Equitas Small Finance Bank Ltd IPO

Mainboard

Bank - Private

Listed On: Nov 2, 2020 at ₹ 31.10

₹ 14850 /450 Shares

Check Allotment

Price Summary

Last Closing

62.72 (90.06%)

52 Week High

116.50

52 Week Low

62.00

Last Update

25-Nov-2024 3:30 PM

IPO Live Subscription Details

Date

2020-10-22 17:00:00

QIBs

3.91

NII

0.22

Retail

2.08x

Employee

1.84x

Total

1.95 times

IPO Details

20 Oct, 2020

Open Date

22 Oct, 2020

Close Date

28 Oct, 2020

Allotment Date

02 Nov, 2020

Listing Date

Issue Price

₹32 to ₹33 per equity share

Shareholder Discount: ₹0
Employee Discount: ₹0

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

31.10

Listing Date

2020-11-02

Market Lot

450 Shares (₹14,850/-)

Lead Manager

Edelweiss Financial Services Ltd
IIFL Holdings Limited
JM Financial Consultants Private Limited

Issue Size

Total Equity Shares 15,68,48,485 of Rs 10/- at price of Rs 32/- to Rs 33/- with aggregating up to Rs 517.6/- Cr

Fresh Issue: 8,48,48,485 Equity Shares of Rs 10/- at price of Rs 32/- to Rs 32/- with aggregating up to Rs 280/- Cr

Offer for Sale: 7,20,00,000 Equity Shares of Rs 10/- at price of Rs 32/- to Rs 33/- with aggregating up to Rs 237.6/- Cr

Retail Portion

N/A

Subscription

1.95 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Share Holder	Total
Shares Offered / Reserved	27,975,001	21,487,500	50,137,500	312,500	15,937,500	115,850,001
Day 1 - 20-10-20 05:00 PM	0.00 x	0.02	0.85 x	0.59 x	0.14 x	0.39 x
Day 2 - 21-10-20 05:00 PM	0.05 x	0.05	1.42 x	0.97 x	0.24 x	0.67 x
Day 3 - 22-10-20 05:00 PM	3.91 x	0.22	2.08 x	1.84 x	0.41 x	1.95 x

Valuations

Earnings Per Share (EPS)

₹2.15/-

P/E Ratio

15.42

RoNW

8.92%

Net Asset Value (NAV) - Post Issue

₹26.47

Company Financials All values are in ₹ Cr.

	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Assets	20,892.13	19,314.54	15,762.69	13,301.15
Revenue	750.96	2,927.79	2,394.83	1,772.90
Profit After Tax	57.67	243.63	210.56	3,183

About The Company

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 a license from the Reserve Bank of India 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Equitas Small Finance Bank Limited	1.32	15.42	8.92	2927.80 Cr.
DCB Bank Limited	0.69	7.03	9.83	3927.73 Cr.
AU Small Finance Bank Limited	5.21	33.30	15.66	4991.98 Cr.
Bandhan Bank Limited	3.39	18.62	18.23	12,434.69 Cr.
Ujjivan Small Finance Bank Limited	1.72	14.36	6.87	3025.81 Cr.
Sundaram Finance Limited	2.60	19.70	13.20	4722.53 Cr.
CreditAccess Grameen Limited	3.66	33.07	11.06	170 Cr.

IPO - Ratings

Angel Broking	Neutral
Capital Market	42 on 100
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- Promoter(s)

Company Promoter(s)

Equitas Holdings Limited

IPO - Issue Objectives

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.

IPO - FAQs

Ans. Equitas Small Finance Bank Ltd IPO is a Mainboard IPO. The issue is priced at ₹32 to ₹33 per equity share Shareholder Discount: ₹0 Employee Discount: ₹0. The minimum order quantity is 450 Shares. The IPO opens on Oct 20, 2020, and closes on Oct 22, 2020. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Equitas Small Finance Bank Ltd IPO opens on Oct 20, 2020 and closes on Oct 22, 2020.

Ans. The size of Equitas Small Finance Bank Ltd IPO is Total Equity Shares 15,68,48,485 of Rs 10/- at price of Rs 32/- to Rs 33/- with aggregating up to Rs 517.6/- Cr Fresh Issue: 8,48,48,485 Equity Shares of Rs 10/- at price of Rs 32/- to Rs 32/- with aggregating up to Rs 280/- Cr Offer for Sale: 7,20,00,000 Equity Shares of Rs 10/- at price of Rs 32/- to Rs 33/- with aggregating up to Rs 237.6/- Cr.

Ans. The IPO price band is set between ₹32 to ₹33 per equity share Shareholder Discount: ₹0 Employee Discount: ₹0.

Ans. To apply for Equitas Small Finance Bank Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Equitas Small Finance Bank Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Equitas Small Finance Bank Ltd IPO is Oct 28, 2020.

Ans. The Equitas Small Finance Bank Ltd IPO will be listed on Nov 2, 2020.

Ans. Follow the steps to check the allotment status for Equitas Small Finance Bank Ltd IPO here.