Equitas Small Finance Bank IPO

Business Overview

Equitas Small Finance Bank was the largest Small finance bank in terms of banking outlets and second largest in terms of assets under management and deposits in 2019.

They are providing Housing loans, agriculture loans, microfinance, vehicle finance and MSE finance. They have focused on customer segments including individuals with limited access to formal financing channels on account of their informal, variable and cash-based income profile

Promoters

Equitas Holdings Limited is the promoter of the company.

Financial Summary : Equitas Small Finance Bank

‘Fig in ‘Cr.’
 Jun’20Mar’20Mar’19Mar’18
Income
751.02,927.82,394.81772.9
Expenses693.32,684.22,184.31,741.1
Profit After Tax (PAT)57.7243.6210.631.8
EPS0.552.392.090.32

 

Equitas Small Finance Bank IPO Details

IPO Detail
Issue DatesOct 20 – Oct 22, 2020
Issue Size (Fresh Issue)Rs. 280.00 Cr 
Issue Size (Offer for Sale)Rs. 237.60 Cr
Face ValueRs. 10/- Per Share
Price BandRs. 32 – 33/-
Min Market Lot450 Shares
Listing PlatformNSE, BSE 
Min Investment Amt (Retail)Rs. 14,850/-
Max Investment Amt (Retail)Rs. 193,050/-

Equitas Small Finance Bank IPO Schedule

Offer Start DateOct 20, 2020
Offer End DateOct 22, 2020
Finalisation of basis of allotmentOct 27, 2020
Initiation of RefundsOct 28, 2020
Credit of shares to Demat A/cOct 29, 2020
Listing DateNov 02, 2020

Equitas Small Finance Bank IPO Registrar

Kfin Technologies Pvt Ltd

Selenium, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India

Phone: 18003454001
Email: einward.ris@kfintech.com
Website: https://www.kfintech.com

Equitas Small Finance Bank IPO Lead Manager(s)

  • Edelweiss Capital Limited
  • IIFL Holdings limited
  • JM Financial Consultants Private Limited
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