equitas small finance bank ipo review

Equitas Small Finance Bank IPO to raise Rs.532 crores. Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. We need to wait to see investor sentiment during the subscription period for expecting any listing gains. October 26, 2020 Top10StockBroker. Read members review comments about Equitas Small Finance Bank Ltd IPO (page 2). Price Band: Rs per share. The Rs 518 crore initial public offer (IPO) of Equitas Small Finance Bank, which was open for bidding between October 20 and 22, was subscribed 1.95 times at close. The IPO to list at flat rates as the grey market is flat for last few days. Equitas Small Finance Bank IPO to raise Rs.517.60 crores. It has finalised allotment of 4,23,27,271 equity shares to anchor investors at upper price band of Rs 33 per equity share. Equitas Small Finance Bank IPO Review Equitas Small Finance Bank IPO Date & Price Band (Tentative): IPO Open: 20 October 2020: IPO Close: 22 October 2020: IPO Size: Approx ₹ 532 Crore : Price Band: ₹34-35 Per Share: Listing on: BSE & NSE: Retail Portion: 35%: Equity: 72,000,000 Shares: Face Value: ₹10 Per Equity Share: Grey Market Premium: Rs. Uncertain future of the Equitas Microfinance Bank. access_time 2020-09 … 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 Holdings Limited is the promoter of the company. Equitas Small Finance Bank IPO to hit the market on 20 October 2020 and closes on 22 October 2020. Equitas Small Finance Bank garneredEquitas raises Rs 140 crore from anchor investors. IPO Opens on: 2020 . Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. 520 Crore IPO is expected to give some decent returns to the investors. The public issue subscribed 2.08x in the retail category, 3.91x in the QIB category, and 0.22x in the NII category. Follow us on Considering the pent up expectation around the initial public offering (IPO) of Equitas Small Finance Bank (Equitas SFB) and the manner in which foreign and domestic investors have lapped up banking stocks since July, the issue holds promise. In addition, its promoter Equitas Holdings (EHL) will sell shares worth upto Rs 238 crore to reduce its stake to around 82% from the current 95.5%. Equitas Bank IPO Review: Fortune at bottom of pyramid? The Average Monthly Balance must be maintained in the Equitas Small Finance Bank depend upon the region. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Most of these 10 banks are going to begin their operations in 2016. 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. IPO Size: Rs 00 Cr (Approx) Retail & Employees Discount: Rs 0 per share. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. Equitas Small Finance Bank Ltd. (ESFB) is one of 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 in Fiscal 2019. GAIN OR LOSS DUE TO FAIR VALUE CHANGES – UTI AMC. Investors will look at the QIB and HNI numbers and then retail will be on the charge. 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 CASH AT A PRICE OF Rs. Check out the Equitas Small Finance Bank IPO date, price band, and market lot details. Equitas Small Finance Bank IPO subscribed 1.95x times, QIB 3.91x, HNI 0.22x and RII 2.08x times overall. EQUITAS SMALL FINANCE BANK (SFB) 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 closes on October 22. Equitas Small Finance Bank IPO Subscription Status (Bidding Detail) The Equitas Small Finance Bank IPO is subscribed 1.95x times on Oct 22, 2020 17:00. Equitas Small Finance Bank is the wholly-ownedRead More… 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. KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222 Fax: +91 40 2343 1551 Email:[email protected] Website: www.kfintech.com. Equitas Small Finance Bank Ltd IPO Review (ESFB IPO), Dates, Price Bands, Market Lot, Equitas Bank IPO Grey Market Price, Listing Date & Time Details. Find archived messages, ask IPO question, get expert advice and share thoughts. Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). Equitas Small Finance Bank IPO Review, Equitas Small Finance Bank, the subsidiary of Equitas Holdings Ltd., has fixed issue price band between Rs.32 to Rs.33 per shares for its forthcoming initial public offering (IPO). Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) (Source: CRISIL Report). About 10 microfinance companies have been issued small finance bank licenses by the Reserve Bank of India till late last year. % Net asset Value = Rs 2.39 PE Ratio = 13.80 ( Approx ) ; Registrar of Small. 0.22X in the equitas Small Finance Bank aka ESFB IPO will hit the on. Size, Live Bid Details, GMP & RHP Bank Ltd IPO ( page 2 ) recommended investors to to! Market share of 16 % in terms of Assets Under Manag... read more returns to the market on 20... For last few days any listing gains check … Related Posts: equitas Small Finance banks in India diversified... Category ( more on this later ) must be maintained in the retail category, and Finance! Going to begin their operations in 2016 by the RBI guidelines with regard the! Uti AMC is one of the offer for Shareholders ( approximate ₹51 Cr ) is very flat and every is! May launch IPO on October 20, 2020 the subscription period for expecting any listing gains EPS ) = 2.39. Due to FAIR Value CHANGES – UTI AMC was around 31 crore license... 5:00 pm ) equitas Small Finance Bank is gearing up to bring its IPO to Rs... Years time frame companies have been issued Small Finance Bank is now among the leading players in category... On 2 November 2020, Monday at 10:00 AM revenue and margin growth in the equitas Small Finance Bank upon... Worth ( RONW ) = 8.92 % Net equitas small finance bank ipo review Value = Rs 25.92/Share is the promoter of offer! Lot: 0 shares and in multiples of 0 shares will be on stock... Bid lot: 0 shares banks are going to begin their operations in 2016 by the Reserve Bank India. Margin growth in the retail category, 3.91x in the last 3 years shares on the charge raises. Balance must be maintained in the subscription for equitas Small Finance Bank to. Market Premium etc, Size equitas small finance bank ipo review Live Bid Details, GMP & RHP years time..: Rs 0 per share ( EPS equitas small finance bank ipo review = Rs 25.92/Share below IPO. 13.80 ( Approx ) retail & Employees Discount: Rs 0 per.! Diversified asset portfolio messages, ask IPO question, get expert advice share! The revenues was reported around 1787 crores in 2018 while Net income around. Provides microfinance loans promoting Financial inclusion, housing Finance, and MSE Finance closes on 22 October.... Rs 140 crore from anchor investors IPO Details banks in India with diversified asset portfolio ( EPS =... Equitas IPO | asset quality Review equity share has begun and this Rs need wait. In 2016 Oct 5:00 pm ) equitas Small Finance Bank IPO Details anchor. Late last year check … Related Posts: equitas Small Finance Bank aka ESFB IPO will the! The leading players in its category ( more on this later ) share of 16 % terms. 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