Equitas Small Finance Bank IPO

Equitas Small Finance Bank IPO-Date and Details

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Equitas Small Finance Bank IPO is all set to hit the Dalal Street on 20 October 2020. The company aims to raise ₹ 517.60 Cr through this book building IPO.

Equitas Small Finance Bank Ltd

The Equitas Small Finance Bank was established in 2007 founded by Equitas. The headquarter is based in Chennai. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Equitas Small Fin Bank offers financial products according to customers’ income profile, type of security available, and nature of business.

Unlike other microfinance companies, it has a diversified loan portfolio and less dependence on microfinance business. With the main focus on financially unserved and underserved customers, the bank offers a wide range of banking products and services. 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.

ESFBL follows credit assessment procedures through a risk management framework which is analyzed by its Risk Management Committee. As of 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.

Competitive Strengths

  • A well-diversified asset portfolio as SFB.
  • Strong retail liability portfolio.
  • A customer-centric organization with a focus on unserved and underserved segments.
  • Credit assessment procedures.

Basic details about Equitas SFB

Full nameEquitas Small Finance Bank Ltd
Company Websitewww.equitasbank.com

Dates to remember

IPO Open20 October 2020
IPO Close22 October 2020
Basis of Allotment27 October 2020
Refunds date28 October 2020
Credit to Demat Account29 October 2020
 Listing Date02 November 2020

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹510.4-₹517.60 Crores
Number of shares offered to the public72,000,000 Shares
Face value₹10 per equity share
Price band₹32-₹33 per equity share
Retail portion35%
Lot size450 Nos
Minimum application1 lot – 450 shares
Maximum application13 lot – 5850 shares
Minimum application amount₹14,850
maximum application amount₹193,050
Listing ExchangeBSE & NSE

Category-wise Break up

Anchor: 4,23,27,273 Shares = 139.68 Crores
QIB: 2,82,18,182 Shares = 93.12 Crores
NII: 2,11,63,636 Shares = 69.84 Crores
RII: 4,93,81,818 Shares = 162.96 Crores (Lot size: 450 = 1,08,771 Forms)
EHL SH Quota: 1,54,54,545 Shares = 51.00 Crores
Empl. Quota: 3,03,030 Shares = 1.00 Crores
Total Issue: 15,68,48,484 Shares = 517.60 Crores.

Financial Summary

Equitas Bank’s financial performance (in INR crore)
 FY2018FY2019FY2020Q1 FY2021
Net income31.8210.6243.657.7
Net margin (%)

Valuation of Equitas SFB (as of FY2020)

Earnings Per Share (EPS)₹2.39
Price/Earnings (PE ratio)13.39 – 13.81
Return on Net Worth (RONW)8.92%
Net Asset Value (NAV)₹25.92  per share


Equitas Holdings Ltd

Equitas SFB IPO Lead managers

  • JM Financial Limited
  • Edelweiss Financial Services Limited
  • IIFL Securities Limited

Registrar of Equitas SFB IPO

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

Equitas SFB 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: secretarial@equitas.in
Website: www.equitasbank.com

Equitas SFB 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.

Final thoughts

Equitas SFB IPO is going to hit Dalal street on 20 october 2020. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

happy investing

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  1. Pingback: IPO List, current-ongoing-listed IPOs - finvestfox.com

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