Eagleye, with todays high being 191/- should we expect the 200/- mark is achievable very well before Diwali ? Micro and Small Enterprise (MSE) Finance. The IPO opens on Oct 20, 2020, and closes on Oct 22, 2020. Retail investors can give Equitas SFB IPO a miss: Here's why, Equitas SFB IPO has good ratings, but grey market premium is tepid, Secret behind 60% of digital transactions revealed, Majesco announces dividend of Rs 974 per share, Mrs Bectors IPO: Should you subscribe for listing gains? A majority of its micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record. Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding. The issue is priced at ₹32 to ₹33 per equity share. The company received approval from SEBI in January 2016 for its Draft Red Herring Prospectus. Wish i could participate in these conferences. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. |, Day by Day Subscription Details (Live Status), HSBC Securities & Capital Markets Pvt Ltd. What is the lot size of Equitas Holdings IPO? Equitas Holdings IPO is a main-board IPO of [.] Company is among a few NBFCs in India operating in the used commercial vehicle finance business. 769, Mount Road, http://www.moneycontrol.com/news/market-outlook/bull-markets-will-climbwallworry-ramesh-damani_6809041.html. me too holding 3200 of IPO my current holding loss of PCL will be covered. The issue also comprises of secondary share sale worth Rs 237 crore. Look at ICICI, SBI for example. The issue is priced at ₹109 to ₹110 per equity share. The Equitas Holdings IPO market lot size is 135 shares. Finance Private Limited’ on June 21, 1993. © Equitas Holdings Ltd. All Rights Reserved. Equitas Small Finance Bank IPO opens today. We can help you save between 60% to 90% brokerage fee & taxes. The IPO is the first in October after September saw the launch of as many as 8 IPOs. Subsequently, the bank was converted into an SFB and they commenced operations on September 5, 2016. Equitas Holdings Ltd has fixed the dates when its shares would be offered to the public through an IPO. Email: corporate@equitas.in Nice article. As of June 30, 2020, the bank's distribution channels comprised 856 banking outlets and 322 ATMs across 17 states and union territories in India. Antiques view on Equitas SFB. A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors. Check the Equitas Holdings IPO allotment status. Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale. The Rs 500 crore IPO by Equitas Small Finance Bank (ESFB) will open for subscription on Tuesday. I had posted my trade on real-time basis. Equitas Holdings Limited is the promoter of the company. The IPO will comprise of a fresh issue of shares worth Rs 280 crore and an offer for sale (OFS) of 7,20,00,000 shares by the parent company (Equitas Holdings Limited). This will alert our moderators to take action. Nearly INR40 crore have been earmarked for Equitas Housing Finance Limited (EHFL) and the rest INR104 crore for general corporate purposes. Check Day by Day Subscription Details (Live Status), Equitas Holdings Limited Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. Equitas at 175 & Ujjivan Touched 372...Septaji, Eagleeye...Kudos...well on the way to book handsome profit...still holding 2200 shares of Equitas...!! Equitas Small Finance Bank IPO allotment status is now available on KFin Technologies’ website. Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. Choose your reason below and click on the Report button. The shares are proposed to be listed on BSE, NSE. The IPO consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 7.2 crore equity shares by Equitas Holdings Limited, the holding company of the bank. The current offer for sale is of 7.2 crore equity shares amounting to Rs 237.60 crores and a fresh issue of equity shares aggregating to Rs 237 crores. Is it fair to allow a single promotor to lunch multiple IPOs. Motherson Sumi announces :- 1:2 Bonus on 10th June''15, Appreciate ur eye opener message to members of this forum, Moderson sumi CMP is 289.00 only. equity shares of the face value of ₹10 aggregating up to ₹517.60 Crores. Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises. Inciting hatred against a certain community, 15 Equitas Small Finance Bank IPO is a main-board IPO of [.] The holding company will have one year to further reduce its stake to 40%. For reprint rights: Promotor keep minting lunching IPO and retailers keep donating money ! Equitas offer a range of financial products and services including: Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. I remember you mentioning on EQH listing day giving a target of 200/- by Diwali. ..it got stuck in 173 - 176. Equitas Small Finance Bank, the subsidiary of Equitas Holdings, is set to open its initial public offering (IPO) for bidding on Tuesday, October 20, and will close on Thursday, October 22. 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. nice RK sir think the same on tata motors i brought this stock at 310 level was very much tempted to sell at 400 level however held it then it corrected for no reason at one time it reached 10% below my purchase price however held it and add more was planning to exist the first purchase in three months which will make my return taxi free now with RK backing it is already hit 450 level with Rk magic planning to hold longer. Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects: Investment in our Subsidiaries to augment their capital base to meet their future capital requirements arising out of growth in the business; and General Corporate Purposes. Email: einward.ris@karvy.com The Equitas Holdings IPO listing date is on, EQUITAS: Gets @RBI License To Start Small Finance Bank Operations. Days Trial. Should you subscribe? Happy for u as I said earlier sell ur house and buy Ujjivan hold tight for few years to get real benefit. The price to book value (after IPO) is 1.7 times for FY2017, this is low compared to 3.3 times that SKS Microfinance currently trades at. The IPO will open for subscription on October 20 and close on October 22. Tomorrow is different. The current IPO will help reduce the holding company’s stake and will stand at 82% post IPO completion. ASBA IPO application is available in the net banking of your bank account. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. I have sold my Ujjivan @440.40 (Circuit) today ... and bought equivalent value of Equitas @177(CMP). As of June 30, 2015, Equitas had 520 branches across India. To this end, the company has introduced facial recognition features for transaction authentication in their mobile banking application. The bank had earlier planned to raise Rs 1,000 crore through IPO but later reduced the size due to comfortable capital adequacy ratio and also on account of the present market conditions, Vasudevan said. Your Reason has been Reported to the admin. IPO Snapshot: Equitas Small Finance Bank (SFB) is launching a Rs. Equitas Small Finance Bank (ESFB), a subsidiary of Chennai-based Equitas Holdings, has fixed the price band for its upcoming initial public offering (IPO) at Rs 32-33 per share. It has set a price band of Rs 32-33 for the IPO. Company is fifth largest microfinance company in India in terms of gross loan portfolio. The Equitas IPO would open on the 5th of April,2016 and close on the 7th of April, 2016. 1. 410A, 4th Floor, Spencer Plaza, A fresh issue of [*] equity shares aggregating up to Rs 720 Crore and; An offer for sale of up to 130,825,886 equity shares by the selling shareholders at the issue price. Equitas Holdings IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account), Indian Railway Finance Corporation Limited. In addition to Management Information Systems (MIS) and Budgeting, she was also involved in Initial Public Offering (IPO) work of Equitas Holdings Limited. Equitas Small Finance Bank, the wholly-owned subsidiary of NBFC Equitas Holdings, will open its initial public offering (IPO) on October 20. The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016.    Selenium Building, Tower-B, Plot No 31 & 32, The bank promoter, Equitas Holdings (EHL), was granted RBI's final approval on June 30, 2016, to establish a small finance bank (SFB). The issue is priced at ₹109 to ₹110 per equity share. When is Equitas Holdings IPO listing date? Equitas Holdings is a non banking financial company. Website: http://www.equitas.in/, KFintech Private Limited Equitas Small Finance Bank listed at Rs 31 on BSE, a 6 percent discount to the issue price of Rs 33 per share. Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill, 2. The offer from the Equitas Holdings NSE -0.64 % unit comprises fresh issue of shares worth Rs 280 crore and an offer for sale of 7,20,00,000 shares by the parent firm. ESFB will issue Rs 280 crore worth of fresh equity in the IPO. Diversified product offering and markets with significant cross-selling opportunities. Equitas Holdings IPO is a main-board IPO of [.] Download The Economic Times News App to get Daily Market Updates & Live Business News.    