Equitas Small Finance Bank IPO
Equitas Small Finance Bank IPOs will make a market debut next week. The subscription will remain open for investors from October 20 to October 22, 2020. The bank filed the draft red herring prospectus with the regulator seeking approval for Rs 280 crores in fresh equity sales and 72,000,000 equities under an offer for sale scheme. Equitas SFB shares will launch in the price band of Rs 34-35 per share.
Equitas IPO Detail
Equitas Small Finance BankIssue Period: 20th October 2020 to 22nd October 2020
₹20/- For Intraday, F&O, Currencies & Commodities
EQUITAS IPO Information
Equitas Small Finance Bank is based in Chennai. Incorporated in 1993, ESFBL is the second largest small finance bank in the country in terms of total assets under management and deposit. It was the largest SBF according to CRISIL report 2019, with the highest number of bank outlets and ATMs. Equitas Small Finance Bank has 853 branches and 322 ATMs across 15 states and union territories.
The promoter company of ESFBL is Equitas Holding. From 2007, the firm started to function as an NBFC. It currently offers diversified banking products like microloans, housing loans, vehicle loans, MSE loans, and more. The country's unbanked population is the primary target group of the bank, and it has a strong presence in the rural and urban areas.
- Diversified loan and banking products offering
- Strong financials with Rs 576.71 million PTA (profit after tax) in June quarter
- A customer-centric organisation with a primary focus on the underserved and unserved segment
- Robust retail liability portfolio
- Strong industry presence
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