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769, Anna Salai, Chennai - 600 002. Let's see how it will come up. The listing of the bank is also in line with terms of the RBI in-principle approval, RBI final approval and SFB licensing guidelines, requiring the bank to list its equity shares on the stock exchanges within three years from the date of commencement of business by the bank. on your mobile/email at the end of the day. Equitas Bank IPO Dates / Launch Date The opening and the closing date of Equitas Bank IPO is Oct 20, 2020 – Oct 22, 2020. Equitas SFB also offers debit cards, mutual funds, third-party insurance, and issues FASTags. In 2011, it started offering housing loans through Equitas Housing Finance Limited (EHFL) and vehicle finance and MSE finance since 2012. NARNOLIA FINANCIAL ADVISORS LTD (FORMERLY MICROSEC CAPITAL LTD.); REGISTERED OFFICE There you would be able to see the list of all open IPOs. Hence, the investors are requested The deadline for the bank’s listing is September 4. Investors can invest in this IPO with a 3-5 years time frame. Ujjivan Small Finance Bank that got listed last year trades at about 1.6 times book. Grey Market News of Equitas Small Finance Bank Limited: On 2 Nov 2020 GMP : ( – ) 2 For past trend , check page-bottom. Past performance of securities/instruments is not indicative of their future performance. Equitas Small Finance Bank IPO subscription open Date is October 20, 2020 and Closing Date is October 22, 2020.Whereas, You can check Allotment on October 27, 2020. Equitas SFB focuses on individuals with limited access to formal financing channels due to the cash-based or informal nature of their income. Its issue share price is also reasonably priced. Issued in public interest by Narnolia: Prevent unauthorised transactions in your Besides, its promoter Equitas Holdings (EHL) will sell shares worth up to Rs 238 crore to reduce its stake to around 82% from the 95.5% at present. Covering all things personal finance, I strive to make complicated financial concepts snackable and novice-friendly. Phase II, 4th Floor, Spencer Plaza, No. The public issue of Equitas Small Finance Bank IPO was opened on Oct 20, 2020 and closed for subscription on Oct 22, 2020. 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. who are already into trading either in NSE / BSE and send them bulk messages on I believe good content empowers people to unleash their wealth-creation potential, and I am happy if I can contribute to it. Equitas Small Finance Bank IPO - Read Equitas Small Finance Bank IPO Review and Analysis on The Economic Times. This shows the market is not willing to give good value to Equitas SFB. Equitas Small Finance Bank IPO Market Lot:. 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Maximum Amount: ₹1,94,740 Equitas Small Finance Bank IPO Allotment & Listing:. Select Equitas Small Finance Bank IPO and click on ‘Apply’. of … Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. Equitas Holding is a listed entity while RBI has also directed it to list Equitas Small Finance Bank as per the bank licensing agreement. PHONE NO. Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Equitas Small Finance Bank IPO Allotment & Listing:. Home; About Us; Investors × Investors. Equitas Small Finance Bank is one of the largest small finance banks in India with diversified asset portfolio. (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 Investors can invest in this IPO with a 3-5 years time frame. number to create pledge. EQUITAS SMALL FINANCE BANK LIMITED 20-Oct-20 Subscribe (Long Term) Issue Details Issue Details Issue Size (Value in ` crore, Upper Band) Equitas SFB ranked as the largest SFB in India in terms of number of 517.60 Fresh Issue (No. REGISTERED DIRECT INSURANCE BROKER (LIFE & NON-LIFE): LICENSE NO. Growth Story, Advice Based Mutual Post-IPO, the Promoters holding will stand at ~82%. That means massive dilution on cards. NPS POP 27092018; ROC-CIN- U67120WB1997PLC096496| G RAJ & COMPANY CONSULTANTS LTD– Equitas Small Finance Bank's IPO comprises fresh issue of 85 million shares and offer for sale of 72 million shares mainly to meet the RBI’s listing norms. Being one of the largest SFBs in India, many investors are looking forward to the launch date to become a part of its growth story. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Back Office, India The IPO to list on NSE and BSE. Please read the scheme information and other related documents carefully before investing. The shares … Pay 20% upfront margin of the transaction value to trade in cash market dated August 31, 2020 and other guidelines issued from time to time in this regard. MERCHANT BANKING- INM 000010791; PMS- NP000006420, RESEARCH ANALYST- INH 300006500, Equitas Small Finance Bank IPO is opening on 20 Oct 2020, closing date 22 Oct 2020. The deadline for the bank’s listing is September 4. The bank’s microfinance loan portfolio and unsecured business loan portfolio are not supported by any collateral that could help ensure repayment of the loan, and in the event of non-payment by a borrower of one of these loans, it may be unable to collect the unpaid balance. The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Here is all you need to know about the issue. CORRESPONDENCE OFFICE: 101 & 102, Equitas Small Finance Bank made a weak debut at the bourses as shares of the company listed at Rs 31, 6 per cent lower against the issue price of Rs 33 per share on the BSE on Monday. The bank has significant exposure to loans against property. Continuing the momentum of IPO’s being launched in India, Equitas Small Finance Bank is coming out with an IPO on October 20, 2020. NARNOLIA COMMODITIES BROKERS PRIVATE LIMITED–ROC-CIN-U74999WB2011PTC165528| NARNOLIA Accordingly, its future results may not be reflective of our past performance. You would be able to invest in this IPO on October 20, 2020. Our Bank was included in the second schedule to the RBI Act pursuant to a notification dated December 23, 2016 issued by the RBI and published in the Gazette of India dated February 4 – February 10, 2017. Basis of Allotment: 27 October 2020 Refunds: 28 October 2020 Credit to Demat accounts: 29 October 2020 Listing: 02 November 2020 Equitas Small Finance Bank IPO Form Download: From the opening price of Rs 31, the stock was up 6 percent at close. Ltd. The shares of Equitas were listed on stock exchanges NSE and BSE with effect from Nov. 2, 2020. 17, MIDC, MAROL, ANDHERI EAST, MUMBAI – 400093; The issue may list on Nov 2, 2020. Finalisation of Allotment: 27 October 2020 Initiation of Refunds: 28 October 2020. Visit Narnolia to get complete information on Equitas Small Finance Bank Ltd. IPO including listing date, allotment status, analysis and recommendations. Equitas Small Finance Bank aka ESFB IPO will hit the market on 20 October 2020. of pledge in the depository system w.e.f. Home; About Us; Investors × Investors. The company’s listing date is expected to be November 2. ADDRESS: MARBLE ARCH, 2ND FLOOR, OFFICE 201, 236B, A J C BOSE ROAD, KOLKATA- 700020; Equitas Small Finance Bank Ltd. It is generating strong revenue and margin growth in the last 3 years. Narnolia. Shares: Minimum 428 Shares & Maximum 5564 Shares; Minimum Amount: ₹14,980 Equitas Small Finance Bank IPO Allotment & Listing:. After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank. Equitas Small Finance Bank IPO Listing Date and Information: Equitas Small Finance Bank Ltd Listing Date Listing Date: 2 November 2020. Post-IPO, the Promoters holding will stand at ~82%. The shares of Equitas Small Finance Bank (ESFB) ended at ₹32.75 on its first day of listing on the BSE Exchange. The listing of the banking subsidiary has been in compliance with requirements of guidelines of licensing of small finance bank by RBI, Equitas Holdings said in a filing last week. September 1, 2020. 1ST FLOOR, BUILDING NO. It may not be able to realize the expected value of the collateral on loans due to fluctuating real estate prices and/ or enforce the security in a timely manner or at all in the event of default and this may have a material adverse effect on its business, results of operations, financial condition and cash flows. The GMP is going down from 10 to 3 and the subscription numbers also not looks convincing for the investors. Equitas Small Finance Bank Limited proposes to utilize the net proceeds from this issue towards boosting its Tier I capital base to meet its future capital requirements. Narnolia. After closing the Rs 518-crore public issue last week, Equitas Small Finance Bank is expected to finalise the basis of allotment on October 27. Investors may please refer to the Exchange's Frequently Asked Questions NBT do not guarantee any assured returns on any investments. That means massive dilution on cards. Before you invest, ensure that you read through the company’s financials and the Red Herring Prospectus (RHP) carefully. You can get in touch with us at narnoliacare@narnolia.com Copyright © 2018 Narnolia Financial Advisors Limited.