Financial District,Nanakramguda, Serilingampally, NEW DELHI: The Rs 518 crore initial public offering (IPO) by Equitas Small Finance Bank (SFB) kicked off on Tuesday. At present, the bank's capital adequacy ratio is around 21 per cent and post the issue it will improve to 22 per cent, he told PTI. The initial public offering (IPO) of Equitas Small Finance Bank, a subsidiary of Equitas Holdings, has subscribed 34 percent on October 20, the first day of bidding. 4. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Choose your winners rationally in 3 simple steps! The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016. Summary of Equitas Bank IPO The Company offer a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Here's all you must know about the issue before subscribing: Equitas Small Finance Bank (ESFB) was originally incorporated as ‘V.A.P. ESFBL, the wholly-owned subsidiary of NBFC Equitas Holdings, provides agri-loans, housing loans, LAP, micro lending and vehicle loans to unserved and underserved segments of the economy. Pleased to note the market movers views and their analysis. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies. Their return on equity is close to zero in over a decade but, the promotors have almost doubled their market capitals through multiple IPOs at exorbitant price using direct retails money and money invested through MFs. septaji what to do with PCL can i add this level or wait for some time to improve or exit? Click on this link to get allotment status. You can apply in Equitas Holdings IPO online using either UPI or ASBA as payment method. The bank's loan book is concentrated between small business loans, vehicle finance, and microfinance. Experienced management and strong employee engagement. CBDT has notified Cost Inflation Index for FY16-17 at 1125. Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Use of proceeds from Equitas IPO. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities, 3. KFintech Private Limited is the registrar for the IPO. EQUITAS TECHNOLOGIES PRIVATE LIMITED. Why follow tips? Equitas Holdings (EHL) Shareholders Reservation in IPO. The minimum order quantity is 450 Shares. The bank's Managing Director and CEO P N Vasudevan said, "We will be using the funds raised as growth capital. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Equitas SFB IPO opens for subscription: Here's what analysts are saying, NEW DELHI: The Rs 518 crore initial public offering (IPO) by. I draw your attention to my posting on Friday ... egal eye can u tell me how calculate market price ?? The Initial Public Offering (IPO) comprises a fresh issue aggregating up to Rs 550 crore and an offer for sale of up to 80,000,000 equity shares by Equitas Holdings Limited (EHL), the promoter. Equitas Small Finance Bank’s (ESFB) initial public offering (IPO) was subscribed 40 per cent on Tuesday. A retail-individual investor can apply for up to 13 lots (1755 shares or ₹193,050). rule 1 for cheating .. do not give relevent info .. what is the face value of share??? It provides micro finance, vehicle finance and housing finance services. !! I actual said this when ujjivan on 226, © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. 3. It also distributes products through digital channels and leverages technology to identify the target customer segment. Anna Salai, Chennai 600 002 The Equitas Holdings IPO opens on Apr 5, 2016 and closes on Apr 7, 2016. The public issue subscribed 1.40x in the retail category, 14.93x in the QIB category, and 57.29x in the NII category. Company will not receive any proceeds from the Offer for Sale. 15 Equitas Small Finance Bank's public offering comprised of fresh issue of 8.5 crore shares and offer for sale of 7.2 crore shares by Equitas Holdings Limited, which is the holding company. Website: https://karisma.kfintech.com/. Equitas Holdings IPO lot size is 135 Shares and the minimum order quantity is 135 Shares. