Equitas Small Finance Bank Ltd Incorporated in 1993, Chennai based Equitas Small Finance Bank Ltd (ESFBL) was the largest small finance bank in India in Fiscal 2019 considering banking outlets and the 2nd largest small finance bank considering assets under management and total deposits. Unlike other microfinance companies, it has a diversified loan portfolio and less dependence on microfinance business. With the main focus on financially unversed and undeserved customers, the bank offers a wide range of banking products and services.
The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Equitas Small Finance Bank offers financial products according to customers’ income profile, type of security available and nature of business.
Apart from this, the bank also provides current accounts, salary accounts, savings accounts, other deposit accounts, ATM-cum-debit cards, mutual fund products, third party insurance, and issuance of FASTags.
ESFBL follows credit assessment procedures through a risk management framework which is analyzed by its Risk Management Committee. As on 30th Sep 2019, it has the largest distribution channel among Small Finance Banks (SFBs) including 853 Banking Outlets and 322 ATMs in India across 15 states and union territories.
Equitas Small Finance Bank IPO is open today. The company to raise around 280 crore earlier it was 560 crores via IPO. As per the market conditions the GMP looks good but still we are waiting for the price to come up as expected. The GMP is going down from 10 to 5. Check out Equitas Small Finance Bank IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
Equitas Small Finance Bank IPO GMP Rates day by day with Kotak rates.
Equitas Small Finance Bank IPO Dates & Price Band:
|IPO Open:|| 20 October 2020
|IPO Close:|| 22 October 2020
|IPO Size:||Approx ₹532 Crore (Approx)|
|Face Value:||₹10 Per Equity Share|
|Price Band:||₹34 – ₹35 Per Share|
|Listing on:||BSE & NSE|
Equitas Small Finance Bank IPO Market Lot:
|Lot Size:||Minimum 428 Shares & Maximum 5564 Shares|
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:|| 02 November 2020