The Equitas Small Finance Bank IPO date has been confirmed from October 20, 2020, and closes on October 22, 2020. Read the post to learn about Equitas Small Finance Bank IPO GMP.
Equitas Small Finance Bank IPO is a book-built issue of Rs 517.60 crores. The issue consists of a fresh issue of Rs 280.00 crore and an offer to sell 7.2 crore shares.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Equitas Small Finance Bank IPO:
Bidding Dates
October 20 – 22
Price Range
₹32 to ₹33 per share
Face Value
₹10 per share
GMP
₹1
Equitas Small Finance Bank GMP
The Equitas Small Finance Bank IPO GMP Today is ₹[1].
Equitas Small Finance Bank IPO Overview
Equitas Small Finance Bank’s IPO bidding began on October 20, 2020, and closed on October 22, 2020. The allotment for the Equitas Small Finance Bank IPO was concluded on Tuesday, October 27, 2020. The shares were listed on the BSE and NSE on November 2, 2020.
Equitas Small Finance Bank’s IPO price range is set at ₹32-₹33 per share. The minimum lot size for an application is 450 shares. The minimum investment for retail investors is ₹14,850.
Equitas Small Finance Bank IPO GMP Rates Day By Day With Kostak Rates
- Grey market premium as on today is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 29-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 28-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 27-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 26-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 25-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 24-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 23-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 22-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 21-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 20-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 19-10-2020 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹1000
- Grey market premium as on 18-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹2000
- Grey market premium as on 17-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹1500
- Grey market premium as on 16-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹1500
- Grey market premium as on 15-10-2020 is ₹3-5, Kostak ₹N/A & Subject to Sauda is ₹1500
- Grey market premium as on 14-10-2020 is ₹3-5, Kostak ₹N/A & Subject to Sauda is ₹1500
- Grey market premium as on 13-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹1500
- Grey market premium as on 12-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹1500
- Grey market premium as on 11-10-2020 is ₹12-15, Kostak ₹300 & Subject to Sauda is ₹3000
- Grey market premium as on 10-10-2020 is ₹12-15, Kostak ₹300 & Subject to Sauda is ₹3000
- Grey market premium as on 09-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹2500
- Grey market premium as on 08-10-2020 is ₹8-10, Kostak ₹N/A & Subject to Sauda is ₹2500
Equitas Small Finance Bank IPO Date & Price Band Details
| IPO Date | October 20, 2020 to October 22, 2020 |
| Listing Date | November 2, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹32 to ₹33 per share |
| Lot Size | 450 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹517.60 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹280.00 Cr) |
| Offer for Sale | 72,000,000 shares of ₹10 (aggregating up to ₹237.60 Cr) |
| Retail Discount | Rs 0 per share |
| Employee Discount | Rs 0 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Equitas Small Finance Bank IPO Market Lot
Investors can bid for a minimum of 450 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 450 | ₹14,850 |
| Retail (Max) | 13 | 5850 | ₹193,050 |
Equitas Small Finance Bank IPO Allotment & Listing Dates
Equitas Small Finance Bank IPO opens on October 20, 2020, and closes on October 22, 2020.
| IPO Open Date | Tuesday, October 20, 2020 |
| IPO Close Date | Thursday, October 22, 2020 |
| Basis of Allotment | Tuesday, October 27, 2020 |
| Initiation of Refunds | Wednesday, October 28, 2020 |
| Credit of Shares to Demat | Thursday, October 29, 2020 |
| Listing Date | Monday, November 2, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 22, 2020 |
Equitas Small Finance Bank IPO Company Financial Report
| Particulars | For the year/period ended (Rs in Million) | ||||
| 30-Jun-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 208,921.39 | 193,145.47 | 157,626.91 | 133,011.50 | |
| Total Revenue | 7,509.68 | 29,277.95 | 23,948.32 | 17,729.03 | |
| Profit After Tax | 576.71 | 2,436.35 | 2,105.66 | 318.31 | |
Equitas Small Finance Bank IPO Reservation
Equitas Small Finance Bank IPO offers 115,850,001 shares. 27,975,001 (24.15%) to QIB, 21,487,500 (18.55%) to NII, 50,137,500 (43.28%) to RII, 312,500 (0.27%) to employees. 111,416 RIIs will receive a minimum of 450 shares, and (sNII) and (bNII) will receive a minimum of 6,300 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 27,975,001 (24.15%) | NA |
| NII (HNI) Shares Offered | 21,487,500 (18.55%) | |
| Retail Shares Offered | 50,137,500 (43.28%) | 111,416 |
| Employee Shares Offered | 312,500 (0.27%) | NA |
| Other Shares Offered | 15,937,500 (13.76%) | NA |
Company Profile
Equitas Small Finance Bank Ltd is a small financial bank. It provides banking goods and services to its consumers. The firm’s financial products and services include providing small business loans comprising LAPs, housing, and agriculture loans to micro-entrepreneurs, microfinance, used and new commercial vehicle loans, Micro and Small Enterprises loans, etc. Treasury, Corporate / Wholesale Banking, Retail Banking, and Other Banking Business are the company’s segments. The company generates a majority of its revenue from the retail banking segment.
The retail banking segment includes lending to and deposits from retail customers and identifying earnings and expenses for the segment. Its services include retail banking business focusing on micro-finance, commercial vehicle finance, home finance, loan against property, and corporate finance, and it provides financing solutions for individuals and micro and small enterprises (MSEs).
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Equitas Small Finance Bank Ltd |
| Phone number | +91 44 4299 5000 |
| Email ID | [email protected] |
| Website | https://www.equitasbank.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Equitas Small Finance Bank FAQs
When Equitas Small Finance Bank IPO will open?
The Equitas Small Finance Bank IPO opens on October 20, 2020 and closes on October 22, 2020.
What is the lot size of Equitas Small Finance Bank IPO?
Equitas Small Finance Bank IPO lot size is 450 Shares, and the minimum amount required is ₹14,850.
When is Equitas Small Finance Bank IPO allotment?
The finalization of Basis of Allotment for Equitas Small Finance Bank IPO will be done on Tuesday, October 27, 2020, and the allotted shares will be credited to your demat account by Thursday, October 29, 2020.
When is Equitas Small Finance Bank IPO listing date?
The Equitas Small Finance Bank IPO listing date is on November 2, 2020.
Leave a Reply