Equitas Small Finance Bank Ltd IPO (Equitas Small Finance Bank IPO) Detail

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

Company Promoters:

Equitas Holdings Limited is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
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

Objects 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 Details

IPO Date
Issue TypeBook Built Issue IPO
Issue Size
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹550.00 Cr)
Offer for Sale80,000,000 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 AtBSE, NSE

Note:

  • Investors Portion: QIB = Not More than 50% of the offer, NII = Not less than 15% of the offer and Retail = Not less than 35% of the offer
  • Employee Reservation Portion:₹5 cr
  • Shareholders Reservation Portion: ₹100 cr

Equitas Small Finance Bank IPO Prospectus

Equitas Small Finance Bank IPO Rating

211
4.2
Rating:Rated 4.2 stars

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Equitas Small Finance Bank IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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 Small Finance Bank IPO Registrar

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 FAQs

  1. 1. What is Equitas Small Finance Bank IPO?

    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.

  2. 2. When Equitas Small Finance Bank IPO will open?

    The Equitas Small Finance Bank IPO dates are not announced. Please check back again after some time.

  3. 3. How to apply for Equitas Small Finance Bank IPO?

    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.

  4. 4. When Equitas Small Finance Bank IPO allotment?

    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.

  5. 5. When is Equitas Small Finance Bank IPO listing date?

    The Equitas Small Finance Bank IPO listing date is not yet announced. The tentative date of Equitas Small Finance Bank IPO listing is [.].
  6. 6. What is the lot size of Equitas Small Finance Bank IPO?

    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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Equitas Small Finance Bank IPO Review / Comments

JAYESH M
48. JAYESH M  Apr 21, 2020 19:22
when this ipo is coming
Cautious ipo
47. Cautious ipo  Mar 11, 2020 18:24
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Equitas seems very lazy and corrupt sfb as repeatedly ignoring rbi order to be list before 8 september 2019 and again before 31 march and facing penalty from rbi baning of opening new branch. Beware of equitas corrupt sfb as its potential to become another yes bank seems in view of hesitation to list its sfb so that inable to hide something from sebi ???
Durai Ezhilan P
47.1. Durai Ezhilan P  Mar 17, 2020 18:04
How come you are saying it is corrupt ??
do you have any proof ??
Devenblt
46. Devenblt  Mar 16, 2020 16:09
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Admin sir
Apko ab bhi ye lagta hai ki ye ipo March main aayega.

This ipo not coming till market conditions in favour of this.

