Equitas Small Finance Bank IPO GMP (Grey Market Premium) As per the market conditions we can expect a good GMP for Equitas Small Finance Bank IPO with 20% listing gain. Equitas Bank IPO Market Lot and Investment Amount permalink. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). Equitas Small Finance Bank IPO Valuations. Equitas Small Finance Bank is the subsidiary of Equitas Holdings and it is finally launching its IPO on Oct. 20. 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. 2) For last 3 years EPS of Rs 1.94, the PE ratio is 17x. Equitas Small Finance Bank has recently done Pre-IPO Placement at Rs.52 per share. , will open its initial public offering (IPO) on October 20, 2020. Equitas Small Finance Bank IPO subscribed 1.95x times, QIB 3.91x, HNI 0.22x and RII 2.08x times overall. Oct 20, 2020 - Oct 22, 2022. Equitas Small Finance Bank IPO News: Equitas Small Finance Bank Limited will open the initial public offer (IPO) of equity shares of face value of Rs. Issue open. Equitas Small Finance Bank (ESFB) is one of the largest small finance banks in India. Kolkata: Equitas Holdings has decided to offer 47% of its ownership in Equitas Small Finance Bank to its existing shareholders. 15.7 crore equity shares of Rs 10 Equitas Small Finance Bank IPO Subscription Details (Day by Day) Equitas Small Finance Bank IPO subscribed 1.95 times.Equitas Small Finance Bank IPO received bids for 2.08 times issue size in retail, 3.91 times issue size in QIB, and 0.22 times issue size in … To invest in Equitas Small Finance Bank Ltd's initial public offering starting from 20th October 2020 you need to invest minimum Rs 14400, however you can also invest up to Rs 193050, considering the upper price of IPO Rs 33 and maximum allottable shares (5850 shares). October 22. Chennai-based Equitas Holdings is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels. Equitas Small Finance Bank made a weak debut at the bourses as shares of the company listed at Rs 31, 6 per cent lower against the issue price of Rs 33 per share on the BSE on Monday. Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) Equitas Small Finance Bank IPO opens: Should you subscribe? In a fixed price IPO offer, Equitas is launching its shares in the price band of Rs 34-35 apiece. Equitas Small Finance Bank (SFB)'s Rs 518 crore initial public offer (IPO) closes for bidding at 5:00 pm today i.e. Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Maximum Amount: ₹1,94,740 Equitas Small Finance Bank IPO Allotment & Listing:. Equitas Small Finance Bank is the wholly-owned subsidiary of NBFC Equitas Holding. Equitas Holdings had listed its shares in April 2016, followed by Ujjivan SFB parent Ujjivan Financial Services Ltd. 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. 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 GMP is going down from 10 to 3 and the subscription numbers also not looks convincing for the investors. As per the less response we might have the listing below the IPO price. Equitas Holdings (EHL) Shareholders Reservation in IPO. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. Equitas Small Finance Bank began trading on the stock exchanges at Rs 31 per share, soon after opening the stock price improved only to fall further after the initial few minutes of trade. Equitas Small Finance Bank FDs: Attractive short-term option Senior citizens looking for safe avenues can consider the one-year FD which offers 7.25% Day Trading Guide for December 11, 2020 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. 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. The basis of allotment for ₹518 crore initial public offering of Equitas Small Finance Bank will be announced on October 27, and listing is scheduled for November Equitas Small Finance Bank will make a market debut on October 20. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. The bank will then look to list the shares on the stock exchanges using a provision that allows companies to get listed without making an initial public offer of shares, managing director PN Vasudevan told ET. Equitas Small Finance Bank is a New Age Bank that gives children, youth, families and business people across India a new way to bank. Equitas Small Finance Bank IPO Market Lot:. Issue type. AU Small Finance Bank floated its IPO in 2017. They have a market share of 16% in terms of Assets Under Management in India. ESFB is licensed by the RBI under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank. The closes on October 22. Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). It is a subsidiary of Equitas Holding Limited (EHL). Equitas Holdings Limited is the promoter of the company. EQUITAS SMALL FINANCE BANK LIMITED Our Bank was originally incorporated as V.A.P. "At the upper price band of Rs 33, the IPO is priced at 1.25 times post-issue FY20 book value (BV). You can check Equitas Small Finance Bank … 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. About Equitas Small Finance Bank Ltd IPO. 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. As of 12:00 pm, the IPO was subscribed 1.15 times. This shows the market is not willing to give more value to the financial companies post COVID-19. they are coming up with an IPO at around 33-35 price band. Equitas Holdings IPO opens on 5 April in what is India’s first IPO of small finance bank. Check out Equitas Small Finance Bank IPO allotment status online. At 10:01 am, the stock was trading 6.5 per cent lower at Rs 30.85, after hitting a … 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. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. The Equitas Bank IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 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. Book Built Issue IPO. Equitas SFB will join Ujjivan SFB and PE-backed AU Small Finance Bank Ltd in going public. Equitas Holdings IPO. Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. Equitas Small Finance Bank IPO is going to hit the market on 20 October 2020.The company to raise around 517.60 crore via IPO. Equitas Small Finance Bank initial public offer (IPO) made a listless listing on the bourses. The total IPO size of Rs 517.60 crores will contain both fresh scrips and an offer for sales shares from the promoter. Ujjivan SFB went public last year with a strong investor turnout and bumper listing. Read more about Equitas Small Finance Bank IPO: Near-term risks may limit listing gains on Business Standard. 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. Equitas Small Finance Bank IPO comprises of fresh issuance of Equity Shares upto ₹ 280Cr and Offer for saleof up to 72,000,000 Equity Shares by promoters. Basis of Allotment: 27 October 2020 Refunds: 28 October 2020 Credit to Demat accounts: 29 October 2020 Listing: 02 November 2020 Equitas Small Finance Bank IPO Form Download: EQUITAS SMALL FINANCE Bank IPO Details. 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 is coming out with an IPO on October 20, 2020. The shares of Equitas Small Finance Bank IPO will be available in the lots of 450 and the price band has been fixed between Rs 32 - 33 per share Face Value = Rs 10. And now. 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. 520 Crore IPO is expected to give some decent returns to the investors. 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