Incorporated in 1993, Madras based Equitas Small Finance Bank Ltd (ESFBL) in Fiscal 2019 was the largest small finance bank in India considering banking outlets and the 2nd largest small finance bank considering assets under management and total deposits. Unlike other microfinance companies, it has a diversified loan portfolio and less dependence on microfinance business. With the main focus on financially unserved and underserved customers, the bank offers a wide range of banking products and services.
The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Equitas Small Fin Bank offers financial products according to customers' income profile, type of security available and nature of business.
Apart from this, the bank also provides current accounts, salary accounts, savings accounts, other deposit accounts, ATM-cum-debit cards, mutual fund products, third party insurance, and issuance of FASTags.
ESFBL follows credit assessment procedures through a risk management framework which is analyzed by its Risk Management Committee. As on 30th Sep 2019, it has the largest distribution channel among Small Finance Banks (SFBs) including 853 Banking Outlets and 322 ATMs in India across 15 states and union territories.
Competitive Strengths
1. A customer-centric organization with a focus on unserved and underserved segment
2. A well-diversified asset portfolio as SFB
3. Strong retail liability portfolio
4. Credit assessment procedures
Equitas Holdings Limited is the promoter of the company.
| Particulars | For the year/period ended (₹ in Million) | ||||
|---|---|---|---|---|---|
| 30-Sep-19 (for 6 months) | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 172,124.63 | 157,626.91 | 133,011.50 | 92,501.28 | |
| Total Revenue | 13,659.39 | 23,948.32 | 17,729.03 | 12,126.98 | |
| Profit After Tax | 1,065.39 | 2,105.66 | 318.31 | 1,041.34 | |
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.
| IPO Date | |
| Issue Type | Book Built Issue IPO |
| Issue Size | |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹550.00 Cr) |
| Offer for Sale | 80,000,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | [.] to [.] Per Equity Share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
Note:
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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/
KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda, Serilingampally,
Hyderabad 500 032, Rangareddi Telangana, India
Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: http://www.kfintech.com
Equitas Small Finance Bank IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores.
The issue price of the IPO is [.] to [.] Per Equity Share. The minimum order quantity is per application and the offer type is Book Built Issue.
The Equitas Small Finance Bank IPO open and close dates are not available as of now.
KFin Technologies Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Equitas Small Finance Bank IPO dates are not announced. Please check back again after some time.
Equitas Small Finance Bank IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Equitas Small Finance Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Equitas Small Finance Bank IPO allotment status.
Equitas Small Finance Bank IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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Feb 28, 2020 10:58 I Like It. 1 | I Don't Like It. | Report Abuse
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Ujjivan sfb available at 47 and may fall upto 41 next week. .. better equitas priced ipo at 31/33 to sail through