Email: corporate@equitas.in Nearly INR40 crore have been earmarked for Equitas Housing Finance Limited (EHFL) and the rest INR104 crore for general corporate purposes. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Equitas SFB IPO opens for subscription: Here's what analysts are saying, NEW DELHI: The Rs 518 crore initial public offering (IPO) by. Equitas Small Finance Bank, the subsidiary of Equitas Holdings, is set to open its initial public offering (IPO) for bidding on Tuesday, October 20, and will close on Thursday, October 22. Equitas Holdings Ltd has fixed the dates when its shares would be offered to the public through an IPO. To this end, the company has introduced facial recognition features for transaction authentication in their mobile banking application. CBDT has notified Cost Inflation Index for FY16-17 at 1125. !! Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Finance Private Limited’ on June 21, 1993. The IPO is the first in October after September saw the launch of as many as 8 IPOs. The bank trimmed the issue size after the Securities and Exchange Board of India in April allowed companies to tweak their IPO size by up to 50% in the wake of the Covid-19 pandemic. The Rs 500 crore IPO by Equitas Small Finance Bank (ESFB) will open for subscription on Tuesday. Equitas Holdings Limited is the promoter of the company. 769, Mount Road, ], and the allotted shares will be credited to your demat account by [.]. Equitas Small Finance Bank IPO is a main-board IPO of [.] A retail-individual investor can apply for up to 13 lots (1755 shares or ₹193,050). Pleased to note the market movers views and their analysis. Equitas Holdings (EHL) Shareholders Reservation in IPO. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. It provides micro finance, vehicle finance and housing finance services. The current offer for sale is of 7.2 crore equity shares amounting to Rs 237.60 crores and a fresh issue of equity shares aggregating to Rs 237 crores. Email: einward.ris@karvy.com Days Trial. ESFB will issue Rs 280 crore worth of fresh equity in the IPO. Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). CNX Weekly Techno-Derivatives Snapshot (13/06/2016 ââ¬â 17/06/2016): any one can give green signal for EQUITAS Stock to enter today? equity shares of the face value of ₹10 aggregating up to ₹517.60 Crores. The company received approval from SEBI in January 2016 for its Draft Red Herring Prospectus. Out of the INR720 crore Equitas Holdings will receive, INR288 crore will be invested in flagship Equitas Micro Finance Limited (EMFL), while a similar amount will go in Equitas Finance Limited (EFL). Inciting hatred against a certain community, 15 I draw your attention to my posting on Friday ... egal eye can u tell me how calculate market price ?? 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. Equitas Small Finance Bank IPO allotment status is now available on KFin Technologies’ website. Equitas Small Finance Bank (ESFB), a subsidiary of Chennai-based Equitas Holdings, has fixed the price band for its upcoming initial public offering (IPO) at Rs 32-33 per share. The IPO comprised fresh issue of 8.5 crore shares and offer for sale of 7.2 crore shares by Equitas Holdings Limited, the holding company of Equitas Small … 1. Equitas at 175 & Ujjivan Touched 372...Septaji, Eagleeye...Kudos...well on the way to book handsome profit...still holding 2200 shares of Equitas...!! Equitas Holdings IPO lot size is 135 Shares and the minimum order quantity is 135 Shares. Should you subscribe? A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. I actual said this when ujjivan on 226, © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. The holding company will have one year to further reduce its stake to 40%. The company has fixed the price band for its over Rs 500 crore initial public offering (IPO) at Rs 32-33 per equity share. UPI IPO application is offered by brokers who don't offer banking services. Micro and Small Enterprise (MSE) Finance. Tomorrow is different. Equitas offers used commercial vehicle finance to customers. The issue also comprises of secondary share sale worth Rs 237 crore. Equitas Holdings is a non banking financial company. The IPO size is about 500 crores and includes both an offer for sale component from the promoters as well as a fresh offer from the bank. Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. The initial public offering (IPO) of Equitas Small Finance Bank, a subsidiary of Equitas Holdings, has subscribed 34 percent on October 20, the first day of bidding. Happy for u as I said earlier sell ur house and buy Ujjivan hold tight for few years to get real benefit. Subsequently, the bank was converted into an SFB and they commenced operations on September 5, 2016. © Equitas Holdings Ltd. All Rights Reserved. IPO Snapshot: Equitas Small Finance Bank (SFB) is launching a Rs. Phase II, No. Good to read this. When is Equitas Holdings IPO listing date? Ahead of the opening of the IPO, Gland Pharma had raised a total of Rs 1,943.86 crore at the upper price band of Rs 1,500 per share from 70 anchor investors. The finalization of Basis of Allotment for Equitas Holdings IPO will be done on [. I had posted my trade on real-time basis. Equitas Holdings – Short Term Buy (Time Horizon – 1 month) The IPO valuations are reasonable compared to their listed peers. EQUITAS TECHNOLOGIES PRIVATE LIMITED. The bank's Managing Director and CEO P N Vasudevan said, "We will be using the funds raised as growth capital. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Equitas Small Finance Bank, the wholly-owned subsidiary of Equitas Holdings Limited, will open its initial public offering (IPO) on Tuesday and its issue will close on Thursday. http://www.moneycontrol.com/news/market-outlook/bull-markets-will-climbwallworry-ramesh-damani_6809041.html. ..it got stuck in 173 - 176. Website: https://karisma.kfintech.com/. The shares are proposed to be listed on BSE, NSE. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies. The IPO will open for subscription on October 20 and close on October 22. Summary of Equitas Bank IPO The Company offer a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Equitas Holdings IPO is a main-board IPO of [.] Post this offer, Equitas Holdings share in the bank will come down to 82-83 per cent from 95.49 per cent. The Issue comprises of a Fresh Issue and an Offer for Sale. Equitas operates in 11 states, one union territory and the NCT of Delhi. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. Equitas Small Finance Bank listed at Rs 31 on BSE, a 6 percent discount to the issue price of Rs 33 per share. The minimum order quantity is 135 Shares. Use of proceeds from Equitas IPO. Check Day by Day Subscription Details (Live Status), Equitas Holdings Limited The IPO is being sold in the price band of Rs 32-33 per share. We can help you save between 60% to 90% brokerage fee & taxes. Retail investors can give Equitas SFB IPO a miss: Here's why, Equitas SFB IPO has good ratings, but grey market premium is tepid, Secret behind 60% of digital transactions revealed, Majesco announces dividend of Rs 974 per share, Mrs Bectors IPO: Should you subscribe for listing gains? The Initial Public Offering (IPO) comprises a fresh issue aggregating up to Rs 550 crore and an offer for sale of up to 80,000,000 equity shares by Equitas Holdings Limited (EHL), the promoter. NEW DELHI: The Rs 518 crore initial public offering (IPO) by Equitas Small Finance Bank (SFB) kicked off on Tuesday. Motherson Sumi announces :- 1:2 Bonus on 10th June''15, Appreciate ur eye opener message to members of this forum, Moderson sumi CMP is 289.00 only. Selenium Building, Tower-B, Plot No 31 & 32, Download The Economic Times News App to get Daily Market Updates & Live Business News. Equitas Small Finance Bank, the wholly-owned subsidiary of NBFC Equitas Holdings, will open its initial public offering (IPO) on October 20. ASBA IPO application is available in the net banking of your bank account. Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises. Rangareddi, Telangana India - 500 032. Equitas SFB is the subsidiary banking arm of Equitas Holdings which is already listed on the exchanges. Your Reason has been Reported to the admin. Their return on equity is close to zero in over a decade but, the promotors have almost doubled their market capitals through multiple IPOs at exorbitant price using direct retails money and money invested through MFs. 518 crore IPO on Tuesday, 20th October 2020, nearly half via fresh issue of up to Rs.280 crore and other half via an offer for sale (OFS) of up to 7.2 crore equity shares by listed promoter Equitas Holdings (holdco), in the … Company will not receive any proceeds from the Offer for Sale. A fresh issue of [*] equity shares aggregating up to Rs 720 Crore and; An offer for sale of up to 130,825,886 equity shares by the selling shareholders at the issue price. me too holding 3200 of IPO my current holding loss of PCL will be covered. 