Equitas Small Finance Bank Ltd Incorporated in 1993, Chennai based Equitas Small Finance Bank Ltd (ESFBL) was the largest small finance bank in India in Fiscal 2019 considering banking outlets and the 2nd largest small finance bank considering assets under management and total deposits. Unlike other microfinance companies, it has a diversified loan portfolio and less dependence on microfinance business. With the main focus on financially unversed and undeserved customers, the bank offers a wide range of banking products and services.
Equitas Small Finance Bank IPO to hit the market today and closes on 22 October 2020. 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. Investors will look at the QIB and HNI numbers and then retail will be on the charge. Let's see how it will come up. Check
Equitas Small Finance Bank IPO GMP day by day.
Latest Update: Equitas Small Finance Bank IPO subscribed -x times, QIB -x, HNI -x and RII 0.84.7x times on day 1.
Equitas Small Finance Bank IPO Subscription Numbers
(Day 1 - Till 5:30)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00x | -x | -x |
| HNI | 0.03x | 0.04x | -x |
| RII | 0.84.7x | 1.28x | -x |
| EMP | 0.59x | 0.59x | -x |
| OTH | 0.14x | 0.22x | -x |
| Total | 0.39x | 0.59x | -x |
Equitas Small Finance Bank IPO Dates & Price Band:
| IPO Open: | 20 October 2020
|
| IPO Close: | 22 October 2020
|
| IPO Size: | Approx ₹517.60 Crore (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹32 - ₹33 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 72,000,000 Shares |
Equitas Small Finance Bank IPO Market Lot:
| Lot Size: | Minimum 450 Shares & Maximum 5850 Shares |
| Minimum Amount: | ₹14,850 |
| Maximum Amount: | ₹1,93,050 |
Equitas Small Finance Bank IPO Allotment & Listing:
| Basis of Allotment: | 27 October 2020
|
| Refunds: | 28 October 2020
|
| Credit to Demat Account: | 29 October 2020
|
| Listing Date: | 02 November 2020 |
