This book-building offer is in line with the RBI guidelines with regard to the Small Finance Bank guidelines. Equitas Holdings Limited is the promoter of the company. How do I apply to the Equitas Small Finance Bank IPO? Oct 20, 2020 - Oct 22, 2022. 14. 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 files Draft Papers on Jan 6, 2020 for Rs. 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. 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. 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 Small Finance Bank IPO Valuations. Issue size. Equitas Bank IPO Issue Object. Ahead of the IPO, Equitas Small Finance Bank raised Rs 139.68 crore from anchor investors on 19 October 2020. Equitas small finance financial institution firm new ipo 16. The IPO is being sold in the price band of Rs 32-33 per share. Equitas small finance financial institution IPO particulars 19. Face Value = Rs 10. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. 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 Fine Organic IPO will close on 22 June. Equitas Small Finance Bank IPO The subscription will remain open for investors from October 20 to October 22, 2020. Select IPO Query By Application No DPID/Client ID PAN: Application Type. The ₹518 crore IPO of mass-market focused Equitas Small Finance Bank (ESFB) received a tepid response from investors. Issue open. The price band for the issue is fixed at Rs 32-33 per share, and the issue closed on Thursday. Photo: iStock Equitas Small Finance Bank's IPO is more of a valuation bet 2 min read. The Rs 518-crore Equitas Small Finance Bank initial public offer (IPO) will open for subscription on Tuesday, October 20, 2020. Initial Public offering. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. In June 2016, its promoter, Equitas Holdings Limited, got approval from RBI to set up a small finance bank (SFB). 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. IPO Details. 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 … Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). 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. 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. Book Built Issue IPO. EQUITAS SMALL FINANCE Bank IPO Details. Equitas small finance financial institution ipo apply or keep away from 18. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. The IPO will remain open for three days, from October 20 till October 22. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. Equitas small finance bank (ESFB) is the subsidiary of Equitas Holding Ltd. 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. 976 Cr. The issue was earlier scheduled for subscription by the end of March 2020. EQUITAS SMALL FINANCE BANK LIMITED Our Bank was originally incorporated as V.A.P. 2) For last 3 years EPS of Rs 1.94, the PE ratio is 17x. The Company was incorporated in 1993 at Madras, Tamil Nadu and is now coming up with an IPO amounting to … Accordingly, Equitas Bank has to list its shares on the stock exchanges within a period of three years. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) will opens for bidding on Tuesday i.e. According to the prospectus, Equitas SFB has the second-highest CASA proportion (28.34%) among all small finance banks. 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 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. October 20. It is a subsidiary of Equitas Holding Limited (EHL). 520 Crore IPO is expected to give some decent returns to the investors. 1) Select IPO Name - Equitas Small Finance Bank 2) Check box either Application Number, DPID/Client ID or PAN Number. They have a market share of 16% in terms of Assets Under Management in India. MUMBAI: Analysts are divided on whether investors should subscribe to Equitas Small Finance Bank’s (SFB) Rs 518 crore initial public offer (IPO) that kicks off on Tuesday. Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. Thereafter, the NBFC was converted into an SFB and its operations commenced on September 5, 2016. Issue type. 15.7 crore equity shares of Rs 10 Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) Equitas Small Finance Bank is gearing up to bring its IPO to the market on October 20. 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 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. Equitas Small Finance Bank was originally incorporated as V.A.P Finance Private Limited in 1993. The Bank has the third-highest proportion of retail deposits in its total deposits at 58.38%. 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 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. IPO will be consisted of two parts : 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 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, 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. Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. Equitas SFB is the largest small finance bank in terms of outlets and the second-largest in terms of assets under management and deposits according to CRISIL. Updated: 20 Oct 2020, 10:20 AM IST Aparna Iyer. 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. Equitas small finance financial institution ipo expectations 17. 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 … Equitas Small Finance Bank Limited: Key Strength. 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). Equitas 15. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. 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. 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”). 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. 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