FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Equitas Small Finance Bank IPO Review

IPO Status: Listed [20th Oct 2020 to 22nd Oct 2020]

Rated 3.5/5 by Team InvestorGain
Equitas SFB IPO Detail

Equitas SFB IPO Details

IPO Issue Opening Date: 20th Oct 2020
IPO Issue Closing Date: 22nd Oct 2020
IPO Issue Price: ₹32-33 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 57.3
IPO Issue Type: Book Build Issue
IPO Issue Size: Rs 517.60 Cr
Offer for Sale: 7,20,00,000 shares at ₹33 (Aggregating up to ₹237.60 Cr.)
Fresh Issue: 8,48,48,484 shares at ₹33 (Aggregating up to ₹280 Cr.)
Face Value: ₹10 Per Equity Share
IPO Discount: NIL
Promoter Holding Pre IPO: 95.49
Promoter Holding Post IPO: 82.05
Allotment Status: Allotment Status

Equitas SFB IPO Important Dates

Get important updates regarding Equitas SFB IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Equitas SFB IPO dates
IPO Activity Date
Basis of Allotment Date* 27th Oct 2020
Refunds Initiation* 28th Oct 2020
Credit of Shares to Demat* 29th Oct 2020
IPO Listing Date* 2nd Nov 2020

* - Tentative Dates

Equitas SFB IPO Lots

IPO Activity Date
Issue Price ₹32-33
Market Lot: 450 Shares
1 Lot Amount: ₹14850
Min Small HNI Lots(2-10 Lakh): 6300 shares(14 lots)
Min Big HNI Lots(10+ Lakh):

Equitas SFB IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
22-10-2020331--₹34 (3.03%)22-Oct-2020 10:39
IPO Live GMP
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Equitas SFB

About Equitas SFB IPO

The Equitas SFB IPO will be open for subscription on 20th Oct 2020 and closes on 22nd Oct 2020. The IPO issue size is Rs 517.60 crore (fresh issue of Rs 280 crore and offer for sale of Rs 252 crore). Equitas SFB IPO price band is Rs 32 - Rs 33 and IPO lot size is 450 shares and multiple of it. The IPO floor price is 3.2 times and cap price is 3.3 times of the face value. 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.

The company has reserved Equity Shares aggregating up to Rs 51 crore under EHL Shareholders Reservation Portion and Rs 1 Cr for EHL Employees.. No discount offered to eligible Employees under Employee Quota.

The cutoff Date (Last Date) to buy EHL share under Shareholders quota is RHP filling date which is 11th Oct 2020 , so to participate in shareholders quota must have EHL shares in there demat account as of 11th Oct 2020. (As 11th Oct 2020 was Sunday, so share bought on and before 7th Oct 2020 are eligible for shareholders quota.)

  • Incorporated Year: 2016
  • Sector: Banking and Finance
  • Website: www.equitasbank.com
  • Employee Reservation Portion: Rs 1 Crore
  • EHL Shareholders Reservation Portion: Rs 51 Crore
  • EHL Shareholders Cut-Off Date: 11-10-2020

About Company - Equitas Small Finance Bank Ltd

The subsidiary of Equitas Holdings Ltd., Equitas Small Finance Bank Limited is the largest small finance bank in terms of the number of branches and second largest in terms of asset under management as well as deposits with over 90.1 billion. These deposits have grown at a rate of 145% year-on-year in fiscal 2019.

Currently, the company offers a range of banking products and services which focus on serving the financially unserved and underserved customers of India. These include small business loans, housing loans, vehicle finance products, micro-credits and agricultural loans.

Equitas Small Finance Bank has a range of investment and saving options for its customers. It also provides ATM-cum-debit cards, third party insurance, mutual fund products and issue FASTags. It also provides demand deposits and savings bank account by realizing the needs of customers. It also develops the products which match the growth of target customers.

Equitas SFB also sponsors social initiatives in specific regions and communities to foster customer loyalty and company’s visibility in these regions. This increase the likelihood that customers will approach the company for their financial needs. It also leverages the front-end technology platforms, so that it can improve customer acquisition and transaction management.

The deposits of Equitas SFB have grown at a CAGR of 116.51% from ₹19,212.89 million as of March 31, 2017, to ₹90,067.36 million as of March 31, 2019. The company has a sales force of 15,589 employees in 853 branches across India and their 3 billion customers to market their products. However, the Reserve Bank of India bars the company from opening new branches.

