The current offer for sale is of 7.2 crore equity shares amounting to Rs 237.60 crores and a fresh issue of equity shares aggregating to Rs 237 crores. The initial public offering (IPO) of Equitas Small Finance Bank, the subsidiary of Equitas Holdings, opened for bidding on Tuesday. Equitas small finance bank initial public offerings (IPO) consists of a fresh issue aggregating up to rupees 280 crores and also an offer for sale up to 7.2 crore equity shares by Equitas holding limited, the holding company of the Equitas small finance bank. Equitas Small Finance Bank IPO would open for subscription on October 20, 2020. The issue price is … Updated: 18 Oct 2020, 12:28 PM IST Edited By Surajit Dasgupta. 520 Crore IPO is expected to give some decent returns to the investors. Equitas Small Finance Bank IPO Review| Equitas Bank IPO opens on 20 Otober at a lot size of 450 shares and the price band is fixed to Rs.32 - Rs.33. Equitas Small Finance Bank IPO Valuations. 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 is gearing up to bring its IPO to the market on October 20. This book-building offer is in line with the RBI guidelines with regard to the Small Finance Bank guidelines. The IPO will remain open for bidding until October 22. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. It has set a price band of Rs 32-33 for the IPO. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). It is a subsidiary of Equitas Holding Limited (EHL). Equitas Small Finance Bank IPO Subscription Details (22 Oct 5:00 pm) 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. Earnings Per Share (EPS) = Rs 2.39 PE Ratio = 13.80 (Approx). October 22. 32-33 per Share Issue Size Rs. Accordingly, Equitas Bank has to list its shares on the stock exchanges within a period of three years. 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. NEW DELHI: Equitas Small Finance Bank's Rs 500 crore initial public offering opened for subscription on Tuesday.The issue will remain open till October … The initial public offer (IPO) of Equitas Small Finance Bank received bids for 22.57 crore shares on Thursday, 22 October 2020, as against 11.58 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. They have a market share of 16% in terms of Assets Under Management in India. PB of 1.26x post considering fresh issue. Face Value = Rs 10. Equitas Holdings (EHL) Shareholders Reservation in IPO. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) opens for subscription today. The initial public offering (IPO) of Equitas Small Finance Bank, the subsidiary of Equitas Holdings, opened for bidding on Tuesday. By 5.30 pm, the IPO had received bids for 7.7 crore shares compared with the issue size of 11.58 crore shares. The Rs 518-crore Equitas Small Finance Bank initial public offer (IPO) will open for subscription on Tuesday, October 20, 2020. The subscription will remain open for investors from October 20 to October 22, 2020. The public offering from the SFB comprises a … 517.60 Crore Its IPO issue price is … Equitas Holdings Limited is the promoter of the company. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. The initial public offer (IPO) of Equitas Small Finance Bank was subscribed 1.94 times on October 22, the final day of bidding. Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. As of 12:00 pm, the IPO was subscribed 1.15 times. Equitas Small Finance Bank IPO: The lot size is 450 Equitas Small Finance Bank IPO opens this week: 10 things to know 2 min read. The company has … Equitas Small Finance Bank's Rs 500 crore initial public offering (IPO) opened for subscription on Tuesday. Equitas small finance bank opened Initial public offerings for subscription. Bank gives credit to unserved and underserved sections of the economy and its portfolio incorporates agri-loans, housing loans, LAP, micro-lending, and vehicle loans. The ₹518 crore IPO of Equitas Small Finance Bank will remain open for subscription until October 22. Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. The Equitas Small Finance Bank IPO—set to end on Oct. 22—comprises a fresh issue of up to 8.75 crore shares worth Rs 280 crore, and an offer-for-sale of 7.2 crore shares by parent Equitas … 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. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. Equitas Small Finance Bank (SFB)'s Rs 518 crore initial public offer (IPO) closes for bidding at 5:00 pm today i.e. ESFBL, the wholly-owned subsidiary of NBFC Equitas Holdings, provides agri-loans, housing loans, LAP, micro lending and vehicle loans to unserved and underserved segments of the economy. Equitas Small Finance Bank IPO Lot Size Minimum and Maximum. The scrip will be listed on 2nd November 2020. The bank filed the draft red herring prospectus with the regulator seeking approval for Rs 280 crores in fresh equity sales and 72,000,000 equities under an offer for sale scheme. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. The issue was subscribed 1.95 times. The subscription will close on October 22. Update soon. 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 Rs 518-crore initial public offering (IPO) of Equitas Small Finance Bank – a subsidiary of Equitas Holdings – opens today and will be available for subscription till Thursday, October 22. 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. NEW DELHI: The Rs 518 crore initial public offer (IPO) by Equitas Small Finance Bank was subscribed 67 per cent on Day 2 of the bidding process so far while the retail quota was fully subscribed.The issue was subscribed 39 per cent by the end of the first day. The 520 crore IPO of Equitas Small Finance Bank, which opened for membership, was bought in 0.51 times. Update soon. Equitas Small Finance Bank IPO Subscription Status. This bank was the largest small finance bank in India in Fiscal 2019. The closes on October 22. Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. The issue will remain open till October … Subscription: Equitas Small Finance Bank IPO ( x times) Consolidated Brokerage Views on Equitas Small Finance Bank IPO (Equitas SFB IPO) Angel Broking:”At the upper end of the price band, Equitas SFB demands Adj. IPO Particulars of Equitas Small Finance Bank Limited: IPO Opens on : 20 Oct 2020 IPO Closes on : 22 Oct 2020 Issue Type: Book Built Issue IPO PUBLIC OFFER OF UP TO 15 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (“EQUITY SHARES”) OF EQUITAS SMALL FINANCE BANK LIMITED FOR CASH AT A PRICE OF Rs. Equitas Small Finance Bank IPOs will make a market debut next week. 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. To check the Equitas Small Finance Bank IPO allotment status, go to the BSE website or NSE website. The Chennai-based small finance bank (SFB) has a price band fixed Rs 32-33 per share. 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. Stay informed with us to know the IPO lot size, IPO issue size, price band, DRHP, RHP, and other details. ; On BSE, Select ‘Equity’ and then from the dropdown, select ‘Equitas Small Finance Bank.’ The issue price is fixed in the price band of Rs 32-Rs 33 per share. 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