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IPO Status: Listed [20th Oct 2020 to 22nd Oct 2020]
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 |
Get important updates regarding Equitas SFB IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
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
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): |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
22-10-2020 | 33 | 1 | -- | ₹34 (3.03%) | 22-Oct-2020 10:39 |
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**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.
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.)
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.
Incorporation | Sector | IPO Issue Size | Website |
NULL | NULL | Rs 517.60 Cr | www.equitasbank.com |
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 |
The table below is live update of IPO bidding details from NSE and BSE.
Day | QIB | NII | RII | EMP | Other | Total | |
---|---|---|---|---|---|---|---|
# of Shares Offered | 27,975,001 (24.15%) | 21,487,500 (18.55%) | 50,137,500 (43.28%) | 312,500 | 15,937,500 | 115,850,001 | |
1 | 20th Oct 2020 17:02 | 0.00x | 0.03x | 0.85x | 0.59x | 0.14x | 0.39x |
2 | 21st Oct 2020 17:02 | 0.05x | 0.05x | 1.42x | 0.97x | 0.24x | 0.67x |
3 | 22nd Oct 2020 17:02 | 3.91x | 0.22x | 2.08x | 1.84x | 0.42x | 1.95x |
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 |
Last Updated on 01-Feb-2021 00:22:39