Equitas Small Finance Bank IPO(EquitasSFB IPO)

Equitas Small Finance Bank(ESFB) IPO
Equitas Small Finance Bank(ESFB) IPO | ESFB IPO | Upcoming IPO | New IPO | Latest IPO | Upcoming IPO 2021

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.

Equitas Small Finance IPO

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

ParticularsFor the year/period ended (₹ in Million)
30-Jun-2031-Mar-2031-Mar-1931-Mar-18
Total Assets208,921.39193,145.47157,626.91133,011.50
Total Revenue7,509.6829,277.9523,948.3217,729.03
Profit After Tax576.712,436.352,105.66318.31

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
Object Of The Issue

Equitas Small Finance Bank IPO Details

IPO Open Date20 OCT 2020
IPO Close Date22 OCT 2020
Issue TypeBook Built Issue IPO
Issue Size15,20,00,000 Shares
Offer for Sale72,000,000 Eq Shares of ₹10
Face Value₹10 per equity share
IPO Price[32] to [33] per equity share
Market Lot450 Shares
Min Order Quantity450 Shares
Listing AtBSE, NSE

Equitas Small Finance Bank IPO – Schedule

Bid/Offer Opens On20 OCT 2020
Bid/Offer Closes On22 OCT 2020
Finalisation of Basis of Allotment27 OCT 2020
Initiation of Refunds28 OCT 2020
Credit of Shares to Demat Acct29 OCT 2020
IPO Shares Listing Date02 OCT 2020

Equitas Small Finance Bank IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1450₹14,850
Maximum135850₹193,050

Equitas Small Finance Bank IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Equitas Small Finance IPO
How To Apply FOr IPO

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
Websitehttps://www.equitasbank.com/

LIST OF UPCOMING IPOs