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Open
20 Oct 2020
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Close
22 Oct 2020
3
Allotment
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Listing
Mon, Nov 2, 2020
Price Band
₹32 to ₹33
Issue Size
15,68,48,484 shares (agg. up to ₹518 Cr)
Lot Size
450 Shares
Listing Date
Mon, Nov 2, 2020
Latest GMP
₹1
Est. Gain
3.03%
✦ AI Insight
GMP Trend
22-10-2020₹1Est. ₹34+3.03%
21-10-2020₹2Est. ₹35+6.06%
20-10-2020₹2Est. ₹35+6.06%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.53x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 20,892.14 | 19,314.55 | 15,762.69 | 13,301.15 |
| Total Income | 750.97 | 2,927.80 | 2,394.83 | 1,772.90 |
| Profit After Tax | 57.67 | 243.64 | 210.57 | 31.83 |
| EBITDA | 447.39 | 415.52 | 136.02 | |
| NET Worth | 2,788.54 | 2,730.87 | 2,241.04 | 2,030.47 |
| Reserves and Surplus | 1,748.42 | 1,690.75 | 1,248.38 | 1,037.81 |
| Total Borrowing | 5,525.53 | 5,134.87 | 3,973.03 | 5,177.21 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ujjivan Small Finance Bank Ltd. | Mainboard | ₹745.95 Cr | ₹37 | null | ₹55.95 | +51.22% | ₹65.62 (+0.18%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Towards augmenting our Bank’s Tier I capital base to meet our Bank’s future capital requirements |
About Equitas Small Finance Bank IPO
Incorporated in 1993, Chennai based Equitas Small Finance Bank Ltd (ESFBL) was the 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. Unlike other microfinance companies, it has a diversified loan portfolio and less dependence on microfinance business. 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 customers' income profile, type of security available and nature of business.Apart from this, the bank also provides current accounts, salary accounts, savings accounts, other deposit accounts, ATM-cum-debit cards, mutual fund products, third party insurance, and issuance of FASTags.ESFBL follows credit assessment procedures through a risk management framework which is analyzed by its Risk Management Committee. As on 30th Sep 2019, it has the largest distribution channel among Small Finance Banks (SFBs
Contact Details
Equitas Small Finance Bank Ltd. Address4th Floor, Phase II, Spencer Plaza, No.769Mount Road, Anna SalaiChennai, Tamil Nadu, 600002+91 44 4299 5000secretarial@equitas.inVisit Website