Equitas Bank IPO
About Company Equitas Small Finance Bank Ltd permalink
Equitas Small Finance Bank Ltd was established in 1993 . Currently, it is having head office in Tamil Nadu. Equitas Bank works in the sector of Company works in banking sector. . Equitas Bank has experience of 27 yrs. .
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. As per company's statistical progressive data, strong possibility to stand in market.
Company's yearly revenue is ₹ 29,277.95 (₹ in Million) 31-Mar-20. Company's yearly profit is ₹2,436.35 (₹ in Million) 31-Mar-20. Equitas Holdings Limited is the promoter of the company.
- Email : Email: secretarial@equitas.in
- Website : https://www.equitasbank.com/
- Phone : +91 44 4299 5000
Equitas Bank IPO Details permalink
Equitas Bank IPO issue open date is 20th October 2020 and close date is 22nd October 2020 . The face value for Equitas Small Finance Bank Ltd IPO is Rs 10 per equity share. The total IPO size is approx Rs ₹ 517.60 Cr. (Aggregating up to ₹ 2,175.00 Cr) crore.
The price band for Equitas Bank is Rs 32 to Rs 33. The lot size for Equitas Bank IPO is a minimum of 450 shares to maximum 5850 shares. This IPO will be listed on BSE and NSE. Equitas Bank IPO total equity is 72000000 shares.
Equitas Bank IPO Date and Price Band permalink
| IPO Open: | 20th October 2020 |
| IPO Close: | 22nd October 2020 |
| Price Band: | Rs 32 to Rs 33 |
| Face Value: | Rs 10 per equity share |
| IPO Size: | Rs ₹ 517.60 Cr. (Aggregating up to ₹ 2,175.00 Cr) crore |
| Listing on: | BSE and NSE |
| Retail Portion: | 49.85% |
| Equity (Issue Size): | 72000000 Shares |
Equitas Bank IPO Market Lot and Investment Amount permalink
To invest in Equitas Small Finance Bank Ltd's initial public offering starting from 20th October 2020 you need to invest minimum Rs 14400, however you can also invest up to Rs 193050, considering the upper price of IPO Rs 33 and maximum allottable shares (5850 shares). To apply for the maximum number of share you need to bid for 13 lots, one lot is having 450 shares.
| Minimum Lot Size: | 450 shares (1 Lot) |
| Maximum Lot Size: | 5850 shares (13 lots) |
| Minimum Investment: | Rs 14400 |
| Maximum Investment: | Rs 187200 |
Equitas Bank IPO Subscription Status permalink
Equitas Bank IPO was subscribed only 1.95 times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 39826335 shares and received bids for 594607196 shares which is 14.93 times of total meant for QIB category.
Equitas Small Finance Bank Ltd's IPO was subscribed 39% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 29734640 and bid for 1703497525 shares received . Bid from NII for Equitas Small Finance Bank Ltd's IPO is 57.29 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 69380826 and bid for 97133156 shares received . Bid from RII for Equitas Bank's IPO is 1.4 times of total meant for RII category.
The total number of shares offered were 139191802 and bid for 2395490912 shares received .
| Qualified Institutional Buyers (QIBs) | |
|---|---|
| Shares Allotted: | 39826335 shares |
| Shares Bid Received: | 594607196 shares |
| Over Subscription in QIB: | 14.93 times |
| Non Institutional Investors (NIIs) | |
| Shares Allotted: | 29734640 shares |
| Shares Bid Received: | 1703497525 shares |
| Over Subscription in NII: | 57.29 times |
| Retail Individual Investors (RIIs) | |
| Shares Allotted: | 69380826 shares |
| Shares Bid Received: | 97133156 shares |
| Over Subscription in RII: | 1.4 times |
| Total | |
| Total Shares Allotted: | 139191802 shares |
| Total Shares Bid Received: | 2395490912 shares |
| Over Subscription Total: | 1.95 times times |
Equitas Bank IPO Allotment and Listing permalink
Equitas Bank IPO got listed on . Equitas Bank IPO listed with -6.06% Loss on NSE (EQUITAS) at Rs 31 and BSE (539844) at Rs 31. The allotment ratio for the Equitas Bank IPO remains at 182.
| Listing Date: | |
| Issue Price: | Rs 33 |
| BSE Listing Price: | Rs 31 |
| NSE Listing Price: | Rs 31 |
| Return (In Rupees): | Rs -2 |
| Return (In Percentage): | -6.06% |
| Sector : | Banking sector |
| BSE Group : | B |
| BSE Code: | 539844 |
| NSE Code: | EQUITAS |
| ISIN : | INE988K01017 |
Equitas Bank IPO FAQ permalink
Frequently Asked Questions related to the Equitas Bank IPO
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539844.