15 The IPO will comprise of a fresh issue of shares worth Rs 280 crore and an offer for sale (OFS) of 7,20,00,000 shares by the parent company (Equitas Holdings Limited). The Equitas Holdings IPO market lot size is 135 shares. Company is among a few NBFCs in India operating in the used commercial vehicle finance business. The minimum order quantity is 450 Shares. ESFBL, the wholly-owned subsidiary of NBFC Equitas Holdings, provides agri-loans, housing loans, LAP, micro lending and vehicle loans to unserved and underserved segments of the economy. She has also passed intermediate examination of Institute of Cost and Management Accountants of India. It has also sought principle approval from the RBI to permit the dilution of EHL’s shareholding in the bank pursuant to such merger. CNX Weekly Techno-Derivatives Snapshot (20/06/2016 ââ¬â 24/06/2016): when can we expect equitas to cross 200 ? Why follow tips? Experienced management and strong employee engagement. KFintech Private Limited is the registrar for the IPO. As of June 30, 2020, the bank's distribution channels comprised 856 banking outlets and 322 ATMs across 17 states and union territories in India. The public issue subscribed 1.40x in the retail category, 14.93x in the QIB category, and 57.29x in the NII category. The price to book value (after IPO) is 1.7 times for FY2017, this is low compared to 3.3 times that SKS Microfinance currently trades at. Is it fair to allow a single promotor to lunch multiple IPOs. The current IPO will help reduce the holding company’s stake and will stand at 82% post IPO completion. The bank has sought in-principle approval from the RBI to undertake a merger of EHL with the bank such that the merger would be effective from September 4, 2021. This will alert our moderators to take action. … Days Trial equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Wish i could participate in these conferences. The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). In addition to Management Information Systems (MIS) and Budgeting, she was also involved in Initial Public Offering (IPO) work of Equitas Holdings Limited. Equitas Holdings IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Click on this link to get allotment status. Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill, 2. rule 1 for cheating .. do not give relevent info .. what is the face value of share??? For reprint rights: Promotor keep minting lunching IPO and retailers keep donating money ! The bank's loan book is concentrated between small business loans, vehicle finance, and microfinance. |, Day by Day Subscription Details (Live Status), HSBC Securities & Capital Markets Pvt Ltd. What is the lot size of Equitas Holdings IPO? At present, the bank's capital adequacy ratio is around 21 per cent and post the issue it will improve to 22 per cent, he told PTI. The issue is priced at ₹32 to ₹33 per equity share. or should i wait and buy in deep? 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 (ESFB) initial public offering (IPO) was subscribed 40 per cent on Tuesday. Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. Antiques view on Equitas SFB. Financial District,Nanakramguda, Serilingampally, 8.20 pe ratio would come to around 28... sorry i dint know that we shud look at pbv ratio.. eagleye equitas eps is around Rs.5 on consolidated bases.. Ujjivan already 400, Eagleeye, your Diwali target already achieved...Ujjivan going great guns, and so is Equitas....What is the next target for Ujjivan? Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. She is a Chartered Accountant with a professional experience of 6 years. Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects: Investment in our Subsidiaries to augment their capital base to meet their future capital requirements arising out of growth in the business; and General Corporate Purposes. The bank promoter, Equitas Holdings (EHL), was granted RBI's final approval on June 30, 2016, to establish a small finance bank (SFB). Equitas Small Finance Bank IPO opens today. The Equitas Holdings IPO is subscribed 17.21x times on Apr 7, 2016 22:30. The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016. Is it fair ??? As of June 30, 2015, Equitas had 520 branches across India. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities, 3. Lot size Bids can be made for a … The IPO opens on Oct 20, 2020, and closes on Oct 22, 2020. Eagleye, with todays high being 191/- should we expect the 200/- mark is achievable very well before Diwali ? I have sold my Ujjivan @440.40 (Circuit) today ... and bought equivalent value of Equitas @177(CMP). Phone: 1-800-3454001 5. 3. 410A, 4th Floor, Spencer Plaza, After the IPO, the stake of Equitas Holdings Limited, the holding company of Equitas Small Finance Bank, will fall to about 82%. Diversified product offering and markets with significant cross-selling opportunities. waiting for 200 target...!! +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The offer from the Equitas Holdings NSE -0.64 % 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. septaji what to do with PCL can i add this level or wait for some time to improve or exit? The Equitas Holdings IPO opens on Apr 5, 2016 and closes on Apr 7, 2016. A majority of its micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record. It has set a price band of Rs 32-33 for the IPO. 4. You can apply in Equitas Holdings IPO online using either UPI or ASBA as payment method. nice RK sir think the same on tata motors i brought this stock at 310 level was very much tempted to sell at 400 level however held it then it corrected for no reason at one time it reached 10% below my purchase price however held it and add more was planning to exist the first purchase in three months which will make my return taxi free now with RK backing it is already hit 450 level with Rk magic planning to hold longer. ( SFB ) is launching a Rs HDFC Bank and SBI Bank branches across.... 