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 | |
| Apply With | Free Angel Broking DEMAT Account | |
| Book Running Lead Managers | ||
| Grey Market Price | Equitas Bank IPO GMP | |
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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:
| 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 Apply Equitas Bank IPO Through ASBA?
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- ➡️How To Apply Equitas Bank IPO in Axis Bank Net banking?
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How to Check Equitas Bank IPO Allotment?
Check Equitas Small Finance Bank IPO Allotment Here:
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/ |
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Equitas Small Finance Bank IPO FAQs
The ESF Bank IPO opens on Oct 20, 2020, and closes on Oct 22, 2020.
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.
Equitas Bank IPO allotment date is Oct 27, 2020. You can check IPO allotment here.
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.