The Rs 518-crore Equitas Small Finance Bank initial public offer (IPO) will open for subscription on Tuesday, October 20, 2020. 520 Crore IPO is expected to give some decent returns to the investors. The issue was earlier scheduled for subscription by the end of March 2020. Earlier this week, Equitas Small Finance Bank raised around Rs 140 crore from 12 anchor investors and finalised allotment of 4.23 crore equity shares at … Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. October 20. The Company was incorporated in 1993 at Madras, Tamil Nadu and is now coming up with an IPO amounting to … Equitas Small Finance Bank Limited: Key Strength. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). The ₹518 crore IPO of mass-market focused Equitas Small Finance Bank (ESFB) received a tepid response from investors. 976 Cr. Equitas small finance financial institution firm new ipo 16. In June 2016, its promoter, Equitas Holdings Limited, got approval from RBI to set up a small finance bank (SFB). Their Bank proposes to utilize the Net Proceeds from the Offer towards augmenting their Bank’s Tier I capital base to meet their Bank’s future capital requirements. Issue size. Equitas Small Finance Bank was originally incorporated as V.A.P Finance Private Limited in 1993. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) will opens for bidding on Tuesday i.e. Equitas small finance financial institution ipo expectations 17. 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. Equitas Small Finance Bank IPO price valuations 1) On the upper price band of Rs 33 and EPS of Rs 2.39 for FY20, the P/E ratio works out to be 13.8x. Equitas 15. Issue type. Equitas Holdings Limited is the promoter of the company. Accordingly, Equitas Bank has to list its shares on the stock exchanges within a period of three years. Photo: iStock Equitas Small Finance Bank's IPO is more of a valuation bet 2 min read. Updated: 20 Oct 2020, 10:20 AM IST Aparna Iyer. Equitas small finance financial institution ipo apply or keep away from 18. It is a subsidiary of Equitas Holding Limited (EHL). 2) For last 3 years EPS of Rs 1.94, the PE ratio is 17x. Equitas Small Finance Bank, according to a statement, has already raised Rs 139.68 crore by allocating over 4.2 crore shares to 35 anchor investors at the upper price … The bank trimmed the issue size after the Securities and Exchange Board of India in April allowed companies to tweak their IPO size by up to 50% in the wake of the Covid-19 pandemic. Equitas SFB subsequently filed the draft prospectus for its IPO, wherein it said it might look at raising ₹ 200 crore through another pre-IPO round. Equitas small finance bank (ESFB) is the subsidiary of Equitas Holding Ltd. Oct 20, 2020 - Oct 22, 2022. Select IPO Query By Application No DPID/Client ID PAN: Application Type. Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. After watching this video you will be in a position to understand the core business of the company, its peers, its financials, IPO details and many more. The IPO is being sold in the price band of Rs 32-33 per share. The price band for the issue is fixed at Rs 32-33 per share, and the issue closed on Thursday. IPO Particulars of Equitas Small Finance Bank Limited: IPO Opens on : 20 Oct 2020 IPO Closes on : 22 Oct 2020 Issue Type: Book Built Issue IPO PUBLIC OFFER OF UP TO 15 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (“EQUITY SHARES”) OF EQUITAS SMALL FINANCE BANK LIMITED FOR … 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. Thereafter, the NBFC was converted into an SFB and its operations commenced on September 5, 2016. Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. Finance Private Limited on June 21, 1993 at Madras, Tamil Nadu as a private limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Tamil Nadu at Chennai (“RoC”). According to the prospectus, Equitas SFB has the second-highest CASA proportion (28.34%) among all small finance banks. Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). Equitas Small Finance Bank's public offering comprised of fresh issue of 8.5 crore shares and offer for sale of 7.2 crore shares by Equitas Holdings Limited, which is the holding company. The IPO consists of fresh issue of shares amounting to Rs 280 crore and an offer of sale comprises of 7.20 crore shares by the bank's promoter, Equitas Holdings (including anchor portion of 4.23 crore equity shares). Face Value = Rs 10. Small Finance Banks with net worth above Rs 500 crore are supposed to mandatorily get listed on the stock exchanges within 3 years, and this is why Equitas SFB is doing its IPO. How do I apply to the Equitas Small Finance Bank IPO? Equitas Small Finance bank files Draft Papers on Jan 6, 2020 for Rs. The IPO will remain open for three days, from October 20 till October 22. Ahead of the IPO, Equitas Small Finance Bank raised Rs 139.68 crore from anchor investors on 19 October 2020. NEW DELHI: The Rs 518 crore initial public offering (IPO) by Equitas Small Finance Bank (SFB) kicked off on Tuesday. Equitas Small Finance Bank is the largest SFB in India in terms of the number of banking outlets, and the second-largest SFB in India in terms of assets under management and total deposits in Fiscal 2019. The Rs 520 crore IPO of Equitas Small Finance Bank (ESFB) will open today for subscription and close on October 22. Equitas Small Finance Bank is gearing up to bring its IPO to the market on October 20. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. The Fine Organic IPO will close on 22 June. 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. Initial Public offering. Equitas Small Finance Bank’s diversified loan book, healthy deposit accretion, strong capital ratios and attractively priced IPO make it a good long-term bet for investors. Issue open. The small finance bank’s IPO comprised a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings. IPO Details. IPO will be consisted of two parts : 1) Select IPO Name - Equitas Small Finance Bank 2) Check box either Application Number, DPID/Client ID or PAN Number. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. 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 IPO The subscription will remain open for investors from October 20 to October 22, 2020. This book-building offer is in line with the RBI guidelines with regard to the Small Finance Bank guidelines. 15.7 crore equity shares of Rs 10 Equitas Holdings (EHL) Shareholders Reservation in IPO: Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder's category of Equitas Small Finance Bank IPO. The Bank has the third-highest proportion of retail deposits in its total deposits at 58.38%. Book Built Issue IPO. The IPO comprises a fresh sale of shares worth Rs 550 crore and a secondary market sale of 80 million shares by Equitas Holdings. Equitas Small Finance Bank, a unit of Equitas Holdings Ltd, has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) to float an initial public offering. The offer from the Equitas Holdings unit comprises fresh issue of shares worth Rs 280 crore and an offer for sale of 7,20,00,000 shares by the parent firm. Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas Holding as a micro finance lender in India with its headquarter in Chennai and received its licence on 30 th Jun 2016. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) EQUITAS SMALL FINANCE BANK LIMITED Our Bank was originally incorporated as V.A.P. 14. Equitas Small Finance Bank IPO Valuations. Equitas Bank IPO Issue Object. Equitas small finance financial institution IPO particulars 19. 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