Zerodha - FREE Delivery Trade and Rs 20 Max for trading in other segments Open Account Now. Chennai-based Equitas Holdings is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels. Equitas Small Finance Bank's ₹ 517.6 crore initial public offer (IPO) was open for subscription between October 20 and October 22. Read more about Equitas SFB shares close nearly 1% below IPO price on market debut on Business Standard. The IPO opens on Oct 20, 2020, and closes on Oct 22, 2020. The merchant bankers of the IPO have fixed the price band at Rs 32-Rs 33 per equity share and shares will be listed on the benchmark indices on November 2, 2020. Equitas Small Finance Bank IPO listing date is 02 November 2020. Official announcement video, Farmers Protest: PM Modi Urges All 'Annadatas' to Read Tomar's Open Letter on Farm Laws, Most Tweeted Indian Music Artists of 2020: Himanshi Khurana, Thaman S and Armaan Malik are top 3, Liverpool must maintain momentum of Spurs win: Robertson, GPS-based system to deduct toll tax straight from banks, replace toll booths in 2 years: Gadkari. The IPO of Equitas Small Finance Bank opens on October 20 and closes on October 22. This shows the market is not willing to give good value to Equitas SFB. The public issue consists a fresh issue of Rs 280 crore (8.5 crore shares) and an offer for sale of 7.2 crore equity shares by Equitas Holdings (valued at Rs 237.6 crore at the upper price band), taking the total issue size to Rs 517.6 crore. Get Equitas Small Finance IPO open dates, review, price band, form and market lot details at Groww. EQUITAS SMALL FINANCE Bank IPO Details. You will receive a payment request on your UPI id. Listing Estimate for Equitas Small Finance Bank Limited IPO : ... fact that Grey market also plays important part in attracting subscriptions which in turn affect the costing and listing price. We are a technology led financial services company, that provides broking and advisory services, margin funding, loans against shares... Know more about us, ‘Investments in securities market are subject to market risk, read all the related documents carefully before In a fixed price IPO offer, Equitas is launching its shares in the price band of Rs 34-35 apiece. The share price band of the ₹ 520 crore IPO has fixed at ₹ 32- ₹ 33 per equity share. How to apply in Equitas Bank IPO through Angel Broking? Check out Equitas Small Finance Bank IPO allotment status online. The total IPO size of Rs 517.60 crores will contain both fresh scrips and an offer for sales shares from the promoter. Log in to your account and select Equitas SFB IPO offer to bid. : INH000000164, Investment Adviser SEBI Regn. 3. Equitas Small Finance Bank is based in Chennai. The public issue included a fresh issue of Rs 280 crore and an offer for sale from existing investors worth Rs 237 crore. From this angle, the IPO is beaten up. Equitas’ poor asset quality and and provisioning is reflected in the valuation. The Average Monthly Balance must be maintained in the Equitas Small Finance Bank depend upon the region. Equitas Small Finance Bank IPO Allotment & Listing Details: Equitas Small Finance Bank IPO allotment date is 27 October 2020 but the allotment might come on 28 October … The issue is priced at ₹109 to ₹110 per equity share. Equitas Small Finance Bank's net interest income has grown from Rs 861 crore in financial year 2018 to Rs 1,495 crore in the last fiscal year. Answered on 2019-12-18. It consists an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited, the holding company of the bank. Get maximum subscription along with highest leverage with us. **** Equitas Small Finance Bank IPO Details **** IPO Date: 20 OCT 2020 – 22 OCT 2020 IPO Price: Rs 34 – 35 per equity share Issue Size: 15,20,00,000 Shares (Rs 532 crore) Face Value: Rs 10 per equity share Market Lot: 428 Shares Listing At: BSE, NSE 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 You will receive the shares directly in your DEMAT account. Equitas Small Finance Bank, the subsidiary of Equitas Holdings, has fixed the price band for its forthcoming initial public offering (IPO) at Rs 32-33 per share. Equitas Holdings IPO. Equitas Holdings IPO opens on 5 April in what is India’s first IPO of small finance bank. Equitas Small Finance Bank IPOs will make a market debut next week. 5. 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