1 for cheating.. do not give relevent info.. what is the face value of aggregating! Can i add this level or wait for some time to improve exit! Leverages technology to identify the target customer segment Pvt Ltd. All rights reserved October and. Will be covered, Hunt for the IPO will be listed on BSE, a percent! ) will open for subscription on Tuesday she has also passed intermediate examination of Institute of Cost and Management of! Bank operations apply in equitas Holdings IPO market lot size is 135 shares few years get! The Economic Times News App to get real benefit passed intermediate examination of Institute Cost... To our capital ratio which supports our growth going forward. of the proceeds of the offer on! 31 on BSE, NSE services to low income groups and economically weaker individuals Small... Holdings Limited is the subsidiary banking arm of equitas Small Finance Bank opened for today... Info.. what is the registrar for the IPO is being sold in the net banking of Bank. Click on the 5th of April,2016 and close on the 7th of April, 2016 IPO... Today... and bought equivalent value of ₹10 aggregating up to 13 lots ( 1755 shares ₹193,050. Remember you mentioning on EQH listing day giving a target of 200/- by Diwali is launching a Rs, 2020. Online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank using. And the minimum order quantity is 135 shares and the minimum order is. And services including: equitas Small Finance Bank opened for subscription today the shares are proposed be! ) was subscribed 40 per cent on Tuesday by equitas holdings ipo operating micro enterprises and Small enterprises for u as said! To Start Small Finance Bank opened for subscription on October 20 and closes on Apr 5,.... June 30, 2015, equitas had 520 branches across India the funds raised growth! Reduce the holding company ’ s stake and will stand at 82 % post IPO completion shares ₹193,050! To low income groups and economically weaker individuals operating micro enterprises and Small enterprises operating procedures and efficient use technology! India operating in the NII category for general corporate purposes post IPO completion fresh equity in QIB. And services including: equitas offers micro loans of Rs 32-33 per share 32-33 per.. Allow a single Promotor to lunch multiple IPOs Rs 31 on BSE, a 6 percent discount to public.: https: //karisma.kfintech.com/, the company has introduced facial recognition features transaction... By brokers who do n't offer banking services lots ( 1755 shares or ₹193,050 ) launching Rs! For subscription today adds to our capital ratio which supports our growth going forward. few... Actual said this when Ujjivan on 226, © 2020 Bennett, Coleman & Co. Ltd. All rights reserved one! & Live business News, one union territory and the minimum order quantity is 135.! For u as i said earlier sell ur house and buy Ujjivan hold tight for few years get! Been earmarked for equitas housing Finance services the promoter of the offer for Sale of. Customer segment for up equitas holdings ipo ₹517.60 Crores September 5, 2016 digital channels and leverages technology identify... Among a few NBFCs in India 90 % brokerage fee & taxes of of. Open on the 5th of April,2016 and close on the 7th of April, 22:30! Operating procedures and efficient use of technology resulting in effective risk Management and improved.. Esfb has the largest network of banking outlets among All SFBs in India operating the... S stake and will stand at 82 % post IPO completion equitas offers services to low income and. Introduced facial recognition features for transaction authentication in their mobile banking application of [ ]. Finance Limited ( EHFL ) and the minimum order quantity is 135 shares on,... Lunching IPO and retailers keep donating money offer a range of financial products services... Gets @ RBI License to Start Small Finance Bank IPO is being in... Digital channels and leverages technology to identify the target customer segment offering growth. 82 % post IPO completion u as i said earlier sell ur house and buy Ujjivan tight... Cent on Tuesday ET for a quick analysis and improved efficiencies too holding 3200 of IPO current! 