Equitas Small Finance Bank IPO Details

Equitas Small Finance Bank IPOEquitas Small Finance Bank (SFB) was 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. The bank offers a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. The group started operations in 2007 as an NBFC providing microfinance loans and gradually started providing housing finance, vehicle finance and MSE finance.

Currently, the bank’s asset products include small business loans comprising LAPs, housing loans, and agriculture loans to micro-entrepreneurs, microfinance to JLGs (Joint Liability Groups), used and new commercial vehicle loans to drivers and micro-entrepreneurs typically engaged in logistics, MSE loans to proprietorships, and corporate loans. On the liability side, it offers current accounts, salary accounts, savings accounts, and a variety of deposit accounts. As of 31 March 2019, it had the largest network of banking outlets among all SFBs in India. As of 30 September 2019, its distribution network comprised 853 banking outlets and 322 ATMs across 15 states and union territories in India. 

Promoters of Equitas Bank – Equitas Holdings Limited
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

Equitas Bank’s financial performance (in INR crore)

  FY2018 FY2019 FY2020 Q1 FY2021
Revenue 1,772.9 2,394.8 2,927.8 751.0
Expenses 1,741.1 2,184.3 2,684.2 693.3
Net income 31.8 210.6 243.6 57.7
Net margin (%) 1.8 8.8 8.3 7.7

Registrar of Equitas Small Finance Bank IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
+91 40 2343 1551 
Email:[email protected]
Website: www.kfintech.com

Equitas Small Finance Bank Contact Details

Equitas Small Finance Bank Limited
4th Floor, Phase II, Spencer Plaza 
No. 769, Mount Road, Anna Salai 
Chennai 600 002, Tamil Nadu
Phone: +91 44 4299 5000
Email: [email protected]
Website: www.equitasbank.com

Valuation of Equitas Bank (as of FY2020)

Earnings Per Share (EPS): INR2.39
Price/Earnings (PE ratio): 13.39 – 13.81
Return on Net Worth (RONW): 8.92%
Net Asset Value (NAV): INR25.92 per share

Equitas Small Finance Bank IPO Subscription Details

Category

Shares offered

Subscription (no. of times, at 5 PM)
Day 1 Day 2

Day 3

QIB

27,975,001

0.00 0.05

3.91

NII

21,487,500

0.03 0.05

0.22

Retail

50,137,500

0.85 1.42

2.08

Employees

312,500

0.59 0.97

1.84

Shareholders

15,937,500

0.14 0.24

0.42

Total

115,850,001

0.39 0.67 1.95

Equitas Bank IPO Analyst Reviews

Emkay Global – Subscribe
Choice Broking – Avoid
Quantum Securities – Subscribe for Long Term
SMC Global – 2/5
Angel Broking – Neutral
KR Choksey – Subscribe
ICICIdirect – Subscribe

Equitas Bank IPO Allotment Status

Equitas Small Finance Bank IPO allotment status will be available on KFin Technologies’ website. Click on this link to get allotment status.

Listing Performance of Equitas Small Finance Bank

IPO Opening Date: 20 October 2020 
IPO Closing Date: 22 October 2020
Finalisation of Basis of Allotment: 27 October 2020
Initiation of refunds: 28 October 2020
Transfer of shares to demat accounts: 29 October 2020
Listing Date: 2 November 2020
Opening Price on NSE: To be updated
Closing Price on NSE: To be updated

6 COMMENTS

  1. **** Equitas Small Finance Bank IPO Details ****

    IPO Date: 20 OCT 2020 – 22 OCT 2020
    IPO Price: Rs 34 – 35 per equity share
    Issue Size: 15,20,00,000 Shares (Rs 532 crore)
    Face Value: Rs 10 per equity share
    Market Lot: 428 Shares
    Listing At: BSE, NSE

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