The Equitas Small Finance Bank date has been confirmed from October 20 and ended on October 22
Equitas Small Finance Bank IPO is a book built issue of Rs 517.60 crores. The issue comprises of fresh issue of Rs 280.00 crore and offer for sale of 7.2 crore shares.
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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 is ₹[1].
IPO Overview
Equitas Small Finance Bank IPO bidding started from October 20, 2020 and ended on October 22, 2020. The allotment for Equitas Small Finance Bank IPO was finalized on Tuesday, October 27, 2020. The shares got listed on BSE, NSE on November 2, 2020.
Equitas Small Finance Bank IPO price band is set at ₹32 to ₹33 per share. The minimum lot size for an application is 450 Shares. The minimum amount of investment required by retail investors is ₹14,850.
Equitas Small Finance Bank IPO GMP Rates Day By Day With Kotak 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 below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 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 minimum 450 shares and (sNII) and (bNII) will receive minimum 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 finance bank. It offers banking products and services to customers. The firm’s financial products and services include providing small business loans comprising LAPs, housing loans, and agriculture loans to micro-entrepreneurs, microfinance, used and new commercial vehicle loans, Micro and Small Enterprises loans, etc. Its segments include Treasury, Corporate / Wholesale Banking, Retail Banking, and Other Banking Business. 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 identified earnings and expenses of 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 | einward.ris@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Equitas Small Finance Bank Ltd |
| Phone number | +91 44 4299 5000 |
| Email ID | secretarial@equitas.in |
| Website | https://www.equitasbank.com/ |
IPO Strenghts
- 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.
