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
Equitas Small Finance Bank Financials
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 20,892.14 | 19,314.55 | 15,762.69 | 13,301.15 |
| Total Revenue | 751 | 2,927.80 | 2,394.83 | 1,772.9 |
| Profit after Tax | 57.67 | 243.64 | 210.57 | 31.83 |
The promoter of the Equitas SFB is Equitas Holdings Ltd.
Management Team:
- Mr. Arun Ramanathan, Part time Chairman and Independent Director.
- 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 on | Oct 20, 2020 |
| Bid / Offer close on | Oct 22, 2020 |
| Final Allotment | Oct 27, 2020 |
| Refund Initiate on | Oct 28, 2020 |
| Share credit to demat account | Oct 29, 2020 |
| IPO Listing Date | Nov 2, 2020 |
Equitas IPO Details
| IPO Date | Oct 20, 2020 – Oct 22, 2020 |
| Issue Type | Book 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 Sale | 72,000,000 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 Size | 450 Shares |
| Min Order Quantity | 450 Shares |
| Listing At | BSE, 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
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.
IPO opens on 20th october 2020 and close on 22nd october 2020.
Price of the Equitas small finance bank IPO is ₹32 to ₹33 per equity share.
Minimum investment in this IPO is ₹14,850 and maximum investment you can make is ₹193,050.
You can apply for IPO through UPI and UPSTOX, Zerodha, IIFL Securities and other brockrage firm.
Equitas small finance bank IPO will list on Nov. 02, 2020.