Kindly close this page

techuser
46.1. techuser  Mar 16, 2020 17:21
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Agree, are bhai ye to kya, iska bap bhi nahi ayega, next 3-6 months, no IPO will come. Forget now IPO in 2020!
techuser
45. techuser  Mar 16, 2020 15:20
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
I think we should close this page as of now, I don't think Equitas managemnt will dare to even think of IPO.
Devenblt
44. Devenblt  Mar 6, 2020 17:55
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Bajaj group sub
Vibhor Saxena
44.1. Vibhor Saxena  Mar 15, 2020 01:47
Bajaj finace, auto, finserv
Devenblt
43. Devenblt  Mar 13, 2020 22:56
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Equitas gmp
Vaaru
42. Vaaru  Mar 11, 2020 20:06
For Equitas Small Finance Bank listing required in FY 19-20, so this IPO will come in bed market situation.
Devenblt
41. Devenblt  Mar 5, 2020 15:42
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Equitas any tentative dates
Vinay A
41.3. Vinay A  Mar 11, 2020 13:24
Market will stable in near time so don't worry thanks
techuser
41.4. techuser  Mar 16, 2020 15:21
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Are bhai ye ab 2-3 sal ke bad ayega, bhul jao ise :)
BNA
40. BNA  Mar 8, 2020 17:46
If I buy 1 share of equitas holding tomorrow, wil I be eligible for shareholder category?
Rekha Rawat
40.1. Rekha Rawat  Mar 9, 2020 10:06
Yes
Julu
40.2. Julu  Mar 10, 2020 17:05
Yes u r
Devenblt
39. Devenblt  Mar 8, 2020 10:03
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Can yes bank application for sbi card cancelled
Julu
39.1. Julu  Mar 10, 2020 17:05
No
pjindal
38. pjindal  Mar 6, 2020 16:18
Can i buy shares of Equitas 9th March to eligible in shareholder quota
Rekha Rawat
38.1. Rekha Rawat  Mar 9, 2020 10:07
Yes
HARI MODI
37. HARI MODI  Mar 8, 2020 09:34
What is price band of Equitas Small Finance Bank IPO
Rekha Rawat
37.1. Rekha Rawat  Mar 9, 2020 10:07
Not announced yet
Cautious ipo
36. Cautious ipo  Mar 6, 2020 08:50
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
As expected this week ujjivan sfb test 39 ...nicely
~~~~~~
Feb 28, 2020 10:58 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Ujjivan sfb available at 47 and may fall upto 41 next week. .. better equitas priced ipo at 31/33 to sail through
Cautious ipo
36.2. Cautious ipo  Mar 9, 2020 10:00
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Thats why i predict bhai
Cautious ipo
36.3. Cautious ipo  Mar 18, 2020 13:05
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Equitas at 50 ...how can its ipo at 53
Devenblt
35. Devenblt  Mar 6, 2020 17:53
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yes bank merge with sbi its gud for sbi or not
harit
35.3. harit  Mar 7, 2020 17:00
IPO Guru IPO Guru (1400+ Posts, 2500+ Likes)
'market over reacted on RBI steps, if sbi needed we would like to be co investor in YB
--deepak parekh (hdfc)"

Rbi done tremendous job by steping in timely
-uday kotak(kotak bank)

We are seeing VALUE INVESTING in YB
---sbi chair man

It's a short term pain for both banks
Private sector banks and NBFCs
Are always in risks when promoters fail or forget their duties
That's why RBI very strict to dilute promoters stakes below 25/30 %
In YB they gave loans to dhfl,dhfl in return gave loans to rana kapoor 's shell co.
Also some parts of money went to iqbal mirchi a close aid of d company
Same modus operandi adopted in ICICI banks ceo chanda kochar also in PMC hdil debacle
Above all
each and every time
AS USUAL
C.A done nothing

We poor people and investors
Know everything at last
Cautious ipo
35.4. Cautious ipo  Mar 8, 2020 08:57
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
SBi fair value 180 rs ....all sbi subsidiaries ex , already merged in sbi and yes bank too bound to merged later
Hero of stock
34. Hero of stock  Mar 6, 2020 21:05
Equities bhaiya aap abhi mat aana nahi to itna pitoge ki rona bhul jaoge.
Devenblt
33. Devenblt  Mar 6, 2020 17:53
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gmp any equitas
Ar Shams
32. Ar Shams  Feb 26, 2020 23:21
Can I buy shares of Equitas Ltd on 28 February 2020 to make myself eligible as shareholder to apply in this Equitas Small Finance Bank Ltd IPO ❓

On which day RHP for this IPO has been filed or yet to be filed❓

Expert opinion is eagerly awaited for the prompt buying of shares on 28 February 2020.
Paymzia
32.5. Paymzia  Mar 5, 2020 07:54
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@sundar M
Why are waiting buy one
ASHISH JHANWAR
32.6. ASHISH JHANWAR  Mar 6, 2020 11:38
@darpan bilandi dimag lga k to bolo ky bol rehe ho jo
voa aisa isly puch rhe bcz agr abhi buy kar le or drhp kbka file ho gya ho to shareholder me nhi apply kr skte h na
Hiren LM
31. Hiren LM  Mar 5, 2020 07:55
Beware
Equitas Holdings traded at lower price than IPO price of 110
IPO Jackpot
31.1. IPO Jackpot  Mar 5, 2020 18:34
PL do not spread rumours. Price of equitas holding has no relevance with price of equitas small finance bank.
Understand the basics before making such statement
Hiren LM
31.2. Hiren LM  Mar 6, 2020 08:14
It's not rumour.
It's reality.
Promoters of Equitas Holdings and Equitas Bank are same.
In today's scenerio, will you invest in any IPO promoted by ADA Group, DHFL Group?
I am not saying do not invest, but be cautious.
Devenblt
30. Devenblt  Mar 5, 2020 15:41
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Equitas any gmp
Devenblt
29. Devenblt  Mar 5, 2020 15:41
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sbi gmp







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