Equitas Small Finance Bank is a small finance bank that was founded in 2007 by Equitas, as a microfinance lender. In 2016, Equitas began banking as a subsidiary of holding company Equitas Holdings Ltd. And as of 2019, the company was the largest small finance bank taking into account the number of banking outlets, and the second largest taking into account the assets under management and total deposits. With a diversified loan portfolio, it’s main focus is on financially unreserved and undeserved customers, to whom the bank offers a wide range of services.
The banking products and services Equitas Small Finance Bank Ltd offers are as follows:-
Savings account, salary account, current account, deposit accounts (other), ATM/debit cards, third party insurance, mutual fund products and FASTags.
ESFBL also provides microfinance loans that promote financial inclusion, vehicle finance, housing finance, and MSE finance. These financial products are provided with respect to the customer’s income profile, type of security available and the nature of business.
Details of Equitas Small Finance Bank IPO
| IPO Date | Yet to be announced |
| Issue Type | Book Built Issue IPO |
| Issue Size | Yet to be announced |
| Fresh Issue | [.] Equity shares of rupees 10 (aggregating up to 280.00 crores) |
| Offer For Sale | 72,000,000 Equity shares of rupees 10 (aggregating up to [.] Crores) |
| Face Value | Rupees 10 pr equity share |
| IPO Price | [.] to [.] per equity share |
| Market Lot | Yet to be announced |
| Minimum order quantity | Yet to be announced |
| Listing at | BSE, NSE |
DRHP Addendum
As of Sept 25, 2020
Pursuant to the relaxation permitted by the SEBI, Equitas Small Finance Bank Ltd had filed an addendum to its DHRP revising it’s offer size for the proposed IPO of it’s equity shares as follows:-
- Size of the fresh issue was reduced from upto rupees 5,500 million to upto rupees 2,800 million.
- The number of equity shares offered through the sale by the company has been reduced from upto 80,000,000 equity shares upto 72,000,000 equity shares.
- The Employee Reservation Portion for Eligible Employees was reduced from 50 million rupees to upto 10 million rupees.
- The EHL Shareholder Reservation Portion for Eligible EHL Shareholders has been reduced from 1,000 million rupees to upto 510 million rupees.
Points to note here:
- Investors Portion: QIB = not more than 50% of the offer, NII = not less than 15% of the offer; and Retail = not less than 35% of the offer for sale.
- Employee Reservation Portion = 1 crore
- Shareholders Reservation Portion = 51 crores
Contact Information of Equitas Small Finance Bank Ltd
Equitas Small Finance Bank Ltd
4th floor, Phase II, Spencer Plaza, 769 Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu, India.
Phone: +914442995000
Website: Https://www.equitasbank.com
Email: secretarial@equitas.in
Equitas Small Finance Bank IPO Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31&32, Financial District, Serilingampally, Ranfareddi, Telangana, India 500 032
Phone: 1-800-3454001
Website: Https://karisma.kfintech.com
Email: einward.ris@kfintech.com
Equitas Small Finance Bank IPO Lead Managers
- IIFL Holdings Limited
- Edelweiss Financial Services Ltd
- JM Financial Consultants Private Limited
How you can apply for Equitas Small Finance Bank Ltd IPO:-
You can use either UPI or AS A as your payment method. ASBA IPO application is available under net banking of your bank account. UPI IPO application is made available by brokers who don’t offer banking services.
Additionally, you can also apply to IPO online through Upstox, Zerodha, 5Paisa, ICICI Bank, SBI and HDFC Bank.
