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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 Bank

Issue Period: 20th October 2020 to 22nd October 2020
Price Band
₹ 32 - ₹ 33

Issue Size
₹ 510 Crore to ₹ 518 Crore

Face Value
₹ 10/- Per Share

Market Lot

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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.

Competitive Advantages

  • 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

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How to apply for EQUITAS IPO :

- 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?

Companies issue initial public offers as a medium to raise funds from the market and gain the benefits of listing in the bourses. It is a way to reduce the promoter's share in the company. Through IPO, companies sell partial ownership of their companies to general investors.

What is Equitas Bank IPO?

Equitas Small Finance Bank will make a market debut on October 20. In a fixed price IPO offer, Equitas is launching its shares in the price band of Rs 34-35 apiece. The total IPO size of Rs 517.60 crores will contain both fresh scrips and an offer for sales shares from the promoter.

How to apply in Equitas Bank IPO through Angel One?

Existing customers can apply from their user console. Log in to your account and select Equitas SFB IPO offer to bid.

When will Equitas Bank IPO open?

The subscription will begin on October 20 and close on October 22, 2020.

What is the lot size of the Equitas Bank IPO?

The minimum lot size of the Equitas Small Finance Bank IPO is 450 shares. Investors can bid for a minimum of one and a maximum of 13 lots.

How to apply for Equitas Bank IPO?

You can place your bid online from your Angel One console. Find Equitas Small Finance Bank IPO in the list and click on apply. You will receive a payment request on your UPI handle. Approve payment to place your bid.

When Equitas Bank IPO allotment?

Finalisation of the Basis of Allotment will happen on October 27, 2020, and the shares will get credited to your account on October 29, 2020.

How to pay for Equitas Bank IPO using UPI?

You need to link your bank account to either BHIM or Google Pay. At the final stage of payment, select UPI. You will receive a payment request on your UPI id. Approve payment to complete your bid.

How will I receive the Equitas Bank IPOs?

You will receive the shares directly in your DEMAT account. If you don’t have a DEMAT, open your account with Angel One. It takes under five minutes, Open account today and enjoy brokerage free trading for 30 days.

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