Equitas IPO was bought over 15 times in the institutional (or big money) category; 57 times in the high networth individual (HNI, or super rich) segment; and 1.3 times in the retail (or small investor) segment. Australian retirement fund Mine Superannuation Fund bought shares worth Rs 5.01 crore. "Being the first small finance bank licence holder to list, Equitas created a lot of excitement among all categories of investors," adds Saraf. Support quality journalism and subscribe to Business Standard. Digital Editor. The Equitas Bank IPO Grey Market Premium price is 8-10, the Kostak rate is Rs X and the Subject to Sauda is 2000. Investment bankers said the IPO pipeline in the near term was strong. Last Updated at April 21, 2016 22:53 IST. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. It will get three years to pare its stake to 75% or below as per the Securities and Exchange Board of India’s minimum public shareholding guidelines for listed companies. Equitas Holdings IPO Reviews: Equitas Holdings Limited IPO review by Dilip Davda; Equitas Holdings IPO … Issue Type: Book Built Issue IPO PUBLIC OFFER OF UP TO 15 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (“EQUITY SHARES”) OF EQUITAS SMALL FINANCE BANK … Equitas Holdings has Sequoia Capital as investors who I think they can manage to get a premium listing … It will use the fresh net proceeds from the IPO to augment its Tier-1 capital base to meet its future capital requirements for expansion and meeting regulatory requirements. Ujjivan SFB went public last year with a strong investor turnout and bumper listing. After two hiatuses, the initial public offer (IPO) of Equitas Small Finance Bank is set to open on Tuesday, October 20 with a price band of Rs 32-33 per share. The company's Rs 2,170-crore IPO saw over 16 times more demand than the shares on offer, despite no participation by FIIs (Foreign Institutional Investors) due to lack of legroom.document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); "FIIs that were not able to invest in the IPO have come in through the secondary market. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". The shares are expected to list … Post the IPO, the stake of Equitas Holdings Limited will decline to about 82 per cent from 95.49 per cent earlier. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. The IPO comprised a fresh issue of 280 crore and an offer for sale of 7,20,00,000 shares by the parent company Equitas Holdings. Equitas Holdings IPO opens on 5 April in what is India’s first IPO of small finance bank. An offer for sale of up to 130,825,886 equity shares by the selling shareholders at the issue price. The initial public offer (IPO) of Equitas … Equitas Small Finance Bank (ESFB) will try to takeover either a non-banking finance company (NBFC) or a housing finance company (HFC) to bring down promoter Equitas Holdings … 2. Microfinance lender Equitas is India's first small finance bank licence holder to make a stock market debut. AU Small Finance Bank floated its IPO in 2017. This shows the market is not willing to give good value to Equitas SFB. Now, they are coming up with an IPO at Rs.33 per share. Equitas Small Finance Bank Ltd IPO Review (ESFB IPO), Dates, Price Bands, Market Lot, Equitas Bank IPO Grey Market Price, Listing Date & Time Details. It operates in verticals like SME (small and medium enterprise) lending, vehicle financing, and affordable housing, where banks don't have too much presence," said Ajay Saraf, executive director, ICICI Securities. However, institutional investors and high-net-worth individuals (HNIs) remained on the sidelines. Chennai-based Equitas Holdings is a diversified financial services provider focused on … The IPO comprises a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings Ltd. Equitas Holdings IPO. Ltd. 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Anchor investors, also known as cornerstone investors, are institutions that accept a one-month lock-in for a sizeable allocation of shares. "Last year, the Indian equity capital market saw over 20 listings, and we expect more companies to come to the market this year," said Bajaj. The initial public offering of Equitas Small Finance Bank, a unit of Equitas Holdings Ltd, crossed the one-third mark on the first day of the issue on Tuesday led by retail investors and company employees. Property of Mosaic Media Ventures Pvt. HDFC Life Insurance Co and SBI Life Insurance Co were the Indian insurers that participated in the anchor allotment. TT International, a long-term investment fund, put in Rs 7.5 crore through its Asia Pacific Equity Fund. Team Business Standard, Mrs Bectors Food Specialities' IPO subscribed 11.4 times on Day 2, Burger King India vs McDonald's: A new appetite for stock markets, Mrs Bectors Food IPO subscribed 3.72 times on first day of bidding, Mrs Bectors Food IPO off to flying start; subscribed 3.72 times on Day 1, It's a green 2020 for IPOs: All 14 listings are trading above issue price, IPO fundraising more than doubles to Rs 45,000 crore in 2020: KIB, Mrs Bectors Food IPO opens today. