Equitas Small Finance Bank IPO Details

Get Equitas Small Finance Bank IPO details, Price, Date, Subscription, Allotment, Grey Market Premium GMP, Listing Date, Review and News

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Equitas Small Finance Bank IPO

Equitas Small Finance Bank, the subsidiary of Equitas Holdings, may be launching its public issue on October 20 as per the speculations still the dates are not confirmed.

The company in consultation with merchant bankers might have fixed a price band at Rs 34-35 per share and the closing date for issue could be October 22, sources told.

Recently, many companies have launched IPOs in a primarymarket. These IPOs have also been very successful. This round of IPO is going to continue. Equitas Small Finance Bank may also launch its IPO soon. Equitas Small Finance Bank is a subsidiary of Equitas Holdings. The bank may launch its IPO on 20 October. If that happens, it will be the 12th IPO of this year.

As per the additional information to its DRHP filed with Sebi last month, the public issue consists of a fresh issue of 8 crore equity shares and an offer for sale of 7.2 crore equity shares.

Considering the upper price band, the total issue size could be Rs 532 crore (fresh issue of Rs 280 crore and offer for sale of Rs 252 crore).

Equitas Small Finance Bank IPO

Equitas Small Finance Bank, the subsidiary of Equitas Holdings, may be launching its public issue on October 20 as per the speculations still the dates are not confirmed.

Equitas Small Finance Bank IPO DRHP

As per the additional information to its DRHP filed with Sebi last month, the public issue consists of a fresh issue of 8 crore equity shares and an offer for sale of 7.2 crore equity shares.

Considering the upper price band, the total issue size could be Rs 532 crore (fresh issue of Rs 280 crore and offer for sale of Rs 252 crore).

Check here Equitas Small Finance Bank IPO date, IPO offer price, lot size, subscription, Likhitha Infrastructure IPO allotment and listings date, grey market price and other details like the company’s background and more.

Equitas Small Finance Bank IPO

Equitas Small Finance Bank IPO Details

Subscription Dates20 to 22 October 2020
Price Band ₹34 – ₹35 Per Share
Fresh issueINR550 crore
Offer For Sale72,000,000 Shares
Total IPO sizeApprox ₹280 Crore (Approx)
Minimum bid (lot size)Minimum 428 Shares & Maximum 5564 Shares
Face Value ₹10 Per Equity Share
Lot AmountMinimum Amount: ₹14,980 Maximum Amount: ₹1,94,740
Retail Allocation35%
Listing OnNSE, BSE
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Equitas Small Finance Bank IPO Tentative Date

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Bid/Offer Launch date20 October 2020
Bid/Offer Last date22 October 2020
Basis of Allotment finalization date27 October 2020
Initiation of Refunds28 October 2020
Credit of Shares to Demat Acct29 October 2020
IPO Shares Listing Date30 October 2020

Equitas Small Finance Bank Information

Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. After receiving license from the Reserve Bank of India on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. 

Equitas Small Finance Bank Promoters and Management

Equitas Holdings Limited is the promoter of the company.

Equitas Small Finance Bank IPO Issue Size

Likhitha Infrastructure IPO consisting of a fresh issue of up to 51,00,000 equity shares, representing 25.86% of the post-issue shareholding, is expected to raise up to ₹61.2 crore.

Equitas Small Finance Bank IPO Objectives

The proceeds of ipo will be utilised by the company towards augmenting the Bank’s Tier I capital base to meet the future capital requirement.

Equitas Small Finance Bank IPO Dates

Equitas Small Finance Bank, the subsidiary of Equitas Holdings, may be launching its public issue on October 20 and closed on October 22 as per the speculations still the dates are not confirmed.

Equitas Small Finance Bank IPO Price Band

The company in consultation with merchant bankers might have fixed a price band at Rs 34-35 per share

Equitas Small Finance Bank IPO Lot Size Minimum and Maximum

Update soon

Equitas Small Finance Bank IPO Subscription Status

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Equitas Small Finance Bank IPO GMP (Grey Market Premium)

As per the market conditions we can expect a good GMP for Equitas Small Finance Bank IPO with 20% listing gain. The Equitas Bank IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

Equitas Small Finance Bank IPO Review:

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Equitas Small Finance Bank Financial

Equitas Bank’s financial performance (in INR crore)

 FY2017FY2018FY2019Q1 FY2020
Revenue1,212.71,772.92,394.81,365.9
Expenses1,108.61,741.12,184.31,259.4
Net income104.131.8210.6106.5
Net margin (%)8.61.88.87.8

The bank’s gross non-performing assets ratio improved to 2.68% at the end of June compared with 2.73% a year back. The company has provided Rs 45 crore in June quarter to cover Covid-related risk.

Microfinance and vehicle finance contribute 24% each to its outstanding loans of Rs 15367 crore with small business loans share at 41%. Corporate loans and others contribute the rest.

Equitas Small Finance Bank Stock Listed on NSE & BSE

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Equitas Small Finance Bank IPO BRLM

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Equitas Small Finance Bank IPO Allotment Status

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Registrar of Equitas Small Finance Bank IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:[email protected]
Website: www.kfintech.com

Equitas Small Finance Bank Contact Details

Equitas Small Finance Bank Limited
4th Floor, Phase II, Spencer Plaza 
No. 769, Mount Road, Anna Salai 
Chennai 600 002, Tamil Nadu
Phone: +91 44 4299 5000
Email: [email protected]
Website: www.equitasbank.com

Valuation of Equitas Bank (as of FY2019)

Earnings Per Share (EPS): INR2.09
Price/Earnings (PE ratio): To be updated 
Return on Net Worth (RONW): 9.40%
Net Asset Value (NAV): INR22.28 per share

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