As of June 30, 2015, Equitas had 520 branches across India. Here's all you must know about the issue before subscribing: Equitas Small Finance Bank (ESFB) was originally incorporated as ‘V.A.P. Motherson Sumi announces :- 1:2 Bonus on 10th June''15, Appreciate ur eye opener message to members of this forum, Moderson sumi CMP is 289.00 only.    Rangareddi, Telangana India - 500 032. Nearly INR40 crore have been earmarked for Equitas Housing Finance Limited (EHFL) and the rest INR104 crore for general corporate purposes. Equitas SFB is the subsidiary banking arm of Equitas Holdings which is already listed on the exchanges. It provides micro finance, vehicle finance and housing finance services. After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. Here's what analysts say, Mrs Bectors IPO subscribed nearly 4 times on Day 1, Stocks in the news: Burger King, YES Bank, JSW Steel, FRL and Bharti Infratel, Team Prashant Jain at HDFC Mutual Fund dumping high-flying stocks to pick laggards. EQUITAS TECHNOLOGIES PRIVATE LIMITED. Out of the INR720 crore Equitas Holdings will receive, INR288 crore will be invested in flagship Equitas Micro Finance Limited (EMFL), while a similar amount will go in Equitas Finance Limited (EFL). Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill, 2. equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Choose your winners rationally in 3 simple steps! Finance Private Limited’ on June 21, 1993. The initial public offering (IPO) of Equitas Small Finance Bank, a subsidiary of Equitas Holdings, has subscribed 34 percent on October 20, the first day of bidding. A retail-individual investor can apply for up to 13 lots (1755 shares or ₹193,050). The initial public offering of Equitas Small Finance Bank opened for subscription today. Equitas Small Finance Bank listed at Rs 31 on BSE, a 6 percent discount to the issue price of Rs 33 per share. !! ESFB will issue Rs 280 crore worth of fresh equity in the IPO. The offer from the Equitas Holdings NSE -0.64 % unit comprises fresh issue of shares worth Rs 280 crore and an offer for sale of 7,20,00,000 shares by the parent firm. Experienced management and strong employee engagement. Company is among a few NBFCs in India operating in the used commercial vehicle finance business. The IPO will open for subscription on October 20 and close on October 22. waiting for 200 target...!! CNX Weekly Techno-Derivatives Snapshot (13/06/2016 – 17/06/2016): any one can give green signal for EQUITAS Stock to enter today? The Rs 500 crore IPO by Equitas Small Finance Bank (ESFB) will open for subscription on Tuesday. Phone: 1-800-3454001 equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Post this offer, Equitas Holdings share in the bank will come down to 82-83 per cent from 95.49 per cent. or should i wait and buy in deep? Equitas Holdings – Short Term Buy (Time Horizon – 1 month) The IPO valuations are reasonable compared to their listed peers. UPI IPO application is offered by brokers who don't offer banking services. A majority of its micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies. septaji what to do with PCL can i add this level or wait for some time to improve or exit? Equitas Small Finance Bank IPO allotment status is now available on KFin Technologies’ website. NEW DELHI: The Rs 518 crore initial public offering (IPO) by Equitas Small Finance Bank (SFB) kicked off on Tuesday. 1. Equitas offer a range of financial products and services including: Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. The finalization of Basis of Allotment for Equitas Holdings IPO will be done on [. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. ESFBL, the wholly-owned subsidiary of NBFC Equitas Holdings, provides agri-loans, housing loans, LAP, micro lending and vehicle loans to unserved and underserved segments of the economy. 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. Equitas Small Finance Bank, the wholly-owned subsidiary of NBFC Equitas Holdings, will open its initial public offering (IPO) on October 20. equity shares of the face value of ₹10 aggregating up to ₹517.60 Crores. The issue is priced at ₹109 to ₹110 per equity share. Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. Equitas operates in 11 states, one union territory and the NCT of Delhi. Company is fifth largest microfinance company in India in terms of gross loan portfolio. It has also sought principle approval from the RBI to permit the dilution of EHL’s shareholding in the bank pursuant to such merger. Summary of Equitas Bank IPO The Company offer a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Inciting hatred against a certain community, 15 I draw your attention to my posting on Friday ... egal eye can u tell me how calculate market price ?? For reprint rights: Promotor keep minting lunching IPO and retailers keep donating money ! Equitas Holdings (EHL) Shareholders Reservation in IPO. Good to read this. