Equitas Small Finance Bank (ESFB) IPO Detail, Review, IPO Form, Market Lot Details
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Equitas Small Finance Bank IPO
Equitas Small Finance Bank offer a range of banking products and services to customers with a focus on serving the financially unserved and undeserved customer segments in India.
Their strength lies in promoting financial inclusion within these segments, with their group beginning operations in 2007 as an NBFC providing microfinance loans through EMFL. They have been providing housing finance since 2011 through EHFL.
Equitas Small Finance Bank were 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 in Fiscal 2019.
They have been able to successfully diversify their loan portfolio and significantly reduce their dependence on their microfinance business as compared to other microfinance companies that have converted to SFBs.
Equitas Small Finance Bank have also been providing vehicle finance and MSE finance through the Erstwhile NBFC that received its asset finance license in 2012, primarily to economically disadvantaged households. While their business model has transitioned over the years, the provision of sustainable credit to unserved and undeserved segments has remained their core focus.
Equitas Small Finance Bank IPO Detail
Equitas Small Finance Bank aka ESFB IPO might hit the market on 22 October as per the speculations. Equitas Small Finance Bank IPO to raise Rs.280 crores. The Equitas Small Finance Bank was established in 2007 founded by Equitas. The headquarter is based in Chennai. The revenues was reported around 1787 crores in 2018 while net income was around 31 crore. Check out the Equitas Small Finance Bank IPO date, price band, and market lot details.
Equitas Small Finance Bank IPO Market Lot:
| IPO Open: | 20 October 2020 |
| IPO Close: | 22 October 2020 |
| IPO Size: | ₹280 Crore (Approx) |
| Face Value: | ₹10 |
| Price Band: | ₹34 – ₹35 Per Share |
| Listing on: | NSE & BSE |
| Retail Portion: | 35% |
| Equity: | 72,000,000 Shares ( As Per News) |
| Employee Discount: | NA |
| Lot Size: | Minimum 428 Shares & Maximum 5564 Shares |
| Minimum Amount: | ₹14,980 |
| Maximum Amount: | ₹1,94,740 |
Equitas Bank IPO – Basis of the Offer Price
The Offer Price will be determined by their Bank and the Promoter Selling Shareholder in consultation with the BRLMs, on the basis of assessment of market demand for the Equity Shares offered through the Book Building Process and on the basis of quantitative and qualitative factors as described below.
Qualitative factors are:
Some of the qualitative factors and their strengths which form the basis for computing the Offer Price are:
- Customer centric organization with a deep understanding of the unserved and underserved customer segments;
- Among the largest SFBs in India with a well-diversified asset portfolio;
- Strong retail liability portfolio with a strategic distribution network;
- Customized credit assessment procedures for effective credit risk management;
- Technology as an enabler to drive operating procedures; and
- Professional management, experienced leadership and trained employee base
Equitas Small Finance Bank’s financial performance (in INR lakh)
- They have witnessed significant growth in their business, and in Fiscal 2019 had a market share of 16% in terms of assets under management in India (Source: CRISIL Report).
- Their Gross Advances (including IBPC issued) have grown from Rs.62,583.62 million as of March 31, 2017 to Rs.117,042.88 million as of March 31, 2019 and was Rs.132,072.87 million as of September 30, 116 2019.
- Of their Gross Advances (including IBPC issued), secured advances constituted 53.16% as of March 31, 2017 and increased to 70.71% as of March 31, 2019 and further increased to 73.91% as of September 30, 2019.
| ₹ in INR Lakh | |||||
| Revenue | Expense | Income | |||
| 2017 | x | x | x | ||
| 2018 | x | x | x | ||
| 2019 | x | x | x | ||
| 2020 | x | x | x | ||
Equitas Small Finance Bank IPO Allotment & Listing:
| Basis of Allotment: | 27 October 2020 |
| Refunds: | 28 October 2020 |
| Credit to Demat Account: | 29 October 2020 |
| Listing Date: | 30 October 2020 |
Equitas Small Finance Bank IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.0x | 0.0x | 0.0x |
| HNI | 0.0x | 0.0x | 0.0x |
| RII | 0.0x | 0.0x | 0.0x |
| EMP | 0.0x | 0.0x | 0.0x |
| Total | 0.0x | 0.0x | 0.0x |
Equitas Small Finance Bank IPO Form:
How to apply the Equitas Small Finance Bank IPO? You can apply IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Equitas Small Finance Bank IPO in the Invest section. The other option you can apply Equitas Small Finance Bank IPO via IPO forms download via NSE and BSE. Check out the Equitas Small Finance Bank AMC forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Equitas Small Finance Bank Promoters:
- EQUITAS HOLDINGS LIMITED
Equitas Small Finance Bank IPO Registrar:
KFIN Technologies Private Limited
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda
Serilingampally
Hyderabad 500 032, Rangareddi
Telangana, India
Tel: +91 40 6716 2222
E-mail: equitassmallfinance.ipo@kfintech.com
Investor grievance e-mail:
einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Muarli Krishna
SEBI Registration No.: INR000000221
Selenium, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda
Serilingampally
Hyderabad 500 032, Rangareddi
Telangana, India
Tel: +91 40 6716 2222
E-mail: equitassmallfinance.ipo@kfintech.com
Investor grievance e-mail:
einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Muarli Krishna
SEBI Registration No.: INR000000221
Equitas Small Finance Bank (ESFB) IPO Lead Managers:
- JM Financial Limited
- Edelweiss Financial Services Limited
- IIFL Securities Limited
Company Address:
Equitas Small Finance Bank Limited
4th Floor, Phase II,
Spencer Plaza, No. 769,
Mount Road, Anna Salai,
Chennai 600 002, Tamil Nadu
Tel: +91 44 4299 5000
Website: www.equitasbank.com
Contact Person: Sampathkumar K. Raghunathan
Company Secretary and Compliance Officer
E-mail: secretarial@equitas.in
Corporate Identity Number: U65191TN1993PLC025280
Equitas Small Finance Bank IPO FAQs:
When Equitas Small Finance Bank IPO will open for Anchor Investors?
The Anchor Investors bidding is not announced yet.
When Equitas Small Finance Bank IPO will open for QIB, NII, and Retail?
The IPO to open on – for QIB, NII, and Retail Investors.
What is Equitas Small Finance Bank IPO Investors Portion?
The investors’ portion for QIB–%, NII–%, and Retail–%.
How to Apply the Equitas Small Finance Bank IPO?
You can apply Equitas Small Finance Bank IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Equitas Small Finance Bank IPO Allotment Date?
Equitas Small Finance Bank IPO allotment date is not finalized yet. You can check IPO allotment here.
What is Equitas Small Finance Bank IPO Listing Date?
Equitas Small Finance Bank IPO listing date is not finalized yet. The IPO to list on NSE and BSE.