Their Bank proposes to utilize the Net Proceeds from the Offer towards augmenting their Bank’s Tier I capital base to meet their Bank’s future capital requirements. Equitas Small Finance Bank's GNPA has been in the range of 2.7-2.8 per cent. Equitas Small Finance Bank IPO Subscription Details (Day by Day) Equitas Small Finance Bank IPO subscribed 1.95 times.Equitas Small Finance Bank IPO received bids for 2.08 times issue size in retail, 3.91 times issue size in QIB, and 0.22 times issue size in … 05/- (Oct 18, 2020) Read Full Details : Equitas Small Finance Bank IPO. Mrs Bectors Food Specialities IPO description – Mrs Bectors Food Specialities is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India.The company manufactures and markets a range of biscuits such as cookies, creams, crackers, digestives and glucose under flagship brand ‘Mrs. The HNI quota of shares in the IPO remained undersubscribed at 22 per cent. Equitas Small Finance Bank IPO GMP Today is Rs… Categories Hot Topics Tags Equitas Small Finance Bank GMP, IPO GMP Leave a comment. Full-time or permanent employees of EHL can apply in the SBI Employees category of Equitas Small Finance Bank IPO. The IPO opens on Dec 2, 2019, and closes on Dec 4, 2019.. KFintech Private Limited is the registrar for the IPO. Quantum Securities has a ‘subscribe' rating. We do not sell any product or service related to stocks, Grey market forms and information given is purely for information purpose. Bector’s Cremica’. Equitas Small Finance Bank Limited … Now, they are coming up with an IPO at Rs.33 per share. When China battles the world’s biggest coal exporter, coal loses. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India. Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises. Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. Kfin Technologies Pvt Ltd. Selenium, Tower B, Plot No. Equitas Small Finance Bank aka ESFB IPO will hit the market on 20 October 2020. The IPO was not able to get good response from the QIB and HNI investors. 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. Equitas Small Finance Bank IPO GMP Listing Gain कितना होगा? The IPO, which was sold between October 20 and 22, was subscribed 1.95 times in the three-day bidding process, much less compared with the issues that hit the market prior to it. It is generating strong revenue and margin growth in the last 3 years. Offer for Sale: Rs 237.60 Cr. The IPO is being sold in the price band of Rs 32-33 per share and at the upper limit of this price band, the IPO is asking for an adjusted price to book value (P/BV) of 1.26 times, post considering the fresh issue. 32-33 per Share Issue Size Rs. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Registrar to the IPO : KFin Technologies Private Limited. Equitas Small Finance Bank IPO GMP News and Updates from The Economictimes.com. About Equitas Small Finance Bank Ltd IPO. Equitas Small Finance Bank IPO is going to hit the market on 20 October 2020. 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. Its issue share price is also reasonably priced. 52 per share. Check out Equitas Small Finance Bank IPO … Their Bank proposes to utilize the Net Proceeds from the Offer towards augmenting their Bank’s Tier I capital base to meet their Bank’s future capital requirements. The maximum allotment to employees cannot be above ₹2 lakhs when the category is fully or oversubscribed. The Equitas Bank IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. Equitas Small Finance Bank aka ESFB IPO will hit the market on 20 October 2020. Equitas Small Finance Bank is one of the largest small finance banks in India with diversified asset portfolio. This post on Equitas Small Finance Bank IPO (Equitas SFB IPO) attempts to bring out consolidated brokerage views , subscription information, Grey Market Premium (GMP) and anchor investor information where applicable. As the GMP came down from 15 level to 0 shows less interest of the investors. Ujjivan Bank IPO is a main-board IPO of 208,333,333 equity shares of the face value of ₹10 aggregating up to ₹750.00 Crores. 3Y Return. Registered Office of Equitas Small Finance Bank Limited : 4th Floor, Phase II, Spencer Plaza, No. IPO GMP: Equitas Small Finance Bank IPO: Oct 20 – Oct 22, 2020: Rs. Vodafone Idea 8.70 0.75. Equitas Small Finance Bank IPO. Benchmarks . 