Equitas Small Finance Bank Ltd is among 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.
Company offers wide range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India.
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.
ESFB 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.
As of June 30, 2020, we had a base of 15,843 employees.
Competitive Strengths
1. A customer-centric organization with a focus on unserved and underserved segment
2. A well-diversified asset portfolio as SFB
3. Strong retail liability portfolio
4. Credit assessment procedures
Company Financials
| Particulars | For the year/period ended (₹ 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 |
Objects of the Issue
The bank proposes to utilize the Net Proceeds from the fresh issue offer towards augmenting the Bank’s Tier I capital base to meet the future capital requirement.
Equitas Small Finance Bank IPO Details
| IPO Open Date | 20 OCT 2020 |
| IPO Close Date | 22 OCT 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 15,20,00,000 Shares |
| Offer for Sale | 72,000,000 Eq Shares of ₹10 |
| Face Value | ₹10 per equity share |
| IPO Price | [32] to [33] per equity share |
| Market Lot | 450 Shares |
| Min Order Quantity | 450 Shares |
| Listing At | BSE, NSE |
Equitas Small Finance Bank IPO – Schedule
| Bid/Offer Opens On | 20 OCT 2020 |
| Bid/Offer Closes On | 22 OCT 2020 |
| Finalisation of Basis of Allotment | 27 OCT 2020 |
| Initiation of Refunds | 28 OCT 2020 |
| Credit of Shares to Demat Acct | 29 OCT 2020 |
| IPO Shares Listing Date | 02 OCT 2020 |
Equitas Small Finance Bank IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 450 | ₹14,850 |
| Maximum | 13 | 5850 | ₹193,050 |
Equitas Small Finance Bank IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Equitas Small Finance Bank IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Equitas Small Finance Bank IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Equitas Small Finance Bank IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| Equitas Small Finance Bank Ltd 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu, India Phone: +91 44 4299 5000 Email: secretarial@equitas.in Website: https://www.equitasbank.com/ |