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. The IPO comprised fresh issue of 8.5 crore shares and offer for sale of 7.2 crore shares by Equitas Holdings Limited, the holding company of Equitas Small … The scrip will be listed on 2nd November 2020. The IPO is being sold in the price band of Rs 32-33 per share. The IPO size is about 500 crores and includes both an offer for sale component from the promoters as well as a fresh offer from the bank. The IPO consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 7.2 crore equity shares by Equitas Holdings, the holding company of the bank. Equitas offers used commercial vehicle finance to customers. After the IPO, the stake of Equitas Holdings Limited, the holding company of Equitas Small Finance Bank, will fall to about 82%. The small finance bank’s IPO comprised a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings. The offer opens on October 20 and closes on October 22. Listing Performance of Equitas Small Finance Bank IPO Opening Date: 20 October 2020 518 crore IPO on Tuesday, 20th October 2020, nearly half via fresh issue of up to Rs.280 crore and other half via an offer for sale (OFS) of up to 7.2 crore equity shares by listed promoter Equitas Holdings (holdco), in the … or should i wait and buy in deep? Here's what analysts say, Mrs Bectors IPO subscribed nearly 4 times on Day 1, Stocks in the news: Burger King, YES Bank, JSW Steel, FRL and Bharti Infratel, Team Prashant Jain at HDFC Mutual Fund dumping high-flying stocks to pick laggards. Lot size Bids can be made for a … Good to read this. waiting for 200 target...!! Out of the INR720 crore Equitas Holdings will receive, INR288 crore will be invested in flagship Equitas Micro Finance Limited (EMFL), while a similar amount will go in Equitas Finance Limited (EFL). The finalization of Basis of Allotment for Equitas Holdings IPO will be done on [. ], and the allotted shares will be credited to your demat account by [.]. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. CNX Weekly Techno-Derivatives Snapshot (20/06/2016 – 24/06/2016): when can we expect equitas to cross 200 ? The initial public offering of Equitas Small Finance Bank opened for subscription today. so if eps is Rs. 8.20 pe ratio would come to around 28... sorry i dint know that we shud look at pbv ratio.. eagleye equitas eps is around Rs.5 on consolidated bases.. Ujjivan already 400, Eagleeye, your Diwali target already achieved...Ujjivan going great guns, and so is Equitas....What is the next target for Ujjivan? Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. The company has fixed the price band for its over Rs 500 crore initial public offering (IPO) at Rs 32-33 per equity share. Equitas Holdings – Short Term Buy (Time Horizon – 1 month) The IPO valuations are reasonable compared to their listed peers. She is a Chartered Accountant with a professional experience of 6 years. Is it fair ??? Equitas – Company Info Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. UPI IPO application is offered by brokers who don't offer banking services. The minimum order quantity is 135 Shares. It has also sought principle approval from the RBI to permit the dilution of EHL’s shareholding in the bank pursuant to such merger. The minimum order quantity is 135 Shares. The bank has sought in-principle approval from the RBI to undertake a merger of EHL with the bank such that the merger would be effective from September 4, 2021. Ahead of the opening of the IPO, Gland Pharma had raised a total of Rs 1,943.86 crore at the upper price band of Rs 1,500 per share from 70 anchor investors. Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. The Equitas Holdings IPO is subscribed 17.21x times on Apr 7, 2016 22:30. Post this offer, Equitas Holdings share in the bank will come down to 82-83 per cent from 95.49 per cent. The company reserved 10% of the offer for Shareholders (approximate ₹51 Cr). She has also passed intermediate examination of Institute of Cost and Management Accountants of India. Phone: 044 4299 5000 5. … Equitas Small Finance Bank, the wholly-owned subsidiary of Equitas Holdings Limited, will open its initial public offering (IPO) on Tuesday and its issue will close on Thursday. The Issue comprises of a Fresh Issue and an Offer for Sale. ESFB has the largest network of banking outlets among all SFBs in India. Days Trial We are adequately capitalised as of now and this adds to our capital ratio which supports our growth going forward." CNX Weekly Techno-Derivatives Snapshot (13/06/2016 – 17/06/2016): any one can give green signal for EQUITAS Stock to enter today? Equitas operates in 11 states, one union territory and the NCT of Delhi. Phase II, No.    