Equitas Small Finance Bank IPO Date, Review, Price Band, Form & Market Lot Details

IPO Initial Public Offerings

Equitas Small Finance Bank aka ESFB IPO to hit the market on 22 October as per the speculations. Equitas Small Finance Bank IPO to raise Rs.517.60 crores. The Equitas Small Finance Bank was established in 2007 founded by Equitas. The headquarter is based in Chennai. The revenues was reported around 1787 crores in 2018 while net income was around 31 crore. Check out the Equitas Small Finance Bank IPO date, price band, and market lot details.
 

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

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

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

Equitas Small Finance Bank IPO Review:

  • Apply with Short Term and Long Term Gain

Brokerage Firm IPO Reviews:

  • ICICI Direct: Subscribe
  • Capital Market: Avoid

Equitas Small Finance Bank IPO Dates & Price Band:

 IPO Open: 20 October 2020
 IPO Close: 22 October 2020
 IPO Size: Approx ₹517.60 Crore (Approx)
 Face Value: ₹10 Per Equity Share
 Price Band: ₹32 – ₹33 Per Share
 Listing on: BSE & NSE
 Retail Portion: 35%
 Equity: 72,000,000 Shares

Equitas Small Finance Bank IPO Market Lot:

 Lot Size: Minimum 450 Shares & Maximum 5850 Shares
 Minimum Amount: ₹14,850
 Maximum Amount: ₹1,93,050

Equitas Small Finance Bank IPO Allotment & Listing:

 Basis of Allotment: 27 October 2020
 Refunds: 28 October 2020
 Credit to Demat Account: 29 October 2020
 Listing Date: 02 November 2020

Equitas Small Finance Bank IPO Form:

How to apply the Equitas Small Finance Bank IPO? You can apply Equitas Small Finance Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Equitas Small Finance Bank IPO in the Invest section. The other option you can apply Equitas Small Finance Bank IPO via IPO forms download via NSE and BSE. Check out the Equitas Small Finance Bank (ESFB) forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

Equitas Small Finance Bank (ESFB) Financial:

  ₹ in Crore
RevenueExpensePAT
2016
201712131109104.1
20181773174131.8
201923952184210.6
2020 Q1
13661259106.5

Company Promoters:

  • EQUITAS HOLDINGS LIMITED

Listed Industry Peer Group (Page #90 of RHP):

  • AU Small Finance Bank
  • Ujjivan Small Finance Bank
  • DCB Bank
  • City Union Bank
  • Bandhan Bank
  • Shriram City Union Finance
  • Shriram Transport Finance
  • Cholamandalam Investment & Finance
  • Mahindra & Mahindra Financial Services
  • Sundaram Finance
  • CreditAccess Grameen
  • Spandana Sphoorty Financial 


    Quick Links:

    DRHP Draft Prospectus
    RHP Draft Prospectus

    Equitas Small Finance Bank (ESFB) IPO Registrar:

    KFin Technologies Private Limited
    Selenium, Tower B, Plot No. 31 & 32
    Financial District, Nanakramguda
    Serilingampally
    Hyderabad 500 032, Rangareddi
    Telangana, India
    Tel: +91 40 6716 2222
    E-mail: [email protected]
    Investor grievance e-mail:
    [email protected]
    Website: www.kfintech.com
    Contact Person: M. Muarli Krishna
    SEBI Registration No.: INR000000221
    Note: Check Equitas Small Finance Bank IPO allotment status on KFintech website allotment URL. Click Here

    Equitas Small Finance Bank (ESFB) IPO Lead Managers:

    • JM Financial Limited
    • Edelweiss Financial Services Limited
    • IIFL Securities Limited

    Company Address:

    Equitas Small Finance Bank Limited
    4th Floor, Phase II,
    Spencer Plaza, No. 769,
    Mount Road, Anna Salai,
    Chennai 600 002, Tamil Nadu
    Tel: +91 44 4299 5000
    Website: www.equitasbank.com
    Contact Person: Sampathkumar K. Raghunathan
    Company Secretary and Compliance Officer
    E-mail: [email protected]
    Corporate Identity Number: U65191TN1993PLC025280

    Equitas Small Finance Bank IPO FAQs:

    When Equitas Small Finance Bank IPO will open for Anchor Investors?

    The Anchor Investors bidding date is 19 October 2020, Monday.

    When Equitas Small Finance Bank IPO will open for QIB, NII, and Retail?

    The IPO to open on 20 October 2020, Tuesday for QIB, NII, and Retail Investors.

    What is Equitas Small Finance Bank IPO Investors Portion?

    The investors’ portion for QIB-50%, NII-15%, and Retail-35%.

    How to Apply the Equitas Small Finance Bank IPO?

    You can apply Equitas Small Finance Bank IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply in Share Holders Quota?

    If you have atleast 1 share of Equitas Holdings in your demat account till 13th October 2020. You can apply in share holder and retail quota.

    What is the IPO Size?

    The IPO Size is 532 Crore with Offer for Sale of 280 crores and fresh issue 72,000,000 shares.

    What is Equitas Small Finance Bank IPO Allotment Date?

    Equitas Small Finance Bank IPO allotment date is 27 October 2020, Tuesday. You can check IPO allotment here.

    What is Equitas Small Finance Bank IPO Listing Date?

    Equitas Small Finance Bank IPO listing date is 2 November 2020, Monday. The IPO to list on NSE and BSE.

    Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)

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