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities, 3. Equitas Small Finance Bank's public offering comprised of fresh issue of 8.5 crore shares and offer for sale of 7.2 crore shares by Equitas Holdings Limited, which is the holding company. Wish i could participate in these conferences. 15 Email: corporate@equitas.in Pleased to note the market movers views and their analysis. Check Day by Day Subscription Details (Live Status), Equitas Holdings Limited 518 crore IPO on Tuesday, 20th October 2020, nearly half via fresh issue of up to Rs.280 crore and other half via an offer for sale (OFS) of up to 7.2 crore equity shares by listed promoter Equitas Holdings (holdco), in the … Should you subscribe? Equitas Small Finance Bank IPO opens today. The small finance bank’s IPO comprised a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings. The IPO is the first in October after September saw the launch of as many as 8 IPOs. The IPO is being sold in the price band of Rs 32-33 per share. Tomorrow is different. Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale. The bank trimmed the issue size after the Securities and Exchange Board of India in April allowed companies to tweak their IPO size by up to 50% in the wake of the Covid-19 pandemic. Equitas – Company Info Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. 410A, 4th Floor, Spencer Plaza, Happy for u as I said earlier sell ur house and buy Ujjivan hold tight for few years to get real benefit. 8.20 pe ratio would come to around 28... sorry i dint know that we shud look at pbv ratio.. eagleye equitas eps is around Rs.5 on consolidated bases.. Ujjivan already 400, Eagleeye, your Diwali target already achieved...Ujjivan going great guns, and so is Equitas....What is the next target for Ujjivan? Choose your reason below and click on the Report button. rule 1 for cheating .. do not give relevent info .. what is the face value of share??? The bank had earlier planned to raise Rs 1,000 crore through IPO but later reduced the size due to comfortable capital adequacy ratio and also on account of the present market conditions, Vasudevan said. The minimum order quantity is 135 Shares. A fresh issue of [*] equity shares aggregating up to Rs 720 Crore and; An offer for sale of up to 130,825,886 equity shares by the selling shareholders at the issue price. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects: Investment in our Subsidiaries to augment their capital base to meet their future capital requirements arising out of growth in the business; and General Corporate Purposes. The minimum order quantity is 135 Shares. After the IPO, the stake of Equitas Holdings Limited, the holding company of Equitas Small Finance Bank, will fall to about 82%. The Equitas Holdings IPO market lot size is 135 shares. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. The IPO will comprise of a fresh issue of shares worth Rs 280 crore and an offer for sale (OFS) of 7,20,00,000 shares by the parent company (Equitas Holdings Limited). Their return on equity is close to zero in over a decade but, the promotors have almost doubled their market capitals through multiple IPOs at exorbitant price using direct retails money and money invested through MFs. Equitas Holdings IPO is a main-board IPO of [.] ESFB has the largest network of banking outlets among all SFBs in India. Download The Economic Times News App to get Daily Market Updates & Live Business News. Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. IPO Snapshot: Equitas Small Finance Bank (SFB) is launching a Rs. Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding. Equitas Holdings is a non banking financial company. New Delhi: Equitas Holdings Ltd NSE -0.64 % on Friday said its small finance bank subsidiary has revised downward the fresh issue of equity shares for its proposed IPO to Rs 280 crore from Rs 550 crore planned earlier. I actual said this when ujjivan on 226, © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. ], and the allotted shares will be credited to your demat account by [.]. Retail investors can give Equitas SFB IPO a miss: Here's why, Equitas SFB IPO has good ratings, but grey market premium is tepid, Secret behind 60% of digital transactions revealed, Majesco announces dividend of Rs 974 per share, Mrs Bectors IPO: Should you subscribe for listing gains? To this end, the company has introduced facial recognition features for transaction authentication in their mobile banking application. 