Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Woman claims Andrew Tate raped and threatened to kill her

    June 7, 2023

    Learn To Make The Perfect Wine And Food Pairings At Karnas Vineyards

    June 7, 2023

    'Hitler's pencil' sells for more than £5,000

    June 7, 2023
    Facebook Twitter LinkedIn
    Trending
    • Woman claims Andrew Tate raped and threatened to kill her
    • Learn To Make The Perfect Wine And Food Pairings At Karnas Vineyards
    • 'Hitler's pencil' sells for more than £5,000
    • Man armed with four handguns kills two after high school graduation ceremony
    • Homers from Aaron Hicks, Ryan O’Hearn not enough as Orioles fall to Brewers, 4-3, in 10 innings
    • Mets lose, 6-4, despite home runs from Pete Alonso, Francisco Lindor
    • Prince Harry to resume giving evidence in hacking case after blaming tabloids for 'inciting hatred'
    • Yankees look dazed beneath haze vs. Chicago’s Lucas Giolito
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Auto
    • Business
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Other
      • Stories
      • Career
      • Entrepreneurship
      • Property
    • Web Stories
    Business KhabarBusiness Khabar
    Home » IPO: Equitas SFB IPO can get double return, share price is only Rs 33
    Money

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

    ShehnazBy ShehnazOctober 19, 2020No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Equitas SFB IPO: Initial public offering means that IPO has been in the stock market since September. Bumper listings in the stock market of IPOs like Happiest Minds, Root Mobile and Mazagaon Dock have also benefited investors heavily from listing gains. In these, investors got more than double the returns. In this sequence, now you are going to get another good earning option. This week on Tuesday, October 20, another IPO is about to enter the market. On October 20, the IPO of Equitas Small Finance Bank will open to retail investors.

    32-33 rupees price band

    Equitas Small Finance Bank has targeted to raise Rs 280 crore through an IPO. The company has given this information in the regulatory filing. The company has fixed the price band of the IPO at Rs 32-33. 280 crores 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. 7.2 crore shares will be offered for sale.

    Share price may double

    Brokerage house MK Global has advised to invest in the IPO of Equita Small Finance Bank. 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 the equities. Apart from this, the liability profile is reasonable, the management is better, the return ratio is healthy and the best thing is the valuation is reasonable. The price band for the issue is 32 to 33 rupees. The shares are also expected to be listed at a premium on a listing day.

    Mazgaon Dock, UTL AMC IPO: Mazgaon Dock listing at 49% premium, UTI AMC investors disappointed

    A chance to invest money by 22 October

    This IPO will open from October 20, while there will be an opportunity to invest money in it till October 22. 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.

    Lead manager for IPO

    The company has appointed JM Financial, Edelweiss Financial Services and IIFL Securities as lead managers for the IPO of Equitas Small Finance Bank. Equitas Small Finance Bank is the largest small finance bank in the country in terms of a number of bank branches. It is the second-largest small finance bank in the country in terms of assets and bank deposits.

    Mutual Fund: NFO out in the market like IPO, should you bet?

    eqitas key points equitas sfb ipo equitas small finance bank Initial public offering ipo market primary market should you buy equitas small finance bank ipo
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Shehnaz
    • Website
    • Twitter
    • LinkedIn

    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.

    Related Posts

    Dave Ramsey Faces $150M Lawsuit Alleging Promotion of a Failed Company

    June 7, 2023

    The Most Affordable Cities for First-Time Homebuyers

    June 6, 2023

    Dave Ramsey Has Blunt Talk For Homeowners On Avoiding One Mistake

    June 5, 2023
    Top Post

    IHG to Add AirPlay Option to Hotel Rooms

    June 7, 2023

    Merck sues to head off Medicare ‘extortion’ 

    June 7, 2023

    American Airlines Pilot Files Lawsuit Over 'Leftist' Pension Plan

    June 7, 2023

    Microsoft boss meets chancellor over blocked merger with Activision Blizzard

    June 7, 2023
    Don't Miss
    Career

    Indian Army Recruitment: 458 Vacancies for Group C Civilian Posts in ASC Centre, tenth/twelfth cross can apply

    By Nisha ChawlaJune 25, 2022

    Indian Army Recruitment 2022: The Indian Army has revealed a notification for recruitment to the varied…

    Cryptocurrency

    Indian cryptocurrency exchange WazirX crashes, founders confident investors to recover soon

    By Damini SharmaApril 5, 2021

    WazirX, one of India’s largest bitcoin and cryptocurrency exchanges, has crashed.WazirX, one of India’s largest…

    Finance

    China’s Ponzi-like property market is eroding faith in the government

    By Nisha ChawlaSeptember 21, 2022

    The 120km practice journey between the cities of Luoyang and Zhengzhou is a showcase of…

    World

    Explosion in centre of Milan leaves several vehicles on fire

    By Business KhabarMay 11, 2023

    Several autos caught hearth within the centre of Milan after an explosion, in keeping with…

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    In Case You Missed

    'Misleading' Shell adverts banned

    June 7, 2023

    Merck sues to head off Medicare ‘extortion’ 

    June 7, 2023

    Microsoft boss meets chancellor over blocked merger with Activision Blizzard

    June 7, 2023
    Last Minute Read

    Dave Ramsey Faces $150M Lawsuit Alleging Promotion of a Failed Company

    June 7, 2023

    The Most Affordable Cities for First-Time Homebuyers

    June 6, 2023

    Dave Ramsey Has Blunt Talk For Homeowners On Avoiding One Mistake

    June 5, 2023
    Facebook Twitter LinkedIn
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer
    © 2023 Business Khabar. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.