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 information collated from various sources and reports in public domain can help investors to decide whether they should subscribe to Equitas Small Finance Bank IPO or not. Subscription Dates: 20 -22 October 2020 Price Band: INR32 – 33 per share Fresh issue: INR280 crore Offer For Sale: 72,000,000 shares (INR230.4 – 237.6 crore) Total IPO size: INR510.4 – 517.6 crore Minimum bid (lot size) 450 shares Face Value : INR10 per share Retail Allocation: 35% Listing On: NSE, BSE Equitas Bank IPO Review: Fresh + OFS . New Launch. 05/- (Oct 18, 2020) Read Full Details : Equitas Small Finance Bank IPO. We have a ‘Subscribe’ recommendation on the stock,” said the broker. The maximum limit defined to apply in the Employee category is ₹5 lakhs. The bank’s initial public offer (IPO), which will be open for subscription on October 20, would help it to reduce promoter holding to about 82% from 95%. The IPO, which was sold between October 20 and 22, was subscribed 1.95 times in the three-day bidding process, much less compared with the issues that hit the market prior to it. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Investors can invest in this IPO with a 3-5 years time frame. Equitas small finance bank is the largest SFB in India in terms of highest number of banking outlets and the second largest SFB in terms of assets under management and total deposits. Negative share price! Investors will look at the … Let's reshape it today, Hunt for the brightest engineers in India. The basis of allotment for the Equitas SFB IPO would now be finalised on Tuesday while the refund process would be initiated on Wednesday. Equitas Small Finance Bank IPO details . Now, they are coming up with an IPO at Rs.33 per share. 520 Crore IPO is expected to give some decent returns to the investors. That means massive dilution on cards. Equitas Small Finance Bank IPO Registrar. Ujjivan Bank IPO is a main-board IPO of 208,333,333 equity shares of the face value of ₹10 aggregating up to ₹750.00 Crores. For reprint rights: SC says it will not interfere with farmers protest, Hospitality industry will overcome: Ritesh Agarwal, Drugs case: NCB issues notice to Karan Johar, India wants a V-shaped recovery at any cost, the pressure now is on Shaktikanta Das, ICICI Prudential Bluechip Fund Direct-Growth, SC backs negotiations with farmers; govt says talking but their yes or no approach not helping. Equitas Small Finance Bank IPO Registrar. Equitas Small Finance Bank Limited IPO GMP Details Equitas Small Finance Bank Limited IPO GMP Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. 520 Crore IPO is expected to give some decent returns to the investors. As per the less response we might have the listing below the IPO price. Equitas Small Finance Bank lists at 6% discount to issue price 02 Nov, 2020, 09.56 AM IST. 14.43 … We were the largest Small Finance Bank in India in terms of the number of banking outlets and the second-largest Small Finance Bank in India in terms of assets under management and total deposits in Fiscal 2019. Is Equitas Small Finance Bank IPO good? Equitas Small Finance Bank may also launch its IPO soon. 32 -33/-Rs. 4. NSE Gainer-Large Cap . Lead Managers of Equitas Small Finance Bank Limited: JM Financial Limited Edelweiss Financial Services Limited IIFL Securities Limited. Equitas Small Finance Bank IPO GMP Today The Grey Market Premium of Equitas Small Finance Bank IPO is ₹1 – ₹2. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Registrar to the IPO : KFin Technologies Private Limited. If that happens, it … Post-IPO, the Promoters holding will stand at ~82%. Kfin Technologies Pvt Ltd. Selenium, Tower B, Plot No. Equitas Bank IPO Issue Object. 