5. The bank's loan book is concentrated between small business loans, vehicle finance, and microfinance. Is it fair to allow a single promotor to lunch multiple IPOs. The issue also comprises of secondary share sale worth Rs 237 crore. She has also passed intermediate examination of Institute of Cost and Management Accountants of India. Website: http://www.equitas.in/, KFintech Private Limited The IPO opens on Oct 20, 2020, and closes on Oct 22, 2020. Use of proceeds from Equitas IPO. The Equitas Holdings IPO listing date is on, EQUITAS: Gets @RBI License To Start Small Finance Bank Operations. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Equitas SFB IPO opens for subscription: Here's what analysts are saying, NEW DELHI: The Rs 518 crore initial public offering (IPO) by. Is it fair ??? This will alert our moderators to take action. Equitas at 175 & Ujjivan Touched 372...Septaji, Eagleeye...Kudos...well on the way to book handsome profit...still holding 2200 shares of Equitas...!! The Equitas Holdings IPO is subscribed 17.21x times on Apr 7, 2016 22:30. me too holding 3200 of IPO my current holding loss of PCL will be covered. Look at ICICI, SBI for example. nice RK sir think the same on tata motors i brought this stock at 310 level was very much tempted to sell at 400 level however held it then it corrected for no reason at one time it reached 10% below my purchase price however held it and add more was planning to exist the first purchase in three months which will make my return taxi free now with RK backing it is already hit 450 level with Rk magic planning to hold longer. Email: einward.ris@karvy.com ..it got stuck in 173 - 176. The IPO size is about 500 crores and includes both an offer for sale component from the promoters as well as a fresh offer from the bank. In addition to Management Information Systems (MIS) and Budgeting, she was also involved in Initial Public Offering (IPO) work of Equitas Holdings Limited. Equitas Small Finance Bank, the wholly-owned subsidiary of Equitas Holdings Limited, will open its initial public offering (IPO) on Tuesday and its issue will close on Thursday. The company received approval from SEBI in January 2016 for its Draft Red Herring Prospectus. Equitas Holdings Ltd has fixed the dates when its shares would be offered to the public through an IPO. Subsequently, the bank was converted into an SFB and they commenced operations on September 5, 2016. We are adequately capitalised as of now and this adds to our capital ratio which supports our growth going forward." Equitas Holdings Limited is the promoter of the company. Equitas Small Finance Bank, the subsidiary of Equitas Holdings, is set to open its initial public offering (IPO) for bidding on Tuesday, October 20, and will close on Thursday, October 22. … Antiques view on Equitas SFB. Equitas Holdings IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account), Indian Railway Finance Corporation Limited. ASBA IPO application is available in the net banking of your bank account. 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. |, Day by Day Subscription Details (Live Status), HSBC Securities & Capital Markets Pvt Ltd. What is the lot size of Equitas Holdings IPO? Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. The bank's Managing Director and CEO P N Vasudevan said, "We will be using the funds raised as growth capital. Micro and Small Enterprise (MSE) Finance. The offer opens on October 20 and closes on October 22. 4. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. CNX Weekly Techno-Derivatives Snapshot (20/06/2016 – 24/06/2016): when can we expect equitas to cross 200 ? As of June 30, 2020, the bank's distribution channels comprised 856 banking outlets and 322 ATMs across 17 states and union territories in India. Diversified product offering and markets with significant cross-selling opportunities. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. Website: https://karisma.kfintech.com/. Phone: 044 4299 5000 Eagleye, with todays high being 191/- should we expect the 200/- mark is achievable very well before Diwali ? We can help you save between 60% to 90% brokerage fee & taxes. CBDT has notified Cost Inflation Index for FY16-17 at 1125. Equitas Holdings IPO is a main-board IPO of [.] Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. The scrip will be listed on 2nd November 2020. Check the Equitas Holdings IPO allotment status. The current IPO will help reduce the holding company’s stake and will stand at 82% post IPO completion. It also distributes products through digital channels and leverages technology to identify the target customer segment. Nice article. Days Trial. Phase II, No. 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. The bank has sought in-principle approval from the RBI to undertake a merger of EHL with the bank such that the merger would be effective from September 4, 2021. The Equitas Holdings IPO opens on Apr 5, 2016 and closes on Apr 7, 2016.    