As of 12:00 pm, the IPO was subscribed 1.15 times. IPO Particulars of Equitas Small Finance Bank Limited: IPO Opens on : 20 Oct 2020 IPO Closes on : 22 Oct 2020 Issue Type: Book Built Issue IPO PUBLIC OFFER OF UP TO 15 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (“EQUITY SHARES”) OF EQUITAS SMALL FINANCE BANK LIMITED FOR CASH AT A PRICE OF Rs. 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. There are several positive factors in Equitas Holdings IPO. Equitas SFB is the subsidiary banking arm of Equitas Holdings which is already listed on the exchanges. Chennai based, Equitas Holdings IPO would open for subscription on 5 th April, 2016. Chennai-based microfinance lender, Equitas Small Finance Bank on Tuesday launched its initial public offering (IPO) for subscription. This is the third public issue in the small finance bank space, following the footsteps of AU Small Finance Bank and Ujjivan Small Finance Bank. The basis of allotment for ₹518 crore initial public offering of Equitas Small Finance Bank will be announced on October 27, and listing is scheduled for November 2. © Equitas Holdings Ltd. All Rights Reserved. The 520 crore IPO of Equitas Small Finance Bank, which opened for membership, was bought in 0.51 times. Equitas Holdings Limited is the promoter of the company. Equitas Holdings (EHL) Shareholders Reservation in IPO: Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder's category of Equitas Small Finance Bank IPO. The issue will be available for bidding till October 22, 2020. Equitas Small Finance Bank's Rs 500 crore initial public offering (IPO) opened for subscription on Tuesday. The listing is expected on November 2. A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). October 22. Equitas SFB IPO subscribed 1.95x times, QIB 3.91x, HNI 0.22x and RII 2.08x times overall Equitas Holdings Ltd is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs). 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). ESFB will issue Rs 280 crore worth of fresh equity in the IPO. Bank gives credit to unserved and underserved sections of the economy and its portfolio incorporates agri-loans, … EQUITAS TECHNOLOGIES PRIVATE LIMITED. 520 Crore IPO is expected to give some decent returns to the investors. 517.60 Crore Equitas Small Finance Bank IPO Subscription Numbers & Status. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. 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 is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. The initial public offer (IPO) of Equitas Small Finance Bank was subscribed 1.94 times on October 22, the final day of bidding. The Equitas Small Finance Bank IPO—set to end on Oct. 22—comprises a fresh issue of up to 8.75 crore shares worth Rs 280 crore, and an offer-for-sale of 7.2 crore shares by parent Equitas Holdings Ltd. While After many IPO’s like Quick Heal Technologies , Healthcare Global, Bharat Wire Ropes, Infibeam Incorporation etc it was speculated to be good one and was assumed that it will get some good response but till Day 2 it has been subscribed only 0.38 times of Total size, although it has some sizable issue size. By 5.30 pm, the IPO had received bids for 7.7 crore shares compared with the issue size of 11.58 crore shares. The bank trimmed the issue size after the Securities and Exchange Board of India in April allowed companies to tweak their IPO size by … The Equitas Small Finance Bank IPO—set to end on Oct. 22—comprises a fresh issue of up to 8.75 crore shares worth Rs 280 crore, and an offer-for-sale of 7.2 crore shares by parent Equitas Holdings Ltd. NEW DELHI: The Rs 518 crore initial public offer (IPO) by Equitas Small Finance Bank was subscribed 67 per cent on Day 2 of the bidding process so far while the retail quota was fully subscribed.The issue was subscribed 39 per cent by the end of the first day. Investors who have shares of Equitas Holdings (EHL) which is the parent company of Equitas Small Finance Bank are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO.The company has reserved 10% of the offer for Shareholders of EHL amounting close to Rs 51 crores. The current target for Equitas Holdings implies a per-share value of Rs 40 for Equitas Small Finance Bank (assuming a 40 percent holding company discount), implying a decent upside to the issue price. The issue also comprises of secondary share sale worth Rs 237 crore. Equitas Small Finance Bank’s (ESFB) initial public offering (IPO) was subscribed 40 per cent on Tuesday. 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. 32-33 per Share Issue Size Rs. The ₹ 520 crore IPO of Equitas Small Finance Bank, which opened for subscription on Tuesday, was subscribed 0.51 times as of 1:15 pm on Day 2. 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. Equitas Holdings (EHL) Shareholders Reservation in IPO. Equitas Small Finance Bank (SFB)'s Rs 518 crore initial public offer (IPO) closes for bidding at 5:00 pm today i.e. The IPO consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited, the holding company of the bank. The IPO comprises a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings Ltd. Thus, we recommend subscribing to SFB IPO. 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. QIB subscription looks low. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) was open for subscription from October 20 till October 22. The ₹518 crore IPO of Equitas Small Finance Bank will remain open for subscription until October 22. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. The public issue includes a fresh issue of Rs 280 crore and an offer for sale of up to 7,20,00,000 shares equity shares by promoter Equitas Holdings (EHL). The IPO of equity shares of ₹10 face value each will open on October 20 and close on October 22. Till Day 2 Equitas Holdings Limited Subscription hasn’t been good. The subscription will close on October 22. Let’s have a detailed review of the company and analytics of the Equitas Bank IPO release date, IPO offer price, subscription, Equitas Small Finance Bank Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. 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 Holdings Limited is the promoter of the company. The closes on October 22. The company posted revenue growth of over 33% CAGR in last 5 years. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). 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