Equitas SFB IPO Strengths

  • A customer-centric organization with multiple delivery channels.
  • Provides a variety of banking services in mass market customer segments with a focus on serving the financially unserved and underserved segments in India.
  • One among the leading SFBs in terms of branch count(853) and geographical spread across India (Presence in 15 - States/ Union Territories ).
  • Strong growth credentials since inception through high rates of customer retention, geographical expansion, improved productivity, lower credit cost, etc.
  • Technology-driven operating model with an advanced digital platform.
  • Strong digital capabilities with a focus on data analytics.
  • Robust risk management framework to identify, measure, monitor and manage credit, market, liquidity, IT and operational risks.
Incorporation Sector IPO Issue Size Website
NULL NULL Rs 517.60 Cr www.equitasbank.com

Equitas SFB IPO Objective

  • Fresh Issue – to augment bank's tier-1 capital base to meet future capital requirements which include organic growth and expansion.
  • Offer for Sale - The Promoter Selling Shareholder shall be entitled to the proceeds from the Offer for Sale.

Equitas SFB IPO Shareholders Reservation Portion

  • Reservation of up to 1,54,54,545 equity shares is available for allocation to EHL Shareholders on a proportionate basis.
  • The cut-off date for EHL shares in the demat account is 11th Oct 2020.
  • As per RHP, the EHL shareholders can apply up to Rs 2 lakh (net of EHL Shareholder Discount) under the SH category. EHL shareholders bidding up to Rs 2 lakh can also apply under the retail category. EHL Shareholders Reservation Portion and NII Category(above Rs 2L) is treated a multiple bid or not valid.
  • If the aggregate demand in this category is less than or equal to 1,54,54,545 Equity Shares at or above the Offer Price, full allocation shall be made to the EHL Shareholders to the extent of their demand.
  • If the aggregate demand in this category is greater than 1,54,54,545 Equity Shares at or above the Offer Price, the allocation shall be made on a proportionate basis.
  • EHL Shareholders Bidding under the EHL Shareholders Reservation Portion up to Rs 200,000 are entitled to Bid at the Cut-off Price.
  • Bidding will be made on prescribed Bid cum Application Form or Revision Form (Green color form).
  • EHL Shareholders bidding in the EHL Shareholders Reservation Portion can bid through the UPI mechanism.

Equitas SFB IPO Employee Reservation Portion

  • Reservation of up to 3,03,030 equity shares is available for Eligible Employees on a proportionate basis with employee discount of Rs 0 per share. As per RHP, the Eligible Employees can apply up to Rs 5 lakh for the Employee Reservation Portion. However, the initial Allotment will be of Rs 200,000 in case of full or oversubscribed employee category. In the event of under-subscription, the unsubscribed portion will be allotted proportionately to all Eligible Employees who have Bid above Rs 200,000, subject to the maximum limit not exceeding Rs 500,000.
  • Bidding will be made on prescribed Bid cum Application Form or Revision Form (Pink color form).

Equitas SFB IPO - Retail, Shareholding and Employee bidding limit for Individual Investor

    Below table will give you a clear picture on how much to bid for in each category by the retail investor. If you are applying in NII category above Rs 2 lakhs, you can't apply in SH Category and Employee category. So to participate in any of the two categories, you have to apply below 2 lakhs in shareholders quota.

    Please Note: An eligible EHL shareholder bidding in EHL shareholder reservation portion for bid amount below Rs. 2,00,000, can also bid under net offer i.e. in Retail Individual Bidders Portion for upto Rs. 200,000.

    Shareholders Reservation Portion Retail Employee Reservation Portion
    Individual Investor Up to ₹ 2,00,000 Up to ₹ 2,00,000 in Retail Up to ₹ 5,00,000
    Individual Investor Not Allowed Above ₹ 2,00,000 in NII Not Allowed
Request call back from Zerodha

Equitas SFB IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 27,975,001 Shares
  • Non-Institutional Investors: 21,487,500 Shares
  • Retail Individual Investor: 50,137,500 Shares
  • Employees Quota: 312,500 Shares
  • Shareholders and Other Quota: 15,937,500 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPOtherTotal
 # of Shares Offered27,975,001 (24.15%)21,487,500 (18.55%)50,137,500 (43.28%)312,50015,937,500115,850,001
120th Oct 2020 17:020.00x0.03x0.85x0.59x0.14x0.39x
221st Oct 2020 17:020.05x0.05x1.42x0.97x0.24x0.67x
322nd Oct 2020 17:023.91x0.22x2.08x1.84x0.42x1.95x
Equitas SFB financial
Equitas SFB IPO Financials 30-June-2020 31-March-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹20,892.14 Cr ₹19,314.55 Cr ₹15,762.69 Cr ₹13,301.15 Cr
Total Income ₹750.97 Cr ₹2,927.79 Cr ₹2394.83 Cr ₹1772.90 Cr
Total Expense ₹693.30 Cr ₹2,684.16 Cr ₹2,184.27 Cr ₹1,741.07 Cr
Net Profit/Loss ₹57.67 Cr ₹243.64 Cr ₹210.57 Cr ₹31.83 Cr

Company Address

Equitas Small Finance Bank Ltd
4th Floor, Phase II, Spencer Plaza No. 769, Mount Road, Anna Salai
Chennai,Tamil Nadu-600002
India
Website: www.equitasbank.com
Phone: +914442995000
Email: [email protected]

Equitas SFB IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]
Equitas SFB IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Equitas SFB? Should I apply in Equitas SFB IPO?