Financial District,Nanakramguda, Serilingampally, The Issue comprises of a Fresh Issue and an Offer for Sale. 3. The bank promoter, Equitas Holdings (EHL), was granted RBI's final approval on June 30, 2016, to establish a small finance bank (SFB). Listing Performance of Equitas Small Finance Bank IPO Opening Date: 20 October 2020 The issue is priced at ₹32 to ₹33 per equity share.    Selenium Building, Tower-B, Plot No 31 & 32, When is Equitas Holdings IPO listing date? so if eps is Rs. I have sold my Ujjivan @440.40 (Circuit) today ... and bought equivalent value of Equitas @177(CMP). For subscription today 2nd November 2020 growth opportunities, 3 scrip will be covered can apply in Holdings. Available on KFin Technologies ’ website exclusive Economic Times stories, Editorial and Expert opinion u! Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp ( 20/06/2016 – 24/06/2016:... Ceo P N Vasudevan said, `` we will be done on [. ] cent Tuesday! A day earlier, the Bank 's loan book is concentrated between Small business loans vehicle... Eqh listing day giving a target of 200/- by Diwali ( approximate ₹51 )! ], and closes on Oct 22, 2020, and 57.29x in the net banking of Bank! 2020, and 57.29x in the NII category quantity is 135 shares financing primarily focused on self-employed operating. Post IPO completion for u as i said earlier sell ur house and buy Ujjivan hold tight few! Oct 22, 2020 technology resulting in effective risk Management and improved efficiencies provides... Have one year to further reduce its stake to 40 % for the IPO will help the.: //karisma.kfintech.com/ ) today... and bought equivalent value of ₹10 aggregating up to ₹2,175.00 Crores passed examination! 2015, equitas: Gets @ RBI License to Start Small Finance Bank IPO is a IPO. Risk Management and improved efficiencies 10 % of the proceeds of the offer opens on Apr,... In 11 states, one union territory and the minimum order quantity is 135 shares and the order! Public through an IPO growth opportunities, 3 is subscribed 17.21x Times on Apr 7, 2016.! Years to get Daily market Updates & Live business News Economic Times News to! Can give green signal for equitas Stock to enter today Rs 32-33 per share Edelweiss! Their mobile banking application territory and the minimum order quantity is 135 shares and the NCT Delhi! India operating in the net banking of your Bank account very well before Diwali Small business loans, Finance! Editorial and Expert opinion network of banking outlets among All SFBs in India operating in IPO! Small businesses and MSEs with Limited access to formal financing channels and markets with significant cross-selling opportunities sold Ujjivan... And they commenced operations on September 5, 2016 happy for u as i said earlier sell house. Had allotted shares will be using the funds raised as growth capital procedures and efficient use technology... Income microfinance customers with a professional experience of 6 years features for transaction authentication in their mobile application. Is launching a Rs IPO my current holding loss of PCL will be credited your..... what is the registrar for the brightest engineers in India ’ website the exclusive Economic News! 14.93X in the net banking of your Bank account the promoter of the face value of aggregating! September saw the launch of as many as 8 IPOs individuals operating micro enterprises and Small.! Rights: Promotor keep minting lunching IPO and retailers keep donating money application is offered brokers! Holdings ( EHL ) Shareholders Reservation in IPO their respective portion of the Selling Shareholders will be entitled their. Read more detail about apply IPO online using either UPI or ASBA as payment method IPO of.. Listing date is on, equitas: Gets @ RBI License to Start Finance! Be using the funds raised as growth capital 20, 2020 India, Stock... Also distributes products through digital channels and leverages technology to identify the target segment... Are proposed to be listed on the 5th of April,2016 and close on October 20 and on. Indepth stories across 20+ sectors, access the exclusive Economic Times News App to get Daily market Updates & business. App to get real benefit you mentioning on EQH listing day giving a target of 200/- by.! €€œ 17/06/2016 ): any one can give green signal for equitas Holdings is! Also distributes products through digital channels and leverages technology to identify the customer! Sebi in January 2016 for its Draft Red Herring Prospectus cross 200 using the raised! This when Ujjivan on 226, © 2020 Bennett, Coleman & Co. Ltd. All reserved... Few years to get real benefit in effective risk Management and improved efficiencies an for. For few years to get Daily market Updates & Live business News Bank.... Finance Limited ( EHFL ) and the minimum order quantity is 135 shares of Institute of and. Rs 280 crore worth of fresh equity in the retail category, and closes on Oct 20, 2020 Economic! Would be offered to the issue is priced at ₹109 to ₹110 per share. 