The IPO consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited, the holding company of the bank. Post-IPO, the Promoters holding will stand at ~82%. Equitas Small Finance Bank Ltd is among the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits. Equitas Small Finance Bank’s (ESFB) initial public offering (IPO) was subscribed 40 per cent on Tuesday. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. 3. RSS stands for Really Simple Syndication. Enter PAN no or DP Client ID or application no. Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. October 18, 2020 by Team IPO Research Business Overview Equitas Small Finance Bank was the largest Small finance bank in terms of banking outlets and second largest in terms of assets under management and deposits in 2019. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. This is the third public issue in the small finance bank space, following the footsteps of AU Small Finance Bank and Ujjivan Small Finance Bank. Equitas Bank IPO Allotment Status. The listing is expected on November 2. Get here the complete Equitas Small Finance Bank IPO review including all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, important dates, GMP and much more. Here, you can find the Allotment Status of this IPO. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. PAN Application No. The IPO floor price is 3.2 times and cap price is 3.3 times of the face value. The current offer for sale is of 7.2 crore equity shares amounting to Rs 237.60 crores and a fresh issue of equity shares aggregating to Rs 237 crores. Copyright 2020 - AZ-01 - Link Intime India Pvt Ltd. Select PAN no or DP Client ID or application no. 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. If the branch is in metro then the customer is required to maintain an amo Issue open. The Rs 518-crore Equitas Small Finance Bank IPO (initial public offer), which was open for subscription from Oct 20-22, is scheduled to finalise its basis of allotment today Equitas Small Finance Bank IPO Details - IPO Open & Close Date, GMP, Share Price, Min. The portion reserved for retail investors has been fully subscribed with 1.36 times application. The scrip will be listed on 2nd November 2020. Equitas Small Finance Bank IPO Subscription Status. To check the Equitas Small Finance Bank IPO allotment status, go to the BSE website or NSE website. Face Value = Rs 10. RSS feed is a XML file that provides summaries, including links to the full versions of the content.It is available through RSS feed reader or through some browsers. Equitas Small Finance Bank aka ESFB IPO will hit the market on 20 October 2020. 520 Crore IPO is expected to give some decent returns to the investors. KFintech Private Limited is the registrar to the difficulty. The issue also comprises of secondary share sale worth Rs 237 crore. About Equitas Small Finance Bank Ltd IPO. The Rs 520 crore IPO of Equitas Small Finance Bank (ESFB) will open today for subscription and close on October 22. A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors. Visit Karisma link of Karvy for IPO allotment here. Quantity, Subscription & Allotment Status, Listing Date. History of Equitas Microfinance The company was set up in 2007 as an NBFC by Mr. P. N Vasudevan and has its head office in Chennai, Tamil Nadu. However, the offer was put on hold due to the spread of COVID-19 disease. ESFB will issue Rs 280 crore worth of fresh equity in the IPO. 52 per share. The issue was earlier scheduled for subscription by the end of March 2020. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. Equitas Small Finance Bank IPO Valuations. Oct 20, 2020 - Oct 22, 2022. Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) 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 (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank. Select Equitas Holdings IPO from drop down box. EQUITAS SMALL FINANCE Bank IPO Details. The shares were sold in the price band of Rs 32- … Equitas Bank IPO details like price band, listing date, subscription, allotment status, IPO review, broker view, grey market premium (GMP) Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. Karvy is updating this list and you would soon see the Equitas name in drop down box. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. Update soon. 1) Select IPO Name - Equitas Small Finance Bank 2) Check box either Application Number, DPID/Client ID or PAN Number. The Average Monthly Balance must be maintained in the Equitas Small Finance Bank depend upon the region. Now, they are coming up with an IPO at Rs.33 per share. Check share allotment status via registrar’s web site. DP Client ID. Issue type. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) was open for subscription from October 20 till October 22. Company offers wide range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. In order to comply with the RBI norms, the IPO had made a fresh issue of Rs.280 crore and an offer for sale of around 7.2 crore equity shares. This shows the market is not willing to give good value to Equitas SFB. IPO Allotment Status Show All IPOs Recent IPOs: Select IPO Query By Application No DPID/Client ID PAN: Application Type. Issue size. Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed. Equitas Holdings – IPO Allotment Status. 32 Comments on “ Equitas IPO :Listing Estimate ” Pawan October 26, 2020 at 7:16 pm A few shares of equitas bank may be bought @ 30.1 , 28, 25.1 and so on only if it falls against ipo price of 33 in a few days from listing And then sell it on bounce back to near about 30 . Equitas Small Finance Bank IPO to raise Rs.532 crores. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Book Built Issue IPO. If you are keen to know the allotment status of your Equitas IPO application subscribes to our newsletter in the sidebar to receive regular updates. LINK INTIME IPO Allotment Status . Equitas Small Finance Bank is a New Age Bank that gives children, youth, families and business people across India a new way to bank. Add to Calendar 2020-10-20 12:00 AM 2020-10-22 12:00 AM Asia/Kolkata Equitas Small Finance Bank Ltd IPO (Equitas Small Finance Bank IPO) Detail Equitas Small Finance Bank Ltd India Equitas Small Finance Bank is a 510 crore IPO which consists of a fresh issue of Rs 280 crore and an offer for sale of 7.2 crore Equity Shares by Equitas Holdings. Fill captcha; Submit Those who had positioned bids for the Equitas Small Finance Bank challenge can check the subscription status on the registrar’s web site. ; On BSE, Select ‘Equity’ and then from the dropdown, select ‘Equitas Small Finance Bank.’ The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Equitas SFB IPO price band is Rs 32 - Rs 33 and IPO lot size is 450 shares and multiple of it. Registrar is a SEBI-registered entity liable for the IPO allotment and refund processing. 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. The subsidiary of Equitas holding termed the Equitas Finance Bank has finalized the allotment basis for the maiden public issue. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) was open for subscription from October 20 till October 22. The Rs 518 crore initial public offer (IPO) of Equitas Small Finance Bank, which was open for bidding between October 20 and 22, was subscribed 1.95 times at close. Equitas Small Finance Bank is going to launch its maiden public offer on 29 September and has priced the offer in the range of INR32 – 33 per share. Ginodia termed Equitas Small Finance Bank IPO as a lacklustre IPO. 15.7 crore equity shares of Rs 10 The Equitas Bank IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 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