Last Updated on 01-Feb-2021 00:22:39


User Reviews

4. Rajan Oct 16 2020 12:07:15 AM Reply
I have bought the shares on 9th Oct 2020, Am I eligible for the ShareHolding quota.
4.1. Vinay Jain Oct 16 2020 12:09:09 AM
Share bought on and before 7th Oct 2020 are eligible for shareholding quota. As T + 2 + 2 days(Weekend). So, the logically cutoff date for shareholding eligibility is 7th Oct 2020.
3. Binod Oct 13 2020 01:37:39 PM Reply
EquitasSFB IPO - Issue Information *(Tentative)*

Issue Opens on: 20 Octember 2020
Issue Closes on: 22 Octember 2020
Issue Type: Book Built Issue IPO
Issue Size: 15,20,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.34 - Rs.35 per Share *(Tentative)*
Discount: NIL
Market Lot: 428 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 1,05,34,01,602 Shares
Fresh Issue of Shares 8,00,00,000 @35/- = Rs. 280.00Crs
Offer for Sale of 7,20,00,000 Shares @35/- = Rs.252.00Crs
Equity Shares outstanding after the Issue = 1,13,34,01,602 Shares

Category-wise Break up:
Anchor - 4,56,00,000 Shares = 159.60Crs
QIB - 3,04,00,000 Shares = 106.40Crs
NII - 2,28,00,000 Shares = 79.80CrsTBD
RII - 5,32,00,000 Shares = 186.20Crs (Lot size: 428 = 1,24,299 Forms)
EHL SH Quota = 51 Cr
Empl Quota = 1 Cr
Total Issue - 15,20,00,000 Shares = 532.00Crs.

Subscription required for 1X
RII = 1,24,299 Forms
NII = 79.80 Crs

15th Oct - Announcement of Price Band
19th Oct - Anchor Investors Allotment
20th Oct - Offer Opens
22th Oct - Offer Closes
27th Oct - Finalisation of Basis of Allotment
28th Oct - Unblocking of ASBA Accounts
29th Oct - Credit of Equity Shares to Depository Accounts
30th Oct - Commencement of Trading
3.1. Vinay Jain Oct 13 2020 10:49:22 PM
Cut off date for the shareholding quota is 11th Oct 2020.
3.2. Bindo Oct 15 2020 11:31:11 AM
EquitasSFB IPO - Issue Information *(FINAL)*

Issue Opens on: 20 October 2020
Issue Closes on: 22 October 2020
Issue Type: Book Built Issue IPO
Issue Size: 15,68,48,484 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.32 - Rs.33 per Share
Discount: NIL
Market Lot: 450 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 1,05,34,01,602 Shares
Fresh Issue of Shares 8,48,48,484 @33/- = Rs. 280.00Crs
Offer for Sale of 7,20,00,000 Shares @33/- = Rs.237.60Crs
Equity Shares outstanding after the Issue = 1,13,38,250,086 Shares

Category-wise Break up:
Anchor - 4,23,27,273 Shares = 139.68Crs
QIB - 2,82,18,182 Shares = 93.12Crs
NII - 2,11,63,636 Shares = 69.84Crs
RII - 4,93,81,818 Shares = 162.96Crs (Lot size: 450 = 1,08,771 Forms)
EHL SH Quota - 1,54,54,545 Shares = 51.00Crs
Empl. Quota - 3,03,030 Shares = 1.00Crs
Total Issue - 15,68,48,484 Shares = 517.60Crs.

Subscription required for 1X
RII = 1,08,771 Forms
NII = 69.84 Crs

2. CA Sachin Jain Oct 12 2020 10:21:16 AM Reply
Buy one Share of EQUITAS (539844) to participate in Shareholding Quota. The RHP has not yet filled, so you can buy one share. The cutoff date for Shareholder''s quota will be the RHP filling date.
1. Bindo Kumar Oct 12 2020 10:18:09 AM Reply
Equitas SFB GMP: 7 (+/-1)