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Equitas Small Finance bank IPO review

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If you are an Equitas Shareholder as of 11th Oct, then you can apply by Shareholder’s category as well.

IPO Info

Company Promoters Equitas Holdings Limited is the promoter of the company.
IPO Date Oct 20, 2020 – Oct 22, 2020
Issue Type Book Built Issue IPO
Issue Size [.] Eq Shares of ₹10 (aggregating up to ₹517.60 Cr)
Fresh Issue [.] Eq Shares of ₹10 (aggregating up to ₹280.00 Cr)
Offer for Sale 72,000,000 Eq Shares of ₹10 (aggregating up to ₹237.60 Cr)
Face Value ₹10 per equity share
IPO Price ₹32 to ₹33 per equity share
Retail Discount ₹0
Employee Discount ₹0
Market Lot 450 Shares
Min Order Quantity 450 Shares
Listing At BSE, NSE
Money Required 450 × 33 = 14850 (Given that the issue gets fully subscribed)
Max Lot 13 i.e. 13 × 14850 = 193050

Time table

Bid/Offer Opens On Oct 20, 2020
Bid/Offer Closes On Oct 22, 2020
Finalisation of Basis of Allotment Oct 27, 2020
Initiation of Refunds Oct 28, 2020
Credit of Shares to Demat Acct Oct 29, 2020
IPO Shares Listing Date Nov 2, 2020
Mandate End (UPI) Nov 8, 2020

Company Info

  • Founded in 1993, based in Chennai
  • In 2019 it was the largest SMFB in 2019 considering branch outlets and 2nd largest SMFB considering AUM-deposits
  • It has diversified loan portfolio and less dependency on micro finance companies
  • It provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance.
  • Equitas Small Fin Bank offers financial products according to customers’ risk ability
  • Its product are current accounts, salary accounts, savings accounts, other deposit accounts,
  • ATM-cum-debit cards, mutual fund products, third party insurance, and issuance of FASTags.
  • 853 Banking Outlets and 322 ATMs in India across 15 states and union territories.
  • 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.

Financials

Total Assets 208,921.39(30-Jun-20) 193,145.47(31-Mar-20) 157,626.91(31-Mar-19) 133,011.50(31-Mar-18)
Total Revenue 7,509.68(30-Jun-20) 29,277.95(31-Mar-20) 23,948.32(31-Mar-19) 17,729.03(31-Mar-18)
Profit After Tax 576.71(30-Jun-20) 2,436.35(31-Mar-20) 2,105.66(31-Mar-19) 318.31(31-Mar-18)

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 (Call here for any problems regarding mandate/allotment)
Email: [email protected]
Website: https://karisma.kfintec...m/

Information grabbed from
https://www.chittorgarh.com/ipo/equitas-small-f...

22 Comments  |  
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adrishya wrote:

why not waiting till last day?

Last day me issues ata, kabhi kabar mandate upi app me turant ni ata. Toh pahle se karlun, last date me bass cancel karni hai 5 baje se pahle

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MrKool_JJ wrote:

As of now it’s a no for me.
Let’s c what happens on Thursday.

Let’s C. Yashvant Kanetkar sir ne likha tha, yadd hai bhai???

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bikidas2060 wrote:

@malikcool @bumblefoot @guest_999 @BubbleBoyChickenLittle @THE_Beast @adrishya @drupal @Dastro @smartnsh @mrKool_JJ
I am applying today from both categories, gonna cancel it if it doesn’t get subscribed substantially.

I’ll subscribe on last day around 3pm subject to HNIs >200x minimum. Usfb HNIs figure was >400x, and yet it’s now trading way way lower than its issue price. So for probable Listing gains in Esfb, mini HNIs >200x mangta hai, otherwise Avoid. And that too in this market, listing gains are not guaranteed, halla gulla around Financials and US Prez just around the corner.
@adrishya @marketdimer @malikcool

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BubbleBoyChickenLittle wrote:

I’ll subscribe on last day around 3pm subject to HNIs >200x minimum. Usfb HNIs figure was >400x, and yet it’s now trading way way lower than its issue price. So for Listing gains in Esfb, mini HNIs >200x mangta hai, otherwise Avoid.
@adrishya @marketdimer @malikcool

USFB aur ESFB kya hai yaar?
Itna shortforms nai use kiya karo me peru nai hu o.O

200x HNI figures baap re bhai 50-60x se ab vishwas uth gya ? toungueout

Let us wait and watch.

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Avoid. Chances of discount listing

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MrKool_JJ wrote:

USFB aur ESFB kya hai yaar?
Itna shortforms nai use kiya karo me peru nai hu o.O

200x HNI figures baap re bhai 50-60x se ab vishwas uth gya ? toungueout

Let us wait and watch.

Ujjivan Small Finance Bank bro

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BubbleBoyChickenLittle wrote:

I’ll subscribe on last day around 3pm subject to HNIs >200x minimum. Usfb HNIs figure was >400x, and yet it’s now trading way way lower than its issue price. So for probable Listing gains in Esfb, mini HNIs >200x mangta hai, otherwise Avoid. And that too in this market, listing gains are not guaranteed, halla gulla around Financials and US Prez just around the corner.
@adrishya @marketdimer @malikcool

+1

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MrKool_JJ wrote:

USFB aur ESFB kya hai yaar?
Itna shortforms nai use kiya karo me peru nai hu o.O

200x HNI figures baap re bhai 50-60x se ab vishwas uth gya ? toungueout

Let us wait and watch.

60x-70x minimum should be by Qibs.
HNIs must be >200×.

Missing