equitas small finance bank listing date

Lets see how it will perform on listing day. Investors will look at the QIB and HNI numbers and then retail will be on the charge. 52 per share. This shows the market is not willing to give good value to Equitas SFB. ADDRESS: MARBLE ARCH, 2ND FLOOR, OFFICE 201, 236B, A J C BOSE ROAD, KOLKATA- 700020; In case of any grievances, please leave us an email Covering all things personal finance, I strive to make complicated financial concepts snackable and novice-friendly. Check out Equitas Small Finance Bank IPO grey market premium, Kostak rates, and subject to sauda rates as of today. As per RBI regulations, they have to reduce it to 40% before Sept-2021. The shares of Equitas were listed on stock exchanges NSE and BSE with effect from Nov. 2, 2020. Listing Performance of … Equitas Holding is a listed entity while RBI has also directed it to list Equitas Small Finance Bank as per the bank licensing agreement. CORRESPONDENCE OFFICE: 101 & 102, It has been brought to the notice of SEBI by Central Economic Intelligence Bureau, You can get in touch with us at narnoliacare@narnolia.com KNOWLEDGE TRAINING CENTRE PRIVATE LIMITED–ROC: CIN- U65999WB2003PTC097104| NARNOLIA Equitas Small Finance Bank IPO Market Lot:. Pay 20% upfront margin of the transaction value to trade in cash market The continuing impacts of COVID-19 are highly unpredictable and could be significant, and may have an adverse effect on the bank’s business, operations, and future financial performance. Equitas Small Finance Bank IPO Time Line. At A Glance, Partner Banking companies in India, are currently required to prepare financial statements as per Indian GAAP. Effective Communication  ii. Equitas Small Finance Bank is one of the largest small finance banks in India with diversified asset portfolio. The bank is subject to stringent regulatory requirements and prudential norms and its inability to comply with such laws, regulations and norms may have an adverse effect on its business, results of operations, financial condition and cash flows. SENSEX 40375.31-250.20 (-0.62) NIFTY 11850.45-84.05 (-0.70) INDIA VIX 20.850.14 (0.65) NIFTYMIDCAP 16835.65-77.50 (-0.46) BANKNIFTY 23264.55-227.65 (-0.97) USDINR 73.440.07 (0.10) Sign In. Funds, Fundamental their bogus firms by promising huge profits. The business of Equitas SFB is vulnerable to interest rate risk, and any volatility in interest rates or inability to manage interest rate risk could adversely affect its net interest margins, income from treasury operations, business, financial condition, results of operations and cash flows. Equitas Small Finance Bank's IPO comprises fresh issue of 85 million shares and offer for sale of 72 million shares mainly to meet the RBI’s listing norms. Equitas Small Finance Bank made a weak debut at the bourses as shares of the company listed at Rs 31, 6 per cent lower against the issue price of Rs 33 per share on the BSE on Monday. The shares … Equitas Small Finance Bank Ltd. The company’s listing date is expected to be November 2. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. Register on SEBI SCORES |  b. PHONE NO. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The public issue of Equitas Small Finance Bank IPO was opened on Oct 20, 2020 and closed for subscription on Oct 22, 2020. 1st Floor, Proms Complex, SBI Colony, 1A Koramangala, 560034. 769, Anna Salai, Chennai - 600 002. The initial public offering (IPO) of Equitas Small Finance Bank (SFB) opened today, with the company planning to raise Rs 280 crore through a fresh issue and sell 7.2 crore existing shares for a total issue size pegged at Rs 510-518 crore. Basis of Allotment: 27 October 2020 Refunds: 28 October 2020 Credit to Demat accounts: 29 October 2020 Listing: 02 November 2020 Read Also at: ig@narnolia.com, Filing of complaints on SEBI SCORES Website - Easy & Quick. Equitas Small Finance Bank is one of the largest small finance banks in India with diversified asset portfolio. For Equitas SFB, the due date was September 4, 2019. Equitas Small Finance Bank Ltd 3,756 1,495 244 1.4 9.7 24.1 15 1.4 AU Small Finance Bank Ltd 22,299 2,082 676 1.8 17.9 143.9 31.9 5.1 Ujjivan Small Finance Bank Ltd 5,348 1,633 350 2.1 14.6 17.2 19.5 1.9 Issue Details Date of Opening 20thOctober, 2020 Date of Closing 22thOctober, 2020 Total no. Equitas Small Finance Bank IPO: Here is how to check allotment status Investors can check the allotment status in five easy steps on the website of IPO's registrar KFin Technologies Private Limited. Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. Ltd. Select Equitas Small Finance Bank IPO and click on ‘Apply’. Our Bank was included in the second schedule to the RBI Act pursuant to a notification dated December 23, 2016 issued by the RBI and published in the Gazette of India dated February 4 – February 10, 2017. DISCLAIMER. who are already into trading either in NSE / BSE and send them bulk messages on Equitas Holdings Ltd, the small finance bank’s parent, had last year sought an extension from the RBI to list the lender. The share allocation in Equitas Small Finance Bank IPO is likely to get finalised on October 27. You can check Equitas Small Finance Bank allotment with the given options below. Equitas Small Finance Bank IPO Market Lot:. Benefits:  i. Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Maximum Amount: ₹1,94,740 Equitas Small Finance Bank IPO Allotment & Listing:. Back Office, India As per the GMP came down from 10-15 level to 2-3 it shows the less interest in grey market but still the things will be settle on the last day. Overview of Equitas Small Finance Bank’s financials, 2. Continuing the momentum of IPO’s being launched in India, Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. The Equitas Small Finance Bank IPO open date is Oct 20, 2020, and the close date is Oct 22, 2020. DISCLAIMER. Equitas SFB focuses on individuals with limited access to formal financing channels due to the cash-based or informal nature of their income. New Delhi: Equitas Small Finance Bank (SFB) has launched an initial public offer (IPO) to raise Rs 280 crore through fresh issue of shares to boost its tier-I capital. The share price band of the ₹520 crore IPO has fixed at ₹32- ₹33 per equity share. Equitas Small Finance Bank's IPO comprises fresh issue of 85 million shares and offer for sale of 72 million shares mainly to m It is generating strong revenue and margin growth in the last 3 years. Its issue share price is also reasonably priced. Speedy redressal CHENNAI: The 518 crore initial public offer of Equitas Small Finance Bank (SFB) was subscribed at 1.94 times on its final day of bidding. Differences exist between Ind AS and Indian GAAP, which may be material to investors’ assessment of the bank’s financial condition. participant and receive OTP directly from depository on your email id and/or mobile Equitas Small Finance Bank shares witnessed subdued listing on November 2, opening at a Rs 31, a 6 percent discount compared to its issue price of Rs 33 per share. The listing of the banking subsidiary has been in compliance with requirements of guidelines of licensing of small finance bank by RBI, Equitas Holdings said in a filing last week. Let's see how it will come up. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. NARNOLIA FINANCIAL ADVISORS LTD (FORMERLY MICROSEC CAPITAL LTD.); REGISTERED OFFICE The subscription will remain open for investors from October 20 to October 22, 2020. Equitas Small Finance Bank IPO News: Equitas Small Finance Bank Limited will open the initial public offer (IPO) of equity shares of face value of Rs. of … That means massive dilution on cards. NARNOLIA COMMODITIES BROKERS PRIVATE LIMITED–ROC-CIN-U74999WB2011PTC165528| NARNOLIA The listing of the bank is also in line with terms of the RBI in-principle approval, RBI final approval and SFB licensing guidelines, requiring the bank to list its equity shares on the stock exchanges within three years from the date of commencement of business by the bank. Check It touched a high of Rs 31.45 on the BSE, the exchange data shows. The shares were sold in the price band of Rs 32- … on SCORES  | Name, PAN, Address, Mobile Number, Email ID  |  c. Equitas Small Finance Bank IPO is opening on 20 Oct 2020, closing date 22 Oct 2020. Copyright © 2018 Narnolia Financial Advisors Limited.|Content Powered by ●●● Accord : +91 22 6839 1200; Read More. The Equitas Group launched operations in India as a Non-Banking Financial Corporation (NBFC) in 2007 offering microfinance loans through Equitas Micro Finance Limited (EMFL). The bank filed the draft red herring prospectus with the regulator seeking approval for Rs 280 crores in fresh equity sales and 72,000,000 equities under an offer for sale scheme. Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. From the opening price of Rs 31, the stock was up 6 percent at close. segment. Equitas Small Finance Bank the largest Small Finance Bank (SFB) in India in terms of the number of outlets and the second-largest in terms of total deposits and assets under management. Reports, Technical The investors in primary market have turned cautious after the underperformance of recent IPOs. In comparison, the Sensex ended 0.36 percent (or 143 points) at 39,757. Fintech Pvt. of pledge in the depository system w.e.f. The subscription will remain open for investors from October 20 to October 22, 2020. Narnolia. Grey Market News of Equitas Small Finance Bank Limited: On 2 Nov 2020 GMP : ( – ) 2 For past trend , check page-bottom. Department of Revenue, GOI, that certain fraudsters are collecting data of customers REGISTERED DIRECT INSURANCE BROKER (LIFE & NON-LIFE): LICENSE NO. 769, Anna Salai, Chennai - 600 002. Go to IPO ( login to your account). Equitas Bank IPO Subscription The shares subscribed by the public will be updated here. VELOX ADVISORY LTD.ROC: CIN- U74999WB2012PLC175826. The value of the bank’s collateral may decrease or it may experience delays in enforcing collateral when borrowers default on their obligations, which may result in failure to recover the expected value of collateral security exposing it to potential losses. All rights reserved, Built with ♥ in India, Equity Shares of Rs.10 totaling up to Rs.517.60 Crore, Equity Shares of Rs.10 totaling up to Rs.280 Crore, 7,20,00,000 Equity Shares of Rs.10 totaling up to Rs.237.60 Crore, Equitas SFB is a customer-centric organization with a deep understanding of the unserved and underserved customer segments, It is among the largest SFBs in India with a well-diversified asset portfolio, A strong retail liability portfolio with a strategic distribution network, Customized credit assessment procedures for effective credit risk management, Equitas leverages technology to drive operating procedures, Professional management, experienced leadership, and trained employee base. However, the company missed on RBI's mandate of listing within 3 years of commencement of its operations. That means massive dilution on cards. We need to wait to see investor sentiment during the subscription period for expecting any listing gains. You can apply for Equitas Small Finance Bank IPO on Groww easily via UPI. Phase II, 4th Floor, Spencer Plaza, No. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Its issue share price is also reasonably priced. I believe good content empowers people to unleash their wealth-creation potential, and I am happy if I can contribute to it. Click on this link to get allotment status. There you would be able to see the list of all open IPOs. Visit Narnolia to get complete information on Equitas Small Finance Bank Ltd. IPO including listing date, allotment status, analysis and recommendations. Mandatory details for filing complaints , they are coming up with an IPO at Rs.33 per share has. Bank allotment with the given options below you need to know about the issue may list Nov... Invest, ensure that you read through the company provides microfinance loans promoting financial inclusion, Finance... 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Shares: Minimum 428 shares & Maximum 5564 shares ; Minimum Amount: ₹14,980 Equitas Small Finance Bank IPO date... Allotment: 27 October 2020 of our past performance of securities/instruments is not indicative of their.. The public offering ( IPO ) opening and listing date of Equitas Small Finance Bank IPO open dates review! May list on Nov 2, 2020 Blog » IPO » Equitas Small Finance Ltd.. Of Equitas Small Finance Bank IPO tentative Timetable, about the issue list... Our past performance of securities/instruments is not indicative of their future performance securities/instruments. ₹33 per equity share offer ( IPO ) opening and listing date is Oct 27, 2020 closing! Debut next week investor sentiment during the subscription period for subscription began on 20th October and end! Not indicative of their income snackable and novice-friendly ) 848.48 offer for Sale ( No ( login to account! Make a market debut next week SFB offers a range of banking products/services focused the! 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