|Content Powered by ●●● Accord Equitas Small Finance Bank listed at Rs 31 on BSE, a 6 percent discount to the issue price of Rs 33 per share. We have a continuous requirement of funds and the bank’s inability to access sources of funds in an acceptable and timely manner or any disruption in the access to funds would adversely impact its results of operations, financial condition and cash flows. REGISTRATION NUMBERS (NSE/BSE/MSEI): INZ000166737; IN-DP-380-2018 (NSDL/CDSL); SEBI: on SCORES  | Name, PAN, Address, Mobile Number, Email ID  |  c. The bank filed the draft red herring prospectus with the regulator seeking approval for Rs 280 crores in fresh equity sales and 72,000,000 equities under an offer for sale scheme. & Quant Reports, Investing & Trading Products: As per the GMP came down from 10-15 level to 2-3 it shows the less interest in grey market but still the things will be settle on the last day. The parent also stated that the Equitas Small Finance Bank will be listed on November 02, 2020, after the public offering. VELOX ADVISORY LTD.ROC: CIN- U74999WB2012PLC175826. Equitas Small Finance Bank shares witnessed subdued listing on November 2, opening at a Rs 31, a 6 percent discount compared to its issue price of Rs 33 per share. Listing At: NSE & BSE. Equitas Small Finance Bank IPOs will make a market debut next week. Mutual fund investments are subject to market risks. How to Apply for Equitas Small Finance Bank IPO? The IPO of Equitas Small Finance Bank opens on October 20 and closes on October 22. with us, HOW TO OPEN A DEMAT & ONLINE TRADING ACCOUNT. Equitas Holdings currently trades at about 0.6 times book, owing to the holding company discount. Its issue share price is also reasonably priced. the pretext of providing investment tips and luring them to invest with them in Limited to Equitas Small Finance Bank Limited. Equitas Bank IPO allotment date is Oct 27, 2020. Equitas Small Finance Bank IPO News: Equitas Small Finance Bank Limited will open the initial public offer (IPO) of equity shares of face value of Rs. As per RBI regulations, they have to reduce it to 40% before Sept-2021. Home » Blog » IPO » Equitas Small Finance Bank IPO. The value of the bank’s collateral may decrease or it may experience delays in enforcing collateral when borrowers default on their obligations, which may result in failure to recover the expected value of collateral security exposing it to potential losses. Click on this link to get allotment status. Promoters of Equitas Small Finance Bank IPO, Sovereign Gold Bond (SGB) Investment FAQs, Tax Implications of Buying Sovereign Gold Bonds (SGBs), FAANG Stocks: A Look at their Performance in the Last Decade. Equitas Small Finance Bank IPO Lot Size The Equitas Small Finance Bank IPO market lot size is 450 shares. Equitas Small Finance Bank is a New Age Bank that gives children, youth, families and business people across India a new way to bank. 3. The IPO Shares of Equitas Small Finance Bank Ltd IPO are proposed to list on Monday, November 2, 2020 at BSE, NSE. Equitas Small Finance Bank IPO Time Line. Transfer of Shares to Demat Account: 29 October 2020. of Shares in Lakhs) 848.48 Offer for Sale (No. Our Bank was included in the second schedule to the RBI Act pursuant to a notification dated December 23, 2016 issued by the RBI and published in the Gazette of India dated February 4 – February 10, 2017. Ind AS financial information that it may be required to prepare in the future will not be comparable to the financial information it currently prepares in accordance with the accounting policies of EHL for the limited purpose of consolidation of EHL’s financials. Equitas Small Finance Bank the largest Small Finance Bank (SFB) in India in terms of the number of outlets and the second-largest in terms of total deposits and assets under management. The bank has designed products to suit customers with different profiles. Equitas Small Finance Bank Ltd. Past performance is not indicative of future returns. In comparison, the Sensex ended 0.36 percent (or 143 points) at 39,757. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. The bank filed the draft red herring prospectus with the regulator seeking approval for Rs 280 crores in fresh equity sales and 72,000,000 equities under an offer for sale scheme. 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