whereas Flair Writing IPO subscribed 49.28x.

	ESAF Small Finance Bank IPO	Flair Writing IPO
QIB (times)	182.66x	122.02x
NII (times)	88.81x	35.23x
Big NII (times)	96.51x	36.53x
Small NII (times)	73.41x	32.61x
RII (times)	17.86x	13.73x
Employee (times)	4.59x
Other (times)
Total (times)	77.00x	49.28x

Compare with others

ESAF Small Finance Bank IPO	Flair Writing IPO
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IRM Energy IPO	ESAF Small Finance Bank IPO

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