Equitas Small Finance Bank Ltd IPO Review (ESFB IPO), Dates, Price Bands, Market Lot, Equitas Bank IPO Grey Market Price, Listing Date & Time Details. This is lower than the valuation of Ujjivan SFB and AU SFB, which are valued at P/B of 1.7 and 4.9 respectively. The company has fixed the price band of the IPO at Rs 32-33. The IPO consists of a fresh issue aggregating up to Rs 280 crore. Equitas Holdings Limited is the promoter of the company. 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. The IPO consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited, the holding company of the bank. At the upper end of the price band of ₹32-33 per share, Equitas Small Finance Bank is valued at 1.2 times book value (as of June 2020, post issue). The Equitas Small Finance Bank IPO consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited (EHL). Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. The IPO of Equitas Small Finance Bank opens on October 20 and closes on October 22. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). Equitas Small Finance Bank fixes IPO price … The company has fixed a price … The company has given this information in the regulatory filing. 32 -33/-Rs. The initial public offer comprises a fresh issue of Rs 280 crore and an offer for sale of 7.20 crore shares. Valuation and Recommendation With the IPO price band of Rs 32-Rs 33, the stock is available at a price-to-book value (Q1FY21) of around 1.24 times its upper price band. This bank was the largest small finance bank in India in Fiscal 2019. Equitas Small Finance Bank IPO would open for subscription on October 20, 2020. What is the Subject to Sauda price for Equitas Small Finance Bank Ltd IPO? Equitas Small Finance Bank (SFB)'s Rs 518 crore initial public offer (IPO) closes for bidding at 5:00 pm today i.e. they are coming up with an IPO at around 33-35 price band. The Subject to Sauda price for Equitas Small Finance Bank Ltd IPO is Rs.900-1000. The closes on October 22. The IPO will open for subscription on October 20 and close on October 22. Equitas Small Finance Bank IPO GMP Today. Equitas’ poor asset quality and and provisioning is reflected in the valuation. Equitas Small Finance Bank is among the largest SFB in India in terms of number of banking outlets, as of March 31, 2019, and in Fiscal 2019 we recorded the fourth lowest yields indicating our diversification away from microfinance. The Rs 520 crore IPO of Equitas Small Finance Bank (ESFB) will open today for subscription and close on October 22. October 22. 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 2. Equitas Small Finance Bank Ltd IPO Review/Comments. 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. Ahead of the opening of the IPO, Gland Pharma had raised a total of Rs 1,943.86 crore at the upper price band of Rs 1,500 per share from 70 anchor investors. 05/- (Oct 18, 2020) Read Full Details : Equitas Small Finance Bank IPO… Equitas Small Finance Bank has recently done Pre-IPO Placement at Rs.52 per share. Equitas Holdings (EHL) Shareholders Reservation in IPO. … NSE Code for Equitas SFB is TBD. The IPO will open for subscription on October 20 and close on October 22. Equitas Small Finance Bank (ESFB) has reduced the size of its initial public offering (IPO) to Rs 280 crore from Rs 550 crore. Equitas Small Finance Bank has targeted to raise Rs 500 crore through an IPO. The shares were sold in the price band of Rs 32- … Equitas Small Finance Bank IPO Kostak Price. (iStock Files) The issue for anchor investors will open on October 19, a day prior the issue opening for public. Equitas Small Finance Bank IPO to raise Rs.532 crores. Its IPO issue price … It consists an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited, the holding company of the bank. IPO Name: IPO Date: Price Band: IPO GMP: Equitas Small Finance Bank IPO: Oct 20 – Oct 22, 2020: Rs. 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. The trend seems to be flat. Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. This shows the market is not willing to give more value to the financial companies post COVID-19. The Kostak Price of Equitas Small Finance Bank IPO is ₹0. Leave a Comment on Equitas Small Finance Bank IPO, Date, GMP, Price Band ₹32-33 Equitas Small Finance Bank is the subsidiary of Equitas Holdings and it is finally launching its IPO on Oct. 20. And now. Equitas Small Finance Bank's Rs 517.6 crore initial public offer (IPO) was open for subscription from October 20 till October 22. The scrip will be listed on 2nd November 2020. Equitas Small Finance Bank has allotted 42,327,271 shares to 35 anchor investors and raised Rs 139.68 crore. Should you subscribe The Kostak Price for this IPO has no trades. Equitas Small Finance Bank IPO – Oct 20 to 22 October 16, 2020 Equitas Small Finance Bank Limited is coming out with a fresh public issue to raise Rs 510 – 518 crores from the market. The Chennai-based small finance bank (SFB) has a price band fixed Rs 32-33 per share. The Rs 518-crore Equitas Small Finance Bank initial public offer (IPO) will open for subscription on Tuesday, October 20, 2020. At the upper end of the price band of Rs 33 the IPO is valued at a price-book (P/B) multiple of 1.2 on post-IPO equity. The ₹ 520 crore IPO of Equitas Small Finance Bank, which opened for subscription on Tuesday, was subscribed 0.51 times as of 1:15 pm on Day 2. Guest User. The GMP is going down from 10 to 3 and the subscription numbers also not looks convincing for the investors. Equitas Small Finance Bank IPO subscribed 39%, retail portion booked 85% on Day 1 Equitas Small Finance Bank IPO opens: Should you subscribe? The Grey Market Premium of Equitas Small Finance Bank IPO is ₹1 – ₹2. Equitas Small Finance Bank aka ESFB IPO will hit the market on 20 October 2020. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. The share price band of the ₹ 520 crore IPO has fixed at ₹ 32- ₹ 33 per equity share. Price range for the offer has been fixed at Rs 32-33 per share. Equitas Small Finance Bank fixed the price band for its IPO at Rs 32-Rs 33 per equity share. Equitas Small Finance Bank (ESFB), a subsidiary of Chennai-based Equitas Holdings, has fixed the price band for its upcoming initial public offering (IPO) at Rs 32-33 per share. It has been falling since yesterday. At the same time, retail investors can invest in this IPO from tomorrow until October 22. NEW DELHI: The Rs 518 crore initial public offer (IPO) by Equitas Small Finance Bank opened for subscription on Tuesday. 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