ESAF Small Finance Bank’s Initial Public Offering


Khaitan & Co advised the book running lead managers in the deal.

ESAF Small Finance Bank is one of the leading small finance banks in terms of yield on advances, AUM growth rate and share of retail deposits.

Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited and IIFL Securities Limited acted as book running lead managers in the deal.

The Khaitan team was composed by Partner Thomas George (Picture), Nagashayana Srinivasaiah (Senior Associate), Suman Prabhu (Associate), Prathiksha Panduranga (Associate) and Adithyan Sreekumar (Associate).

Involved fees earner: Thomas George – Khaitan & Co.; Prathiksha Panduranga – Khaitan & Co.; Suman Prabhu – Khaitan & Co.; Adithyan Sreekumar – Khaitan & Co.; Nagashayana Srinivasaiah – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Axis Capital Holdings Ltd.; Edelweiss Financial Services Ltd.; ICICI Securities Ltd.; IIFL Securities Ltd;

Author: Michael Patrini