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Enjoy Reading! CHENNAI: Equitas Holdings, the holding company of Equitas Small Finance Bank, said it was confident of listing the small finance bank in the stock exchanges by March 2020, according to a note from the company in the quarterly results press statement. Mumbai  Minimum investment in this IPO is ₹14,850 … As per the Reserve Bank of India’s bank licensing conditions, Equitas Holdings is also required to pare its stake in the small finance bank from 100% to 40% by September 2021. Equitas has a diversified business model and a strong management. Six Indian MFs acquired Equitas SFB’s shares through a total of 27 schemes. RBI had mandated as part of a licence to Equitas to run a small finance bank that it should list … Kindly visit the Manage my subscription page to discover the benefits of this programme. The offer will result in roughly 13.78% stake dilution on a post-issue basis. The IPO is the first in October after September saw the launch of as many as 8 IPOs. "The IPO market will remain strong in the current year," added Saraf. The IPOs of Ujjivan Financial Services (another licence holder of small finance bank) and diagnostic chain Thyrocare Technologies are hitting the market next week. equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Also read: Equitas Small Finance Bank Shares Close 0.6% Below IPO Price … Equitas SFB will join Ujjivan SFB and PE-backed AU Small Finance Bank Ltd in going public. Over Rs 2,300 crore worth of shares changed hands on the NSE and the BSE (formerly Bombay Stock Exchange). The bank trimmed the issue size after the Securities and Exchange Board of India in April allowed companies to tweak their IPO size by up to 50% in the wake of the Covid-19 pandemic. The listing of the banking subsidiary has been in compliance with requirements of guidelines of licensing of small finance bank by RBI, Equitas Holdings said in a filing last week. Equitas Holdings’ stake will dilute to about 82% after the issue from 95.49%. Equitas's good debut follows robust demand for its shares during its IPO (Initial Public Offering of shares) earlier this month. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Ahead of the IPO, the lender raised Rs 139.68 crore ($19.05 million at current exchange rates) from a bunch of anchor investors on Monday. 32 to 33 per share. Shares of Equitas SFB began trading on the BSE at Rs 31 apiece compared with the initial public offering (IPO) price of Rs 33. Equitas SFB is seeking a valuation of Rs 3,756 crore ($512 million at current exchange rates) via the IPO, which closes on Thursday. Shares of Equitas Holdings surged as much as 34 per cent during their first day of trade on Thursday. Besides, its promoter Equitas Holdings (EHL) will sell shares worth up to Rs 238 crore to reduce its stake to around 82% from the 95.5% at present. The … The issue that opens today (October 20) is … equity shares of the face value of ₹10 aggregating up to ₹517.60 Crores. 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. At the upper price limit, the … Post-IPO… Their participation highlights investors’ confidence in an IPO and sets a benchmark for the investor community at large. Equitas Holdings had listed its shares in April 2016, followed by Ujjivan SFB parent Ujjivan Financial Services Ltd. JM Financial, Edelweiss Financial Services and IIFL Securities are the merchant bankers that are part of the syndicate arranging the share sale of Equitas SFB. The stock touched a high of Rs 147 and a low of Rs 134 on the NSE (National Stock Exchange). 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Listing of the banking subsidiary though the IPO would have an unfavourable impact on the existing shareholders of the already listed holding company---Equitas Holdings. The total IPO size is now pegged at Rs 517.60 crore at the upper end of the price band. "After the IPO, the FII shareholding has fallen to 35 per cent and that has created some legroom for foreign investors," said Sanjay Bajaj, head, equity capital markets, HSBC Securities. The IPO of Equitas Small Finance Bank opens on October 20 and closes on October 22. The listing price was at a 6% discount to the issue price. IIFL’s Special Opportunities Fund (Series 4), which makes public market or pre-IPO bets, bought shares worth Rs 12.5 crore. Institutional investors didn’t bid for a single share. Equitas Holdings IPO is a main-board IPO of [.] We, however, have a request. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Microfinance lender Equitas is India's first small finance bank licence holder to make a stock market debut. Units of Equitas Small Finance Bank were offered to investors at Rs 33 per share during the bidding phase of the IPO. Equitas Holdings Limited (EHL) Summing Up. Chennai-based Equitas Small Finance Bank had filed a draft prospectus to float its IPO in December last year and received SEBI clearance in early March. Equitas Small Finance Bank Limited – Company Overview Their focus customer … It allotted about 42.32 million shares at the upper end of the Rs 32-33 price band to a dozen institutional investors mainly comprising domestic mutual funds and insurers, a stock-exchange filing showed. Topics The shares opened at Rs 31, lower by 6.06 per cent on the BSE and at Rs 31.10, lower by … The issue is priced at ₹32 to ₹33 per equity share. The IPO comprises a fresh issue of shares worth Rs 280 crore and an offer for sale of 72 million shares by parent Equitas Holdings Ltd. 52 per share. Non-institutional investors’ category, comprising corporate bodies and wealthy investors, was covered nearly 3%. Shares of the company ended at Rs 136, up 23 per cent over its issue price of Rs 110 per share. The bank trimmed the issue size after the Securities and Exchange Board of India in April allowed companies to tweak their IPO … Your support through more subscriptions can help us practise the journalism to which we are committed. At the IPO price of Rs 110, Equitas was valued at 1.7 times its estimated FY17 book, lower than peers such as SKS Microfinance and Cholamandalam Investment, which trade at 3.8 and 3.3 times, respectively. Investment bankers said Equitas's good listing would help improve sentiment towards the primary market. The IPO valuations are reasonable compared to their listed peers. The RBI had warned the lender that it might impose more restrictions if it failed to make “satisfactory progress” towards listing its shares. Shares of the company ended at Rs 136, up 23 per cent over its issue price … IPO Snapshot: Equitas Small Finance Bank (SFB) is launching a Rs. Shares of Equitas Holdings surged as much as 34 per cent during their first day of trade on Thursday. 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 price band of Rs. Find the latest performance data chart, historical data and news for Franklin Minnesota Insured Tax-Free Income Fund Class C (FMNIX) at Nasdaq.com. The IPO will see Equitas and its investors sell shares worth a little over ₹ 2,200 crore, said the first person mentioned above. Equitas Small Finance Bank initial public offer (IPO) made a listless listing on the bourses. Equitas Holdings Ltd. – IPO/FPO Note 4 April 2016 Subscribe at cutoff *at higher price band Issue Background The Initial Public Offer comprises of Offer for sale of ~132.4 mn equity shares (including a **** Equitas Small Finance Bank IPO Details **** IPO Date: 20 OCT 2020 – 22 OCT 2020 IPO Price: Rs 34 – 35 per equity share Issue Size: 15,20,00,000 Shares (Rs 532 crore) Face Value: Rs 10 per … Equitas Small Finance Bank has posted strong growth in revenues over the last three … Copyright © 2020 VCCircle.com. Equitas Small Finance Bank, a unit of Equitas Holdings Ltd, made a weak debut on the stock exchanges on Monday with its shares listing at a 6% discount before losing more ground in early trade. The IPO page of Equitas Holdings Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price … 2.Equitas Small Finance bank has raised money in the Pre-IPO round at Rs. These asset managers are ICICI Prudential MF, Sundaram MF, Nippon Life India, Franklin India MF, Mirae Asset and Invesco MF. Equitas Small Finance Bank IPO is a main-board IPO of [.] Equitas SFB is the largest small finance bank by banking outlets, and second-largest by assets and deposits. We believe in free, fair and credible journalism. The IPO is being sold in the price band of 32-33 per share … Promoters of Equitas Small Finance Bank IPO. The issue is priced at ₹109 to ₹110 per equity share. An IPO and a stock-market listing is imperative to the bank’s operations. Equitas Holdings, Samie Modak  |  Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Equitas Small Finance Bank may launch IPO on October 20, to raise Rs 532 crore. The offering of 115.85 million shares, excluding the anchor allotment, was covered 39.19% after receiving bids for 45.4 million shares, stock-exchange data showed. What is the minimum and maximum investment in Equitas small finance bank IPO? Equitas Small Finance Bank, the subsidiary of Equitas Holdings, has fixed the price band for its forthcoming initial public offering (IPO) at Rs 32-33 per share. 3. In September last year, the RBI had barred the bank from opening new branches for missing its listing deadline, a key licensing condition. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. This is mainly on … Price of the Equitas small finance bank IPO is ₹32 to ₹33 per equity share. The portion of shares reserved for retail investors was covered nearly 85% while that for employees was subscribed 59%. 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