Equitas Bank IPO GMP Today, Check Daily Movement

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Equitas Small Finance Bank is going to launch its maiden public offer on 29 September and has priced the offer in the range of INR32 – 33 per share. The bank will seek to continue the momentum generated by successful listings of Mazagon Dock Shipbuilders and Route Mobile. Since the volatility in broader markets is continuing, investors have another reason to look forward to grey market movements to get a tentative idea about listing price. Check out the latest Equitas Bank IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.

Equitas Small Finance Bank IPO details

Subscription Dates 20 -22 October 2020
Price Band INR32 – 33 per share 
Fresh issue INR280 crore
Offer For Sale 72,000,000 shares (INR230.4 – 237.6 crore) 
Total IPO size INR510.4 – 517.6 crore
Minimum bid (lot size) 450 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Within the relatively new category of Small Finance Bank, Equitas SFB has secured its place, thanks to its parent Equitas Holdings. The bank is the largest SFB in India in terms of number of banking outlets, and second largest SFB in India in terms of Assets under Management (AUM) and total deposits in FY2019. As of 30 June 2020, it had 856 banking outlets and 322 ATMs spread across 17 states and union territories in India.

Equitas Bank IPO GMP (Grey Market Premium) rates

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
22 Oct 20200.5 – 1
21 Oct 20201 – 2
20 Oct 20203 – 4150
19 Oct 20203 – 4150
17 Oct 20206 – 7 2502,000
16 Oct 20204 – 5
15 Oct 2020 5
14 Oct 2020 5-7 200
13 Oct 2020 5-7 300
12 Oct 2020 8 300   –
10 Oct 2020 10 350   –
9 Oct 2020 10 350   –

Important points about IPO grey market and IPO GMP

IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.

Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms. 

IPO GMP is the rate of premium an IPO commands per share in the informal grey market. This is the leading indicator of how the market perceives the IPO.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

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