ESAF Small Finance Bank IPO Review & Recommendations

ESAF Small Finance Bank IPO Peer Comparison

ESAF Small Finance Bank Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

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.