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    Money

    Equitas Small Finance Bank’s IPO opens, can subscribe till 22 October

    ShehnazBy ShehnazOctober 20, 2020Updated:October 20, 2020No Comments

    The IPO of Equitas Small Finance Bank (Equitas SFB) has opened for investment from Tuesday. This issue of Rs 518 crore can be subscribed till 22 October (Thursday). Equitas Small Finance Bank (SFB) is the country’s largest small finance bank based on banking outlets, while it is the second-largest SFB in the country based on asset under management and total deposits.

    Equitas Small Finance Bank has fixed the price band of the IPO at Rs 32-33. 280 crore worth of new shares will be issued under this IPO. Apart from this, the allocation of 7.2 crore equity shares of the bank’s holding company Equitas Holding Limited will be done through Offer for Sale. The company will issue a total of 15.2 million shares in the IPO. In this, 8 crore fresh shares will be issued.

    IPO may pick up in next 3 to 6 months, many companies are ready to be listed, SEBI has approved dozens of companies

    Some shares will be reserved for them

    Shares worth Rs 1 crore will be reserved for bank employees and shares of Rs 51 crore for shareholders of Equitas Holdings. After this offer, Equitas Holdings’ stake in the bank will come down from the current level of 95.49 to 82-83 per cent.

    What is the expert saying

    Brokerage house MK Global has advised investing in Equitas Small Finance Bank IPO. He has set a target of Rs 64 for this, which is almost double the issue price. According to the brokerage, Superior Asset Diversification is the strength of Equitas. Apart from this, the liability profile is reasonable, the management is better, the return ratio is healthy and the biggest thing is the value is reasonable. Equitas is well capitalized, which is its strength. The bank has a focus on retail deposits, from which it is benefitting. At the same time, due to the diversified asset book, it is on the path of growth. Asset quality looks a risk, but it can be manageable.

    IPO: Equitas SFB IPO can get double return, share price is only Rs 33

    Equitas IPO Equitas SFB equitas sfb ipo equitas small finance bank Equitas Small Finance Bank Initial Public Issue equitas small finance bank ipo equitas small finance bank ipo date equitas small finance bank ipo opens equitas small finance bank news equitas small finance bank price equitas small finance bank share equitas small finance bank share price equitas small finance bank status equitas small finance bank subscription status ipo equitas small finance bank Share price in Equitas Small Finance Bank IPO you can subscribe till 22 october
    Shehnaz
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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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