Equitas Small Finance Bank IPO (ESFB IPO) Allotment, Listing Price, Date & Time

Equitas Small Finance Bank Ltd IPO Review (ESFB IPO), Dates, Price Bands, Market Lot, Equitas Bank IPO Grey Market Price, Listing Date & Time Details

Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. The issue was earlier scheduled for subscription by the end of March 2020. However, the offer was put on hold due to the spread of COVID-19 disease.

The fresh issue of equity shares for its proposed IPO was revised recently downward to Rs 280 crore from Rs 550 crore planned earlier. The IPO consists of a fresh issue of 8 crore equity shares and an offer for sale of 7.2 crore equity shares.

About Equitas Small Finance Bank

Incorporated in 1993, Chennai 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. 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. 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.

Equitas Bank IPO – Issue Details:

Issuer Equitas Small Finance Bank Ltd (ESFBL)
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Oct 20, 2020
Issue Closes: Oct 22, 2020
Price Brand ₹32 to ₹33 per equity share
Issue Size ₹517.60 Crores (Approx)
Face Value Rs.10 per Equity Share
Market Lot 450 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Offer for Sale ₹237.60 Cr
Fresh Issue ₹280 Cr
Listing at NSE & BSE
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Equitas SFB IPO Dates & Price Band

 IPO Open: 20 October 2020
 IPO Close: 22 October 2020
 IPO Size: Approx ₹532 Crores
 Face Value:  ₹10 Per Equity Share
 Price Band: ₹32 – ₹33 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity: 72,000,000 Shares

Equitas Bank IPO Market Lot:

 Lot Size: Minimum 450 Shares & Maximum 5850 Shares
 Minimum Amount: ₹14850
 Maximum Amount: ₹193,050

Equitas Bank IPO Allotment & Listing Dates:

 Basis of Allotment: 28 October 2020
 Refunds: 29 October 2020
 Credit to Demat Account: 29 October 2020
 Listing Date: 02 November 2020

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 Financial

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
  30-Jun-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 208,921.39 193,145.47 157,626.91 133,011.50
Total Revenue 7,509.68 29,277.95 23,948.32 17,729.03
Profit After Tax 576.71 2,436.35 2,105.66 318.31

How to Apply for Equitas Bank IPO?

If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in MDL ltd IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.

How to Check Equitas Bank IPO Allotment?

Check Equitas Small Finance Bank IPO Allotment Here:
OR
Log on to https://ris.kfintech.com/ipostatus/

Note: Equitas Bank IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.

 # Option 1: BSE Website:

  • Go to BSE Website
  • Check box “Equity”
  • Select IPO Name UTI AMC
  • Type Your Application Number
  • Type Your Pan Number

# Option 2: KFintech Website:

  • Go to KFintech Website
  • Select IPO Name UTI AMC
  • Select Option from PAN Number, Application Number or Demat Account Number
  • As per selection add  PAN Number, Application Number or Demat Account Number

# Option 3: in Your Demat Account:

  • Call Your Broker or Login to Your Demat Account / Trading Account
  • Check the stock is credited to your account or not

# Option 4:  in Your Bank Account:

  • Login to your Bank Account
  • Check the Amount is debited or released
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, IndiaPhone: +91 44 4299 5000
Email: secretarial@equitas.in
Website: https://www.equitasbank.com/
What is IPO? आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है?
Equitas Small Finance Bank 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://karisma.kfintech.com/
Equitas Smaal Finance Bank IPO Allotment status

ris.kfintech.com Website (Click on the below Link)

https://ris.kfintech.com/ipostatus/

https://youtu.be/yRy-gXTUQEc

Final Words

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Equitas Small Finance Bank IPO FAQs

When Equitas Bank IPO will open?

The ESF Bank IPO opens on Oct 20, 2020, and closes on Oct 22, 2020.

What is ESF Bank IPO Listing Date?

Equitas Bank IPO listing date:- The tentative date of Equitas Small Finance Bank IPO listing is Nov 2, 2020. The IPO to list on NSE and BSE.

What is Equitas Bank IPO Allotment Date?

Equitas Bank IPO allotment date is Oct 27, 2020. You can check IPO allotment here.

How to Apply Equitas Bank IPO?

You can apply Equitas Bank IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. How to apply IPO through ASBA?

Steps to apply in Equitas Bank IPO through Zerodha

Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ‘Equitas Bank IPO’ row and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price. ‘Submit’ IPO application form. Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process for more detail.

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