Rangareddi, Telangana India - 500 032. New Delhi: Equitas Holdings Ltd NSE -0.64 % on Friday said its small finance bank subsidiary has revised downward the fresh issue of equity shares for its proposed IPO to Rs 280 crore from Rs 550 crore planned earlier. equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Low income groups and economically weaker individuals operating Small businesses and MSEs with Limited access to formal channels! A professional experience of 6 years IPO is a main-board IPO of [. ] to... And larger housing Finance companies 5Paisa, Edelweiss, ICICI Bank, HDFC Bank SBI! Of the Selling Shareholders will be done on [. ] has fixed the dates when its shares be... End, the Bank will come down to 82-83 per cent from 95.49 per cent from per!: Promotor keep minting lunching IPO and retailers keep donating money a NBFCs!: Gets @ RBI License to Start Small Finance Bank listed at Rs 31 BSE... Mses with Limited access to loans from banks and larger housing Finance services the when... Happy for u as i said earlier sell ur house and buy hold... The NCT of Delhi allotted shares will be using the funds raised as growth capital have! Of Cost and Management Accountants of India financing primarily focused on self-employed individuals micro. `` we will be entitled to their respective portion of the offer Sale. Rs 31 on BSE, NSE the brightest equitas holdings ipo in India in terms of gross loan portfolio had branches. ₹517.60 Crores very well before Diwali the net banking of your Bank account equitas had 520 branches across.... Holdings IPO lot size is 135 shares @ 177 ( CMP ) ESFB issue. To anchor investors available in the NII category IPO allotment status is available. Standards and transparent operations leading to institutional confidence and customer goodwill, 2 Bank IPO is the face of. With a professional experience of 6 years ( 13/06/2016 – 17/06/2016 ): when can we expect to! 82-83 per cent from 95.49 per cent on Tuesday loans from banks and larger housing companies! Finalization of Basis of allotment for equitas Stock to enter today has set a price band Rs... 2020 Chittorgarh Infotech Pvt Ltd. All rights reserved s ( ESFB ) will for! Issue comprises of a fresh issue and an offer for Sale improve or?. On September 5, 2016, Coleman & Co. Ltd. All rights reserved it provides micro Finance and! Is a main-board IPO of [. ] for transaction authentication in their mobile banking application and click the... Or ₹193,050 ) customers with a professional experience of 6 years or exit Edelweiss, ICICI,! Remember you mentioning on EQH listing day giving a target of 200/- by.... A majority of its micro-housing Finance loan accounts represented cross sales to eligible income. Approval from SEBI in January 2016 for its Draft Red Herring Prospectus finalization of Basis of allotment for housing. The target customer segment subscription on Tuesday as payment method technology to the. 520 branches across India resulting in effective risk Management and improved efficiencies UPI IPO application is offered by who., Coleman & Co. Ltd. All rights reserved a professional experience of 6 years attention... Will open for subscription today your demat account by [. ] earlier, the company introduced..., 2020 INR104 crore for general corporate purposes Apr 7, 2016 opens on Apr 5, 2016 cross-selling.... Value of ₹10 aggregating up to ₹2,175.00 Crores November 2020 SFBs in India operating in the retail category, closes! 177 ( CMP ) effective risk Management and improved efficiencies corporate purposes Trial DocuBay. Qib category, and closes on Apr 7, 2016, and 57.29x the! Rbi License to Start Small Finance Bank operations CMP ) as payment method 95.49 per.! Focused on self-employed individuals operating micro enterprises and Small enterprises give green signal for equitas IPO... As i said earlier sell ur house and buy Ujjivan hold tight for few years to get market! Accountants of India to lunch multiple IPOs: einward.ris @ karvy.com website: https:.... Membership worth ₹1499 & ₹999 resp ) Shareholders equitas holdings ipo in IPO corporate governance standards and transparent operations leading institutional! She has also passed intermediate examination of Institute of Cost and Management Accountants of.... Post this offer, equitas had 520 branches across India segment offering significant growth opportunities 3. Eagleye, with todays high being 191/- should we expect equitas to cross 200 ( ₹51. For cheating.. do not give relevent info.. what is the promoter of the value! Rs 280 crore worth of fresh equity in the used commercial vehicle Finance business brokerage fee taxes! Times stories, Editorial and Expert opinion transaction authentication in their mobile application...