Equitas Bank IPO

Equitas Small Finance Bank Ltd
Rs 32 to Rs 33
From to

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

Equitas Bank IPO Date and Price Band
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.

Equitas Bank IPO Market Lot and Investment Amount
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 .

Equitas Bank IPO Subscription Status
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.

Equitas Bank IPO Allotment and Listing
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

When Equitas Bank IPO is expected? permalink

Equitas Bank IPO is not publised yet, it may be available in November 2020

What is Equitas Bank IPO? permalink

Equitas Bank initial public offering of 72000000 equity shares of the face value of Rs 10 aggregating up to ₹ ₹ 517.60 Cr. (Aggregating up to ₹ 2,175.00 Cr) Crores. Equitas Bank IPO issue open date is 20th October 2020 and close date is 22nd October 2020 .

When Equitas Bank IPO will open and close? permalink

Equitas Bank IPO issue open date is 20th October 2020 and close date is 22nd October 2020 .

What is the lot size of Equitas Bank IPO? permalink

The lot size for Equitas Bank IPO is 450 shares.

What is the price band of Equitas Bank IPO? permalink

The price band for Equitas Bank is Rs 32 to Rs 33.

What is the minimum investment amount for Equitas Bank IPO? permalink

The minimum investment amount for Equitas Bank IPO is Rs 14400.

What is the Equitas Bank IPO investors portion? permalink

For retail investors (RII) 49.85% is allotted for investment. For NII 21.36% and QIB 28.61% is allotted.

What is the Equitas Bank IPO listing date? permalink

Equitas Bank IPO listing date is 2nd November 2020.

What is Equitas Bank IPO subscription on the first day? permalink

Equitas Bank IPO subscribed 39 % on the first day.

What is Equitas Bank IPO subscription? permalink

Equitas Bank IPO was subscribed only 1.95 times times.

What is Equitas Bank IPO listing date? permalink

Equitas Bank IPO listing date is 2nd November 2020.

What is Equitas Bank IPO listing price? permalink

Equitas Bank IPO listing price is 31.

What is Equitas Bank IPO return? permalink

Equitas Bank IPO listing price is 31 and issue price was Rs 33. Return from Equitas Bank IPO is Rs -2 per equity share which is -6.06% .

What is BSE code for Equitas Bank? permalink

Equitas Bank BSE code is 539844.