ET Intelligence Group: Kerala-based ESAF Small Finance Bank (SFB) plans to raise Rs 390.7 crore through an issue of fresh equity to augment the capital base and Rs 72.3 crore through an offer for sale. The promoter group’s stake will fall to 63.5% after the IPO from 74.4%. The company focuses on customers in rural and semi-urban areas which contribute nearly two-thirds to the loan book. After taking a hit during the Covid-19 pandemic, the bank’s