Equitas Small Finance Bank IPO
Equitas Small Finance Bank IPOs will make a market debut next week. The subscription will remain open for investors from October 20 to October 22, 2020. 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. Equitas SFB shares will launch in the price band of Rs 34-35 per share.
Equitas IPO Detail
Equitas Small Finance BankIssue Period: 20th October 2020 to 22nd October 2020
₹20/- For Intraday, F&O, Currencies & Commodities
EQUITAS IPO Information
Equitas Small Finance Bank is based in Chennai. Incorporated in 1993, ESFBL is the second largest small finance bank in the country in terms of total assets under management and deposit. It was the largest SBF according to CRISIL report 2019, with the highest number of bank outlets and ATMs. Equitas Small Finance Bank has 853 branches and 322 ATMs across 15 states and union territories.
The promoter company of ESFBL is Equitas Holding. From 2007, the firm started to function as an NBFC. It currently offers diversified banking products like microloans, housing loans, vehicle loans, MSE loans, and more. The country's unbanked population is the primary target group of the bank, and it has a strong presence in the rural and urban areas.
- Diversified loan and banking products offering
- Strong financials with Rs 576.71 million PTA (profit after tax) in June quarter
- A customer-centric organisation with a primary focus on the underserved and unserved segment
- Robust retail liability portfolio
- Strong industry presence
Report from our researchers
What Is Angel One's Expert Research Report?
Our internal team of experts coalesces industry insight to prepare a thorough investigative report to give you a detailed understanding of the market. These reports are meticulously prepared to explain to you each and every step the market takes so that you always remain at the top of your investment game.
- If you are already a client of Angel One, apply directly for Equitas Small Finance Bank IPO, click here.
- If you’re a new investor Open DEMAT Account for free with Angel One and build wealth with the best stock choices. Join our 1 million+ family of happy customers.
What is an IPO?
What is Equitas Bank IPO?
How to apply in Equitas Bank IPO through Angel One?
When will Equitas Bank IPO open?
What is the lot size of the Equitas Bank IPO?
How to apply for Equitas Bank IPO?
When Equitas Bank IPO allotment?
How to pay for Equitas Bank IPO using UPI?
How will I receive the Equitas Bank IPOs?
How to apply for EQUITAS IPO
in 5 MIns
on the same day
Why Angel One?
Trading Across Platforms
Get free access to multiple online trading products & track market share prices live. Trade with ease and stay updated with share market news notifications.
Get maximum subscription along with highest leverage with us. This makes sure you make the most of your trading day.
Dedicated Customer Service Team
Get help wherever you are with our centralized help desk & Pan India presence.Stay connected through Live Chat and SMS.