Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels.
Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.
Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.
Equitas offer a range of financial products and services including:
1. Microfinance
Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. Company is fifth largest microfinance company in India in terms of gross loan portfolio.
2. Vehicle Finance
Equitas offers used commercial vehicle finance to customers. Company is among a few NBFCs in India operating in the used commercial vehicle finance business.
3. Micro and Small Enterprise (MSE) Finance
Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises.
4. Housing Finance
Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. A majority of its
micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record.
Equitas Competitive Strengths:
1. Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill
2. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities
3. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies
4. Diversified product offering and markets with significant cross-selling opportunities.
5. Experienced management and strong employee engagement
6. Commitment to social initiatives
The Issue comprises of a Fresh Issue and an Offer for Sale.
1. Offer for Sale
Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue
Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
Investment in our Subsidiaries to augment their capital base to meet their future capital requirements arising out of growth in the business; and General Corporate Purposes.
IPO Opening Date | Apr 5, 2016 |
IPO Closing Date | Apr 7, 2016 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹109 to ₹110 per equity share |
Market Lot | 135 Shares |
Min Order Quantity | 135 Shares |
Listing At | BSE, NSE |
Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹2,175.00 Cr) |
The Equitas Holdings IPO market lot size is 135 shares. A retail-individual investor can apply for up to 13 lots (1755 shares or ₹193,050).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 135 | ₹14,850 |
Maximum | 13 | 1755 | ₹193,050 |
The public issue of Equitas consist of:
The Equitas Holdings IPO is subscribed 17.21x times on Apr 7, 2016 22:30. The public issue subscribed 1.40x in the retail category, 14.93x in the QIB category, and 57.29x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 14.93x |
NII | 57.29x |
RII | 1.40x |
Employee | 0.89x |
Total | 17.21x |
Listing Date | Thursday, April 21, 2016 |
BSE Script Code | 539844 |
NSE Symbol | EQUITAS |
Listing In | B |
ISIN | INE988K01017 |
IPO Price | ₹110 per equity share |
Face Value | ₹10 per equity share |
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Equitas Holdings Limited
410A, 4th Floor, Spencer Plaza,
Phase II, No. 769, Mount Road,
Anna Salai, Chennai 600 002
Phone: 044 4299 5000
Email: corporate@equitas.in
Website: http://www.equitas.in/
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@karvy.com
Website: https://karisma.kfintech.com/
Equitas Holdings IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. The issue is priced at ₹109 to ₹110 per equity share. The minimum order quantity is 135 Shares.
The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Equitas Holdings IPO opens on Apr 5, 2016 and closes on Apr 7, 2016.
Equitas Holdings IPO lot size is 135 Shares and the minimum order quantity is 135 Shares.
You can apply in Equitas Holdings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Equitas Holdings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Equitas Holdings IPO allotment status.
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