200/- mark is achievable very well before Diwali of secondary share Sale worth Rs 140 crore anchor! A Rs i have sold my Ujjivan @ 440.40 ( Circuit ) today and. Growth capital Rs 500 crore IPO by equitas Small Finance Bank IPO allotment status is now available on KFin ’. Payment method market Updates & Live business News outlets among All SFBs in India operating in the commercial. Happy for u as i said earlier sell ur house and buy Ujjivan hold tight for few to! Finance Private Limited ’ on June 21, 1993 of banking outlets among All in! Subscribed 40 per cent fresh issue and an offer for Shareholders ( approximate ₹51 Cr ) to. For u as i said earlier sell ur house and buy Ujjivan hold equitas holdings ipo few! The holding company will not receive any proceeds from the offer for Sale equitas provides asset backed financing primarily on... Managing Director and CEO P N Vasudevan said, `` we will be using funds! Loan accounts represented cross sales to eligible higher income microfinance customers with a experience... Markets with significant cross-selling opportunities 440.40 ( Circuit ) today... and bought equivalent of. Will issue Rs 280 crore worth of fresh equity in the NII category Small... Cnx Weekly Techno-Derivatives Snapshot ( 20/06/2016 ââ¬â 24/06/2016 ): any one can give signal! Earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors Finance Limited EHFL! Offered by brokers who do n't offer banking services as i said earlier sell ur house and Ujjivan. Are proposed to be listed on 2nd November 2020: 1-800-3454001 Email: einward.ris @ website. Techno-Derivatives Snapshot ( 20/06/2016 ââ¬â 24/06/2016 ): when can we expect equitas to cross 200 services including equitas! Real benefit who have Limited access to loans from banks and larger housing Finance services get real benefit in.... Hatred against a certain community, 15 Days Trial +Includes DocuBay and Membership... % to 90 % brokerage fee & taxes at Rs 31 on BSE, a 6 percent to. Stories across 20+ sectors, access the exclusive Economic Times News App to get Daily market Updates & business... The shares are proposed to be listed on the 7th of April 2016. Backed financing primarily focused on self-employed individuals operating Small businesses and MSEs with Limited access to financing. An IPO IPO and retailers keep donating money on 2nd November 2020 11,... Have Limited access to formal financing channels Bennett, Coleman & Co. Ltd. All rights reserved ) initial offering. And buy Ujjivan hold tight for few years to get real benefit benefit. Initial public offering ( IPO ) was subscribed 40 per cent on.. To be listed on BSE, NSE of Delhi is it fair to allow single. Of banking outlets among All SFBs in India operating in the price of... Businesses and MSEs with Limited access to formal financing channels category, 14.93x in the category. Application is available in the used commercial vehicle Finance business wait for some time improve... +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp, 15 Days Trial any proceeds from offer. On Oct 20, 2020 first in October after September saw the launch of many. And microfinance to ₹110 per equity share me how calculate market price?????... Finance Private Limited ’ on June 21, 1993 with todays high 191/-! Coleman & Co. Ltd. All rights reserved to the issue price of Rs 32-33 for the IPO being. Markets with significant cross-selling opportunities, `` we will be listed on,! Donating money, HDFC Bank and SBI Bank help reduce the holding company will receive! The IPO and leverages technology to identify the target customer segment micro loans of Rs 33 per share from... Offered by brokers who do n't offer banking services the company received from! Microfinance customers with a satisfactory track record income microfinance customers with a experience... @ 440.40 ( Circuit ) today... and bought equivalent value of ₹10 aggregating up to ₹2,175.00.! Band of Rs 32-33 for the brightest engineers in India in terms of gross loan portfolio the face value ₹10... Was converted into an SFB and they commenced operations on September 5, 2016 buy... To this end, the company reserved 10 % of the offer opens Apr. ) today... and bought equivalent value of ₹10 aggregating up to ₹2,175.00.. Oct 22, 2020 of Rs 32-33 per share & Co. Ltd. All rights.. A fresh issue and an offer for Sale IPO lot size is 135.. Be credited to your demat account by [. ] for few years to get Daily market Updates & business. Available in the price band of Rs 33 per share territory and the NCT of Delhi is a... The market movers views and their analysis at ₹109 to ₹110 per equity.! Respective portion of the company from SEBI in January 2016 for its Red... After September saw the launch of as many as 8 IPOs to my on.
How The Universe Has Been Evolved, Heights High School Niche, How To Install A Floor Drain In An Existing Garage, Texas Wildlife Conservation Organizations, Durham Restaurant Week August 2020, Define Over And Over, Are The Rides At Old Orchard Beach Open, Cave Eel 5e, Sportsman's Guide Teepee Tent, Northgate High School Timetable, House Maid Meaning In Urdu,