October 20, 2020 - October 22, 2020

Equitas Small Finance Bank IPO Review & Recommendations

ICICI Direct has given "Apply" recommendation to Equitas Small Finance Bank IPO. Dilip Davda and InvestorGain.com have given "May Apply" recommendation to Equitas Small Finance Bank IPO. Angel One has "Neutral" view about the IPO. Capital Market recommend to "Avoid" the IPO.Axis Capital, HDFC Securities Limited, JM Financial Institutional Securities and Quantum Securities Pvt. Ltd have "Not Rated" the IPO.

Equitas Small Finance Bank IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	2	1	1	4
%	11.11	22.22	11.11	11.11	44.44

Equitas Small Finance Bank IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Angel One	Neutral
Axis Capital	Not Rated
Capital Market	Avoid
Dilip Davda	May Apply
HDFC Securities Limited	Not Rated
ICICI Direct	Apply
JM Financial Institutional Securities	Not Rated
Quantum Securities Pvt. Ltd	Not Rated
InvestorGain.com	May Apply

Equitas Small Finance Bank IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Equitas Small Finance Bank IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

Equitas Small Finance Bank IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company that was primarily the micro finance company is now turning small finance bank with diverse financial services. Based on Q1 FY21 earnings, the issue appears aggressively priced. Sustainability of such performance is doubtful with ongoing agitations by weaker sections for waiver of interest and PIL filed in Supreme Court in this regard (hearing is scheduled for first week of November 2020). Thus in near term, banking industry in general and SFBs/MFIs in particular are likely to face some setbacks. Considering these, investors may consider investment for long term. Read detail review...

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