Equitas small finance bank IPO

Equitas Small Finance Bank IPO, Date, GMP, Price Band ₹32-33

Equitas Small Finance Bank is the subsidiary of Equitas Holdings and it is finally launching its IPO on Oct. 20. 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.

The company provides small business loan, microfinance, vehicle loans, MSE Finance, corporates and mortgage loan. The bank also provides saving account, current account and savings such as FD with good interest rates to retail customers.

Equitas IPO Listing

The Equity Shares to be Allotted through thisRed Herring Prospectus are proposed to be listed ontheStock Exchanges. Our Bank has received ‘in-principle’ approvals from BSE and NSE for the listing of the Equity Shares pursuant to their letters dated December 31, 2019 and January 7, 2020, respectively. For the purposes of the Offer, the Designated Stock Exchange shall be NSE. A signed copy of this Red Herring Prospectus and the Prospectus shall be delivered to the RoC in accordance with Section 26(4) of the Companies Act 2013.

The Banks’ Core Values:

  • Customer First
  • Pride Of Performance
  • Fair And Transparent
  • Respect For People
  • Ownership

Operational Efficiency of Equitas SFB and its peers

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Equitas Small Finance Bank Financials

30-June-2031-Mar-2031-Mar-1931-Mar-18
Total Assets20,892.1419,314.5515,762.6913,301.15
Total Revenue7512,927.802,394.831,772.9
Profit after Tax57.67243.64210.5731.83
₹ in Crores

The promoter of the Equitas SFB is Equitas Holdings Ltd.

Management Team:

  1. Mr. Arun Ramanathan, Part time Chairman and Independent Director.
  2. Mr. Vasudevan Pathangi Narasimhan, MD and CEO.

Objectives of the issue:

The bank proposes to utilize the Net Proceeds from the fresh issue offer towards augmenting the Bank’s Tier I capital base to meet the future capital requirement.

Equitas Small Finance Bank IPO Dates

Bid / Offer opens onOct 20, 2020
Bid / Offer close onOct 22, 2020
Final AllotmentOct 27, 2020
Refund Initiate onOct 28, 2020
Share credit to demat accountOct 29, 2020
IPO Listing DateNov 2, 2020
Equitas IPO Important Dates

Equitas IPO Details

IPO DateOct 20, 2020 – Oct 22, 2020
Issue TypeBook Built Issue IPO
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹517.60 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹280.00 Cr)
Offer for Sale72,000,000 Eq Shares of ₹10
(aggregating up to ₹237.60 Cr)
Face Value₹10 per equity share
IPO Price₹32 to ₹33 per equity share
Minumum Investment₹14,850
Maximum Investment₹193,050
Market Lot Size450 Shares
Min Order Quantity450 Shares
Listing AtBSE, NSE

IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India – 500 032.

Phone: 1-800-3454001
Email: einward.ris@kfintech.com
Website: https://kfintech.com/

Company Contact Info

Equitas Small Finance Bank Ltd
4th Floor, Phase II, Spencer Plaza, No. 769,
Mount Road, Anna Salai, Chennai 600 002,
Tamil Nadu, India

Phone: +91 44 4299 5000
Email: secretarial@equitas.in
Website: https://www.equitasbank.com/

Equitas IPO FAQs

What is Equitas Small Finance Bank IPO?

Equitas small finance bank IPO is the mainboard IPO of aggregating up to ₹517.60 Crores face value of ₹10 each. IPO listed on NSE and BSE.

What is opening date of Equitas small finance bank IPO?

IPO opens on 20th october 2020 and close on 22nd october 2020.

What is the price of Equitas small finance bank IPO?

Price of the Equitas small finance bank IPO is ₹32 to ₹33 per equity share.

What is the minimum and maximum investment in Equitas small finance bank IPO?

Minimum investment in this IPO is ₹14,850 and maximum investment you can make is ₹193,050.

How to apply for Equitas small finance bank IPO?

You can apply for IPO through UPI and UPSTOX, Zerodha, IIFL Securities and other brockrage firm.

What is the listing date of Equitas Small Finance Bank IPO?

Equitas small finance bank IPO will list on Nov. 02, 2020.

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