4. We were the largest Small Finance Bank in India in terms of the number of banking outlets and the second-largest Small Finance Bank in India in terms of assets under management and total deposits in Fiscal 2019. Within the relatively new category of Small Finance Bank, Equitas SFB has secured its place, thanks to its parent Equitas Holdings. Emkay Global Financial Services has a ‘buy' recommendation on the issue. Equitas Small Finance Bank IPO allotment date is 27 October 2020, Tuesday. IRFC IPO description – IRFC is a Public Sector Undertaking (PSU) wholly-owned finance by the Government of India acting through the Ministry of Railways.The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”. Shutterstock.com Angel Broking said that at the upper end of the price band, Equitas Small Finance Bank IPO demands adjusted P/BV of 1.26 times post considering fresh issue. KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222 Fax: +91 40 2343 1551 Email:[email protected] Website: www.kfintech.com. Choice Broking has a 'neutral' rating on the Equitas Small Finance Bank IPO. 517.60 Crore 8.95 % Invest Now. FEATURED FUNDS ★★★★★ Mirae Asset Emerging Bluechip Fund Direct-Growth. Phone: 18003454001 Email: einward.ris@kfintech.com Website: https://www.kfintech.com. Equitas Small Finance Bank Limited: Key Strength. IPO Size: Rs 517.60 Cr (Approx) Retail Allocation: 35% Equitas Small Finance Bank IPO GMP (Grey Market Premium) As per the market conditions we can expect a good GMP for Equitas Small Finance Bank IPO with 20% listing gain. The trend seems to be flat. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. The issue was earlier scheduled for subscription by the end of March 2020. Incorporated in 1993, Madras based Equitas Small Finance Bank Ltd (ESFBL) in Fiscal 2019 was the largest small finance bank in India considering banking outlets and the 2nd largest small finance bank considering assets under management and total deposits. On the NSE, it debuted at Rs 31.10, falling 5.75 per cent from the issue price. FEATURED FUNDS ★★★★★ Mirae Asset Tax Saver Fund Direct-Growth. Equitas Small Finance Bank IPO subscribed 1.95x times, QIB 3.91x, HNI 0.22x and RII 2.08x times overall. Post Burger King and Mrs Bectors stellar response, should investors bet big on QSRs? Fresh issue: Rs 280 Cr. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Phone: 18003454001 Email: [email protected] Website: https://www.kfintech.com. Equitas Small Finance Bank is a New Age Bank that gives children, youth, families and business people across India a new way to bank. This shows the market is not willing to give good value to Equitas SFB. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Our recommendation for Equitas Small Finance Bank IPO is to subscribe for long term. 200/-Most Read. 3. Maximum Investment: Rs 193,050. Benchmarks . Equitas Small Finance Bank IPO subscription open Date is October 20, 2020 and Closing Date is October 22, 2020.Whereas, You can check Allotment on October 27, 2020. Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. As per the GMP came down from 10-15 level to 2-3 it shows the less interest in grey market but still the things will be settle on the last day. Whereas the grey market premium is very flat and every investor is confused, whether to apply or ignore this ESFB IPO. 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. … 14.43 % Invest Now. 3Y Return. 5Y Return. We need to wait to see investor sentiment during the subscription period for expecting any listing gains. As per the licensing agreement with RBI, the bank needs to pare it further to 40% by September 2021. 5Y Return. In case of under-subscription in the employee category, the unsubscribed portion will … Equitas Small Finance Bank aka ESFB IPO has begun and this Rs. 32 -33/-Rs. The issue is priced at ₹36 to ₹37 per equity share. 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A majority of its Mrs Bectors Food Specialities IPO description – Mrs Bectors Food Specialities is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India.The company manufactures and markets a range of biscuits such as cookies, creams, crackers, digestives and glucose under flagship brand ‘Mrs. 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. IPO GMP: Equitas Small Finance Bank IPO: Oct 20 – Oct 22, 2020: Rs. Equitas Small Finance Bank IPO Subscription Details (Day by Day) Equitas Small Finance Bank IPO subscribed 1.95 times.Equitas Small Finance Bank IPO received bids for 2.08 times issue size in retail, 3.91 times issue size in QIB, and 0.22 times issue size in … What lies ahead post Majesco’s dividend? IRFC IPO description – IRFC is a Public Sector Undertaking (PSU) wholly-owned finance by the Government of India acting through the Ministry of Railways.The company is registered with the Reserve Bank of India as a systematically important NBFC and is classified under the category of an “Infrastructure Finance Company”. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. “Unserved and underserved customers as targets offer a vast opportunity for business growth. The issue is priced at ₹36 to ₹37 per equity share. Equitas Small Finance Bank IPO October 18, 2020 by Team IPO Research Business Overview Equitas Small Finance Bank was the largest Small finance bank in terms of banking outlets and second largest in terms of assets under management and deposits in 2019. It has been falling since yesterday. 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 Small Finance Bank IPO to raise Rs.532 crores. Bid Lot: 450 shares and in multiples of 450 shares. Equitas Small Finance Bank IPO to hit the market on 20 October 2020 and closes on 22 October 2020.As per the GMP came down from 10-15 level to 2-3 it shows the less interest in grey market but still the things will be settle on the last day. Basic. The minimum order quantity is 400 Shares. The initial public offer (IPO) of Equitas Small Finance Bank (ESFB) is expected to be launched on October 20, 2020. The credit of shares to demat account will be done on Thursday and a stock listing is likely by Saturday. Equitas Small Finance Bank IPO to raise Rs.532 crores. Equitas Small Finance Bank is a subsidiary of Equitas Holdings. Equitas Small Finance Bank IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. ICICI Securities said the company had strong advances growth along with maintaining asset quality. List your Business on Economic Times for Free and reach out to millions of users. 52 per share. Agree? Lead Managers of Equitas Small Finance Bank Limited: JM Financial Limited Edelweiss Financial Services Limited IIFL Securities Limited. Equitas Small Finance Bank Contact Details. Equitas Small Finance Bank lists at 6% discount to issue price 02 Nov, 2020, 09.56 AM IST The IPO, which was sold between October 20 and 22, was subscribed 1.95 times in the three-day bidding process, much less compared with the issues that hit the market prior to it. Equitas Small Finance Bank IPO GMP News and Updates from The Economictimes.com. Equitas Small Finance Bank Ltd IPO Review (ESFB IPO), Dates, Price Bands, Market Lot, Equitas Bank IPO Grey Market Price, Listing Date & Time Details. FEATURED FUNDS ★★★★★ Mirae Asset Tax Saver Fund Direct-Growth. 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. The IPO opens on Dec 2, 2019, and closes on Dec 4, 2019.. KFintech Private Limited is the registrar for the IPO. Nifty 11,896.80 23.75. Equitas Small Finance Bank's GNPA has been in the range of 2.7-2.8 per cent. Nifty 11,896.80 23.75. Read Full Details : Equitas Small Finance Bank IPO, https://www.iporesearch.co.in/upcoming-ipo-in-2020/. IPO GMP (Grey Market Premium) can’t be used for taking any sort of decision, investors should proceed carefully and do there own study and analysis before proceeding further, GMP can’t be treated as basis for investment decision. Shutterstock.com Angel Broking said that at the upper end of the price band, Equitas Small Finance Bank IPO demands adjusted P/BV of 1.26 times post considering fresh issue. Equitas Bank IPO Issue Object. NSE Gainer-Large Cap . Read the Equitas Small Finance Bank IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer. Karnataka labour department says workers' rights violated at Wistron factory, A multivitamin tops drug sales for the first time in October, overtakes diabetes drugs. The bank has raised Rs 140 crore from anchor investors by the way of allocating 4.23 crore equity shares at the price of Rs 33 per equity share, which is also the upper band of the IPO price. FEATURED FUNDS ★★★★★ Mirae Asset Emerging Bluechip Fund Direct-Growth. However, the offer was put on hold due to the spread of COVID-19 disease. Registered Office of Equitas Small Finance Bank Limited : 4th Floor, Phase II, Spencer Plaza, No. Vodafone Idea 8.70 0.75. SBI shares jump 10% in Intraday today; Ujjivan Small Finance Bank IPO Listing Expectations; Sukanaya Samriddhi Yojana : How Rs. Gdp @ 7.6 %: Fudged numbers or we are really growing begun and this.! 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