equitas small finance bank ipo

Equitas Small Finance Bank was originally incorporated as V.A.P Finance Private Limited in 1993. Equitas Small Finance Bank, a unit of Equitas Holdings Ltd, has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) to float an initial public offering. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. According to the prospectus, Equitas SFB has the second-highest CASA proportion (28.34%) among all small finance banks. 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. Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas Holding as a micro finance lender in India with its headquarter in Chennai and received its licence on 30 th Jun 2016. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. Oct 20, 2020 - Oct 22, 2022. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). How do I apply to the Equitas Small Finance Bank IPO? Equitas SFB is the largest small finance bank in terms of outlets and the second-largest in terms of assets under management and deposits according to CRISIL. Equitas small finance financial institution IPO particulars 19. 976 Cr. The bank filed the draft red herring prospectus with the regulator seeking approval for Rs 280 crores in fresh equity sales and 72,000,000 equities under an offer for sale scheme. Issue open. Equitas 15. They have a market share of 16% in terms of Assets Under Management in India. Equitas small finance financial institution ipo expectations 17. 2) For last 3 years EPS of Rs 1.94, the PE ratio is 17x. Equitas Small Finance Bank IPO Valuations. IPO will be consisted of two parts : Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India.After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank. Issue type. Equitas Small Finance Bank is gearing up to bring its IPO to the market on October 20. 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. Equitas Bank IPO Issue Object. Issue size. This book-building offer is in line with the RBI guidelines with regard to the Small Finance Bank guidelines. Equitas Small Finance Bank Limited: Key Strength. Return on Net Worth (RONW) = 8.92% Net Asset Value = Rs 25.92/Share. Equitas Small Finance Bank's public offering comprised of fresh issue of 8.5 crore shares and offer for sale of 7.2 crore shares by Equitas Holdings Limited, which is the holding company. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) will opens for bidding on Tuesday i.e. The Bank has the third-highest proportion of retail deposits in its total deposits at 58.38%. Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. 15.7 crore equity shares of Rs 10 Equitas Small Finance Bank, according to a statement, has already raised Rs 139.68 crore by allocating over 4.2 crore shares to 35 anchor investors at the upper price … Updated: 20 Oct 2020, 10:20 AM IST Aparna Iyer. Equitas Small Finance Bank IPO price valuations 1) On the upper price band of Rs 33 and EPS of Rs 2.39 for FY20, the P/E ratio works out to be 13.8x. The issue was earlier scheduled for subscription by the end of March 2020. The small finance bank’s IPO comprised a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings. Thereafter, the NBFC was converted into an SFB and its operations commenced on September 5, 2016. The Rs 520 crore IPO of Equitas Small Finance Bank (ESFB) will open today for subscription and close on October 22. The IPO comprises a fresh sale of shares worth Rs 550 crore and a secondary market sale of 80 million shares by Equitas Holdings. Photo: iStock Equitas Small Finance Bank's IPO is more of a valuation bet 2 min read. The Fine Organic IPO will close on 22 June. MUMBAI: Analysts are divided on whether investors should subscribe to Equitas Small Finance Bank’s (SFB) Rs 518 crore initial public offer (IPO) that kicks off on Tuesday. The IPO will remain open for three days, from October 20 till October 22. Book Built Issue IPO. Earlier this week, Equitas Small Finance Bank raised around Rs 140 crore from 12 anchor investors and finalised allotment of 4.23 crore equity shares at … Equitas Small Finance Bank IPO The subscription will remain open for investors from October 20 to October 22, 2020. Equitas small finance financial institution ipo apply or keep away from 18. The offer from the Equitas Holdings unit comprises fresh issue of shares worth Rs 280 crore and an offer for sale of 7,20,00,000 shares by the parent firm. In June 2016, its promoter, Equitas Holdings Limited, got approval from RBI to set up a small finance bank (SFB). Whether to apply or ignore this ESFB IPO Rs 1.94, the NBFC was converted an. The Rs 520 crore IPO of Equitas Holding Ltd of 16 % in terms Assets! Book-Building offer is in line with the RBI guidelines with regard to the Small Finance Bank IPO the will. 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