Equitas Small Finance Bank IPO Date, Equitas Small Finance Bank IPO Review, Equitas Small Finance Bank Price Band, & Equitas Small Finance Bank Market Lot Details
Equitas Small Finance Bank, the subsidiary of Equitas Holdings Ltd., has fixed issue price band between Rs.32 to Rs.33 per shares for its forthcoming initial public offering (IPO).
The IPO to open on October 20, 2020, Tuesday for QIB, NII, and Retail Investors, and The IPO will close on 22nd October 2020. The issue for anchor invetors will open for a day on October 19, Monday. a day before the IPO issue opening for public. One can bid for a minimum of 450 equity shares and maximum of 5850 Shares. and the investors portion for Equitas Small Finance Bank IPO is QIB-50per cent, NII-15per cent, and Retail-35per cent.
The public issue consists a fresh issue of Rs.280crore and an offer for sale(OFS) of 7.2 crore equity shares by Equitas Holdings Ltd. (which valued at Rs.237.6 crore at upper price band), hence the total issue size stood at Rs.517.6 crore, The offer includes reservation of Rs 51 crore worth of shares for eligible shareholders of Equitas Holdings Ltd. and Rs.1crore shares for eligible employees of Equitas Small Finance Bank.
Equitas Small Finance Bank IPO Date, Price Band, & Market Lot
| IPO Open: | October 20, 2020 |
| IPO Close: | October 22, 2020 |
| IPO Size: | ₹517.60 Crore (Approx) |
| Price Band: | ₹32 – ₹33 Per Share |
| Face Value: | ₹10 Per Equity Share |
| Lot Size: | Minimum 450 Shares & Maximum 5850 Shares |
| Listing on: | NSE & BSE |
| Retail: | 35% |
| Minimum Amount: | ₹14,850 |
| Maximum Amount: | ₹1,93,050 |
| Equity: | 72,000,000 Shares |
Equitas Small Finance Bank IPO Allotment & Listing Date:
| Basis of Allotment: | October 27, 2020 |
| Refunds: | October 28, 2020 |
| Credit to Demat Account: | October 29, 2020 |
| Listing Date: | November 02, 2020 |
Equitas Small Finance Bank Financial:
| 30-Jun-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 208,921.39 | 193,145.47 | 157,626.91 | 133,011.50 |
| Total Revenue | 7,509.68 | 29,277.95 | 23,948.32 | 17,729.03 |
| Profit After Tax | 576.71 | 2,436.35 | 2,105.66 | 318.31 |
Company Promoters:
- Equitas Holdings Limited.
Equitas Small Finance Bank IPO Review:
Equitas Small Finance Bank Ltd. is one of the largest Small Finance Bank in India in terms of number of banking outlets and the second largest Small Finance Bank in India in terms of asset under management, and total deposits in Fiscal 2019. It has been able to successfully diversify loan portfolio and ESFL offers a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Investors may consider investment for For Short Term and Long Term Gain. (Apply in this IPO with a 5-8 years time frame.)
Profile:- Equitas Small Finance Bank Ltd.
Sector:- Finance
Equitas Small Finance Bank Ltd. is one of the largest Small Finance Bank in India in terms of number of banking outlets and the second largest Small Finance Bank in India in terms of asset under management, and total deposits in Fiscal 2019. Equitas Small Finance Bank Ltd. offers a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. It has been able to successfully diversify loan portfolio and significantly reduce its dependence on microfinance business as compared to other microfinance companies that have converted to Small Finance Banks.
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