Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Maximum Amount: ₹1,94,740 Equitas Small Finance Bank IPO Allotment & Listing:. Listing Date: 2 November 2020. The Bank has a healthy ROA track record. Equitas Small Finance Bank IPO details: Subscription Dates: 20 -22 October 2020: Price Band: INR32 – 33 per share Fresh issue: INR280 crore: Offer For Sale Equitas SFB, the wholly-owned subsidiary of Equitas Holdings, has fixed the issue price … Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. is at 1.38913675063986 %. Equitas Small Finance Bank will be listed on Monday and Zee Business Managing Editor Anil Singhvi had advised investors to avoid this public offer citing that the offer price was slightly on a higher side. Equitas Small Finance Bank will make a market debut on October 20. The Average Monthly Balance must be maintained in the Equitas Small Finance Bank depend upon the region. Equitas small finance bank is the largest SFB in India in terms of highest number of banking outlets and the second largest SFB in terms of assets under management and total deposits. The ROA of Equitas Small Fin. The expected listing price of Equitas Small Finance Bank IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The total market cap of ESFB rose to ₹3,443.21 crore at 10:05 am. Basis of Allotment: 27 October 2020 Refunds: 28 October 2020 Credit to Demat accounts: 29 October 2020 Listing: 02 November 2020 Equitas Small Finance Bank IPO Form Download: The listing of the banking subsidiary has been in compliance with requirements of guidelines of licensing of small finance bank by RBI, Equitas Holdings said in a filing last week. Transfer of Shares to Demat Account: 29 October 2020. Equitas Small Finance Bank shares witnessed subdued listing on November 2, opening at a Rs 31, a 6 percent discount compared to its issue price of Rs 33 per share. Basis of Allotment: 27 October 2020 Refunds: 28 October 2020 Credit to Demat accounts: 29 October 2020 Listing: 02 November 2020 Read Also Equitas Small Finance Bank IPO price valuations 1) On the upper price band of Rs 33 and EPS of Rs 2.39 for FY20, the P/E ratio works out to be 13.8x. Equitas Small Finance Bank’s (SFB) Rs 518 crore initial public offer (IPO) will kick off on Tuesday, October 20, 2020. Equitas Small Finance Bank IPO Market Lot:. … Equitas Small Finance Bank initial public offer (IPO) made a listless listing on the bourses. 15.7 crore equity shares of Rs 10 Also read: Equitas Small Finance Bank Shares Close 0.6% Below IPO Price On Debut Equitas SFB IPO is going to be list on 2-11-2020. After two hiatuses, the initial public offer (IPO) of Equitas Small Finance Bank is set to open on Tuesday, October 20 with a price band of Rs 32-33 per share. Equitas Small Finance Bank Ltd is among the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits. The Equitas Small Finance Bank shares listed at ₹31, which is at a 6% discount to the IPO price band set at ₹32-33 per share. Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India.After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. Issue type. Book Built Issue IPO. NSE Code for Equitas SFB is TBD. Equitas Small Finance Bank IPO GMP (Grey Market Premium) As per the market conditions we can expect a good GMP for Equitas Small Finance Bank IPO with 20% listing gain. At the upper price limit, the bank intends to raise up to Rs 517.6 crore to augment its tier-I capital base to meet the future capital requirement. The ₹ 520 crore IPO of Equitas Small Finance Bank, which opened for subscription on Tuesday, was subscribed 0.51 times as of 1:15 pm on Day 2. The Lender is inefficiently managing it’s overall asset portfolio. Finalisation of Allotment: 27 October 2020 Initiation of Refunds: 28 October 2020. Equitas Small Finance Bank made a weak debut at the bourses as shares of the company listed at Rs 31, 6 per cent lower against the issue price of Rs 33 per share on the BSE on Monday. Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Equitas Small Finance Bank IPO Allotment & Listing:. Equitas Small Finance Bank IPO Subscription Status. It was not a good response in the subscription for Equitas small finance bank. 18 अक्तूबर 2020, 02:29 PM Listing At: NSE & BSE. Equitas Small Finance Bank IPO Market Lot:. The price band for the issue is fixed at Rs 32-33 per share. The Equitas Small Finance Bank IPO grey market premium gives some hint but the actual listing price is … The shares of Equitas Small Finance Bank (ESFB) ended at ₹32.75 on its first day of listing on the BSE Exchange. What are the expectations in this offer and what should the investors who are keen on this listing do to maximise gains Get more India News and Business News on Zee Business. ESFB is licensed by the RBI under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank. Equitas Holdings (EHL) Shareholders Reservation in IPO. Issue open. Equitas Small Finance Bank is the largest SFB in India in terms of the number of banking outlets, and the second-largest SFB in India in terms of assets under management and total deposits in Fiscal 2019. The listing of the banking subsidiary has been in compliance with requirements of guidelines of licensing of small finance bank by RBI, Equitas Holdings said in a filing last week. In a fixed price IPO offer, Equitas is launching its shares in the price band of Rs 34-35 apiece. The total IPO size of Rs 517.60 crores will contain both fresh scrips and an offer for sales shares from the promoter. However, the stock later trimmed losses to end 0.45 percent lower (as compared to issue price) at Rs 32. The IPO to list at flat rates as the grey market is flat for last few days. The Gross NPA and Net NPA stood at 2.72 % and 1.66 % respectively as on the latest financial year. Equitas Small Finance Bank (SFB) will list on bourses on November 2, 2020. Equitas Small Finance Bank का IPO इस हफ्ते खुलेगा, निवेश से पहले ये 10 बातें जान लीजिए. EQUITAS SMALL FINANCE Bank IPO Details. Equitas Small Finance Bank, the wholly-owned subsidiary of Equitas Holdings, will list on bourses on November 2, with the company fixing the issue price at Rs 33 per share.. Issue size. If the branch is in metro then the customer is required to maintain an amo From the opening price of Rs 31, the stock was up 6 percent at close. The IPO subscribed 1.95x times, QIB 3.91x, HNI 0.22x and RII 2.08x times overall. CHENNAI: Equitas Holdings, the holding company of Equitas Small Finance Bank, said it was confident of listing the small finance bank in the stock exchanges by March 2020, according to a note from the company in the quarterly results press statement. Equitas Small Finance Bank listed at Rs 31 on BSE, a 6 percent discount to the issue price of Rs 33 per share. The closes on October 22. Equitas Small Finance Bank (ESFB) is one of the largest small finance banks in India. Equitas Small Finance Bank is the subsidiary of Equitas Holdings and it is finally launching its IPO on Oct. 20. Let’s have a detailed review of the company and analytics of the Equitas Bank IPO release date, IPO offer price, subscription, Equitas Small Finance Bank Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. It is a subsidiary of Equitas Holding Limited (EHL). It was down by 0.76 per cent compared to its issue price. Update soon. Financial Performance of (in Crores) Equitas Small Finance Bank Oct 20, 2020 - Oct 22, 2022. Equitas Small Finance Bank IPO Time Line. Equitas Small Finance Bank IPO to list on NSE and BSE on 2 November 2020, Monday at 10:00 AM. Listing Estimate for Equitas Small Finance Bank Limited IPO : On Monday,With the huge volatility in the world market and subsequent effect on India Stock market due to increase in corona cases and uncertainties surrounding US president election, the hopes for positive listing of Equitas Small Finance bank IPO have declined sharply. New Delhi: Equitas Small Finance Bank (SFB) has launched an initial public offer (IPO) to raise Rs 280 crore through fresh issue of shares to boost its tier-I capital.Besides, its promoter Equitas Holdings (EHL) will sell shares worth up to Rs 238 crore to … Equitas Holdings Limited is the promoter of the company. At 10:01 am, the stock was trading 6.5 per cent lower at Rs 30.85, after hitting a … The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). 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