IPO

Equitas Small Finance Bank Ltd IPO

Mainboard

Bank - Private

Listed On: Nov 2, 2020 at ₹ 31.10

₹ 14850 /450 Shares

Check Allotment

20 Oct, 2020

Open Date

22 Oct, 2020

Close Date

28 Oct, 2020

Allotment Date

02 Nov, 2020

Listing Date
Price Summary

Last Closing

58.95 (78.64%)

52 Week High

75.50

52 Week Low

50.00

Last Update

19-Dec-2025 3:30 PM
IPO Live Subscription Details
QIB 3.91x
Retail 2.08x
NIIs 0.22x
Retail 2.08x
EMP 1.84x
Total 1.95x
Last updated: 2020-10-22 17:00:00
IPO Issue Details
  • Issue Price ₹32 to ₹33 per equity share

    Shareholder Discount: ₹0
    Employee Discount: ₹0
  • Face Value ₹10 Per Equity Share 
  • Issue Price Total Equity Shares 15,68,48,485 of Rs 10/- at price of Rs 32/- to Rs 33/- with aggregating up to Rs 517.6/- Cr

    Fresh Issue: 8,48,48,485 Equity Shares of Rs 10/- at price of Rs 32/- to Rs 32/- with aggregating up to Rs 280/- Cr

    Offer for Sale: 7,20,00,000 Equity Shares of Rs 10/- at price of Rs 32/- to Rs 33/- with aggregating up to Rs 237.6/- Cr
  • Listing at BSE, NSE
  • List Price 31.10
  • Listing Date 2020-11-02
  • Lead Manager Edelweiss Financial Services Ltd
    IIFL Holdings Limited
    JM Financial Consultants Private Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion N/A
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹32 - 33 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Oct 20, 2020 and ends on Oct 22, 2020. The allotment for IPO will be finalized on Oct 28, 2020. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 2, 2020. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Edelweiss Financial Services Ltd, IIFL Holdings Limited, JM Financial Consultants Private Limited.


The IPO sets its price band at 32 - 33 for each share. A single application for Equitas Small Finance Bank Ltd IPO must contain at least 450 shares.

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IPO Subscription Analysis And Details
Retail
2.08x
QIB
3.91x
NII
0.22x
Total
1.95x
As on QIB NII Retail Employee Share Holder Total
Shares Offered / Reserved 27,975,001 21,487,500 50,137,500 312,500 15,937,500 115,850,001
Day 1 20-10-20 05:00 PM
0.00 x 0.02 0.85 x 0.59 x 0.14 x 0.39 x
Day 2 21-10-20 05:00 PM
0.05 x 0.05 1.42 x 0.97 x 0.24 x 0.67 x
Day 3 22-10-20 05:00 PM
3.91 x 0.22 2.08 x 1.84 x 0.41 x 1.95 x
Valuations
Earnings Per Share (EPS) ₹2.15/-
P/E Ratio 15.42
RoNW 8.92%
Net Asset Value (NAV) - Post Issue ₹26.47
Company Financials
In Crs.
In Cr.
30-Jun-20 31-Mar-20 31-Mar-19 31-Mar-18
Assets 20,892.13 19,314.54 15,762.69 13,301.15
Revenue 750.96 2,927.79 2,394.83 1,772.90
Profit After Tax 57.67 243.63 210.56 3,183
About Company

Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. After receiving a license from the Reserve Bank of India on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank.

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IPO - Issue Objectives
1

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.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Equitas Small Finance Bank Limited 1.32 15.42 8.92 2927.80 Cr.
DCB Bank Limited 0.69 7.03 9.83 3927.73 Cr.
AU Small Finance Bank Limited 5.21 33.30 15.66 4991.98 Cr.
Bandhan Bank Limited 3.39 18.62 18.23 12,434.69 Cr.
Ujjivan Small Finance Bank Limited 1.72 14.36 6.87 3025.81 Cr.
Sundaram Finance Limited 2.60 19.70 13.20 4722.53 Cr.
CreditAccess Grameen Limited 3.66 33.07 11.06 170 Cr.