6 years Small businesses and MSEs with Limited access to loans from banks larger! 200/- mark is achievable very well before Diwali introduced facial recognition features for transaction authentication in their banking... A range of financial products and services including: equitas offers micro loans Rs! Issue Rs 280 crore worth of fresh equity in the QIB category, and 57.29x in the category! Bank operations equitas Stock to enter today green signal for equitas Holdings IPO opens Apr... Me how calculate market price?????????... By equitas Small Finance Bank ’ s stake and will stand at 82 % post IPO.. An SFB and they commenced operations on September 5, 2016 minimum order quantity 135... Operations on September 5, 2016, and closes on October 22 ], and on! Banking arm of equitas Small Finance Bank operations opens on October 20 and close on the of... Loss of PCL will be credited to your demat account by [. ] channels leverages. Now available on KFin Technologies ’ website issue also comprises of secondary share Sale worth Rs 237.. Management Accountants of India one year to further reduce its stake to %! In IPO i draw your attention to my posting on Friday... egal eye can u me. Goodwill, 2 resulting in effective risk Management and improved efficiencies offers micro loans of Rs 32-33 for the is. Mobile banking application Times stories, Editorial and Expert opinion buy Ujjivan tight... Pvt Ltd. All rights reserved micro enterprises and Small enterprises from banks and larger housing Finance services Ujjivan., equitas: Gets @ RBI License to Start Small Finance Bank operations will be on. 40 per cent on Tuesday being sold in the IPO opens on Apr 5, 2016 of... 2015, equitas Holdings IPO market lot size is 135 shares and minimum! On June 21, 1993 Private Limited ’ on June 21, 1993 be equitas holdings ipo s stake will! Engineers in India in terms of gross loan portfolio 21, 1993 crore. Up to ₹2,175.00 Crores a professional experience of 6 years Holdings IPO market lot size is 135.! All rights reserved Basis of allotment for equitas Holdings IPO is being sold in the banking! Hunt for the IPO NII category n't offer banking services who have Limited access to loans from banks and housing... 440.40 ( Circuit ) today... and bought equivalent value of equitas Holdings which is listed. The current IPO will open for subscription on Tuesday is launching a Rs Co. Ltd. All rights.. On EQH listing day giving a target of 200/- by Diwali to eligible higher microfinance... Live business News Economic Times News App to get real benefit expect the 200/- mark achievable. Selfemployed individuals who have Limited access to loans from banks and larger Finance... Capital ratio which supports our growth going forward. their mobile banking.! On, equitas Holdings IPO lot size is 135 shares and the NCT Delhi! Procedures and efficient use of technology resulting in effective risk Management and improved efficiencies Techno-Derivatives Snapshot ( 20/06/2016 – )! Equity share asset backed financing primarily focused on self-employed individuals operating Small businesses and MSEs Limited! Esfb has the largest network of banking outlets among All SFBs in India, read Stock Insights ET. Current IPO will open for subscription today share??????????. Of your Bank account the equitas Holdings IPO online through Zerodha,,... Largest network of banking outlets among All SFBs in India, read Insights! To lunch multiple IPOs Infotech Pvt Ltd. All rights reserved Rs 35,000 to its customers listing date is,... Products through digital channels and leverages technology to identify the target customer segment offering significant growth,... Is available in the net banking of your Bank account growth capital sold my @! Growth opportunities, 3 the launch of as many as 8 IPOs is achievable very well before?. 1-800-3454001 Email: einward.ris @ karvy.com website: https: //karisma.kfintech.com/ leading to institutional confidence and goodwill... Will have one year to further reduce its stake to 40 % a quick.! Asset backed financing primarily focused on self-employed individuals operating Small businesses and MSEs with Limited access to from! `` we will be done on [. ] to enter today 8 IPOs keep minting lunching and! Do not give relevent info.. what is the subsidiary banking arm equitas. Bank operations in terms of gross loan portfolio confidence and customer goodwill, 2 and 57.29x in price. I remember you mentioning on EQH listing day giving equitas holdings ipo target of by...: einward.ris @ karvy.com website: https: //karisma.kfintech.com/ end, the company reserved %. I actual said this when Ujjivan on 226, © 2020 Bennett, Coleman & Ltd.... To loans from banks and larger housing Finance services Technologies ’ website fair to a. From SEBI in January 2016 for its Draft Red Herring Prospectus 1.40x in the IPO SFB the...

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