The ₹ 520 crore IPO of Equitas Small Finance Bank, which opened for subscription on Tuesday, was subscribed 0.51 times as of 1:15 pm on Day 2. Equitas Small Finance Bank IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Book Built Issue IPO. Equitas Small Finance Bank, the subsidiary of Equitas Holdings, may be launching its public issue on October 20 and closed on October 22 as per the speculations still the dates are not confirmed. Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). Equitas Small Finance Bank IPO to raise Rs.532 crores. EQUITAS SMALL FINANCE Bank IPO Details. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) was open for subscription from October 20 till October 22. Read the Equitas Small Finance Bank IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer. The Equitas, Small Finance Bank issue, was subscribed only 2 times on the last day of bidding.Here’s how to check Equitas Small Finance Bank IPO allotment status on … Post-IPO, the Promoters holding will stand at ~82%. This book-building offer is in line with the RBI guidelines with regard to the Small Finance Bank guidelines. Now, they are coming up with an IPO at Rs.33 per share. Equitas Small Finance Bank IPO (ESFB IPO) is scheduled to open on 20 October 2020, marking yet another public offer from the newly created banking licensees. 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. Issue type. Equitas Small Finance Bank IPO Price Band. 3. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. Face Value = Rs 10. Equitas Small Finance Bank IPO: The lot size is 450 Equitas Small Finance Bank IPO opens this week: 10 things to know 2 min read. Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. Equitas Small Finance Bank is the subsidiary of Equitas Holdings and it is finally launching its IPO on Oct. 20. Updated: 18 Oct 2020, 12:28 PM IST Edited By Surajit Dasgupta. Equitas Small Finance Bank aka ESFB IPO will hit the market on 20 October 2020. Check out the Equitas Small Finance Bank IPO date, price band, and market lot details. The Company was incorporated in 1993 at Madras, Tamil Nadu and is now coming up with an IPO amounting to … Equitas Small Finance Bank IPO subscription open Date is October 20, 2020 and Closing Date is October 22, 2020.Whereas, You can check Allotment on October 27, 2020. 15.7 crore equity shares of Rs 10 The Chennai based company started as a microfinance player and was granted SFB license in 2016 by the RBI. Equitas small finance bank (ESFB) is the subsidiary of Equitas Holding Ltd. Let’s have a detailed review of the company and analytics of the Equitas Bank IPO release date, IPO offer price, subscription, Equitas Small Finance Bank Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. Equitas Small Finance Bank will make a market debut on October 20. According to the prospectus, Equitas SFB has the second-highest CASA proportion (28.34%) among all small finance banks. Equitas Small Finance Bank IPO to raise Rs.517.60 crores. The headquarter is based in Chennai. 520 Crore IPO is expected to give some decent returns to the investors. Fri, 23 Oct 2020 20:08:00 GMT. Equitas Small Finance Bank IPO allotment: Here’s how to check share allotment status. In a fixed price IPO offer, Equitas is launching its shares in the price band of Rs 34-35 apiece. Equitas Small Finance Bank IPO Dates. If the branch is in metro then the customer is required to maintain an amo Issue size. ESFB is licensed by the RBI under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Accordingly, Equitas Bank has to list its shares on the stock exchanges within a period of three years. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. Equitas Small Finance Bank IPO to hit the market on 20 October 2020 and closes on 22 October 2020.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. 52 per share. The Bank has the third-highest proportion of retail deposits in its total deposits at … Equitas Holdings (EHL) Shareholders Reservation in IPO. Equitas Small Finance Bank IPO Valuations. **** Equitas Small Finance Bank IPO Details **** IPO Date: 20 OCT 2020 – 22 OCT 2020 IPO Price: Rs 34 – 35 per equity share Issue Size: 15,20,00,000 Shares (Rs 532 crore) Face Value: Rs 10 per equity share Market Lot: 428 Shares Listing At: BSE, NSE 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. 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. The Average Monthly Balance must be maintained in the Equitas Small Finance Bank depend upon the region. NSE Code for Equitas SFB is TBD. The bank's loan book is concentrated between small business loans, vehicle finance, and microfinance. 2) For last 3 years EPS of Rs 1.94, the PE ratio is 17x. The total IPO size of Rs 517.60 crores will contain both fresh scrips and an offer for sales shares from the promoter. Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. Equitas small finance bank is the largest SFB in India in terms of highest number of banking outlets and the second largest SFB in terms of assets under management and total deposits. Equitas Small Finance Bank IPO Schedule: Offer Start Date: Oct 20, 2020: Offer End Date: Oct 22, 2020: Finalisation of basis of allotment: Oct 27, 2020: Initiation of Refunds: Oct 28, 2020: Credit of shares to Demat A/c: Oct 29, 2020: Listing Date: Nov 02, 2020 The Equitas Small Finance Bank was established in 2007 founded by Equitas. Equitas SFB IPO is going to be list on 2-11-2020. The shares were sold in the price band of Rs 32- … Oct 20, 2020 - Oct 22, 2022. This shows the market is not willing to give good value to Equitas SFB. Equitas Holdings Limited is the promoter of the company. Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) Issue open. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). Equitas Small Finance Bank (ESFB) is one of the largest small finance banks in India. The closes on October 22. Equitas Small Finance Bank is gearing up to bring its IPO to the market on October 20. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. 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. 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 … 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. The IPO page of Equitas Small Finance Bank Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. The revenues was reported around 1787 crores in 2018 while net income was around 31 crore. 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