Equitas Small Finance Bank Ltd (ESFBL) Incorporated in 1993, was chennai based largest small finance bank in India in Fiscal 2019 considering banking outlets and the 2nd largest small finance bank considering assets under management and total deposits. With the main focus on financially unserved and underserved customers, the bank offers a wide range of banking products and services.
The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Equitas Small Fin Bank offers financial products according to customer’s income profile, type of security available and nature of business.
Competitive Strengths
- A customer-centric organization with a focus on unserved and underserved segment
- A well-diversified asset portfolio as SFB
- Strong retail liability portfolio
- Credit assessment procedures
Equitas Small Finance Bank IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹32 to ₹33 per equity share |
| Market Lot | 450 Shares |
| Min Order Quantity | 450 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 543243 |
| NSE Symbol | EQUITASBNK |
| ISIN | INE063P01018 |
| Issue Size | Aggregating up to ₹517.60 Cr |
| Fresh Issue | Aggregating up to ₹280.00 Cr |
| Offer for Sale | Aggregating up to ₹237.60 Cr |
Equitas Small Finance Bank IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 20-Oct-20 |
| IPO Close Date | 22-Oct-20 |
| Basis of Allotment Date | 27-Oct-20 |
| IPO Listing Date | 2-Nov-20 |
Equitas Small Finance Bank IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 450 | ₹14,850 |
| Maximum | 13 | 5850 | ₹193,050 |
IPO Allotment Status
please click hare to check IPO Allotment Status For Equitas Small Finance Bank Ltd
Company Financials:
| POARTICULAR | 30-Jun-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 208,921.39 | 193,145.47 | 157,626.91 | 133,011.50 |
| Total Revenue | 7,509.68 | 29,277.95 | 23,948.32 | 17,729.03 |
| Profit After Tax | 576.71 | 2,436.35 | 2,105.66 | 318.31 |
Company Promoters:
Equitas Holdings Limited is the promoter of the company.
Objects of the Issue:
The bank proposes to utilize the Net Proceeds from the fresh issue offer towards augmenting the Bank’s Tier I capital base to meet the future capital requirement.
Registrar & Company Details
| Company Contact Information | Equitas Small Finance Bank IPO Registrar |
| Equitas Small Finance Bank Ltd 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu, India Phone: +91 44 4299 5000 Email: secretarial@equitas.in Website: https://www.equitasbank.com/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@kfintech.com Website: https://karisma.kfintech.com/ |
