Equitas Small Finance Bank is one of the largest SFB in India in terms of number of banking outlets, it is also the second largest SFB in India in terms of assets under management. As of September 30, 2019, Equitas SFB has 856 Banking Outlets and 322 ATMs across 17 states and union territories in India, as of Fiscal 2019 the bank had a market share of 16% in terms of assets under management.
The bank offers range of financial products and services such as microfinance loans, housing finance, vehicle finance, and MSE finance, along with this the bank also provides services such as current accounts, salary accounts, savings accounts, other deposit accounts, ATM-cum-debit cards, mutual fund products, third party insurance, and issuance of FASTags.
The size of the public issue is expected to be around Rs. 500 - 550 crores, the issue comprises of fresh issuance of equity shares as well as Offer For Sale from promoters.
For more details, you can read the IPO Prospectus filed by the company.
Reservation for Equitas Holdings shareholders
If you are holding shares of Equitas Holdings Ltd. as on the date of RHP filing (11th October, 2020) you will be eligible to apply in the shareholders’ category. If you are an eligible shareholder, you can know the procedure for applying in the shareholder category here.
|Issue Period||20th Oct 2020 - 22nd Oct 2020|
|Price Range||32 - 33|
|Minimum Bid Quantity||450 and in multiples thereof|
|Finalisation of Allotment||27th Oct 2020|
|Initiation of Refunds||28th Oct 2020|
|Credit of Shares||29th Oct 2020|
|Listing||2nd Nov 2020|
|Mandate end date||8th Nov 2020|
How do I apply to the Equitas Small Finance Bank IPO?
You can apply to the Equitas Small Finance Bank IPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.