Your Reason has been Reported to the admin. We are adequately capitalised as of now and this adds to our capital ratio which supports our growth going forward." The offer opens on October 20 and closes on October 22. This will alert our moderators to take action. Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises. Is it fair to allow a single promotor to lunch multiple IPOs. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies. 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 … The issue is priced at ₹109 to ₹110 per equity share. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Experienced management and strong employee engagement. The bank promoter, Equitas Holdings (EHL), was granted RBI's final approval on June 30, 2016, to establish a small finance bank (SFB). ESFB will issue Rs 280 crore worth of fresh equity in the IPO. 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. so if eps is Rs. Should you subscribe? For reprint rights: Promotor keep minting lunching IPO and retailers keep donating money ! As of June 30, 2015, Equitas had 520 branches across India. The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016. Choose your reason below and click on the Report button. Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). ESFB has the largest network of banking outlets among all SFBs in India. KFintech Private Limited is the registrar for the IPO. Click on this link to get allotment status. The scrip will be listed on 2nd November 2020. 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 holding company will have one year to further reduce its stake to 40%. 15 The Rs 500 crore IPO by Equitas Small Finance Bank (ESFB) will open for subscription on Tuesday. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. CNX Weekly Techno-Derivatives Snapshot (20/06/2016 – 24/06/2016): when can we expect equitas to cross 200 ? 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? equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Equitas Holdings IPO lot size is 135 Shares and the minimum order quantity is 135 Shares. 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). Equitas Small Finance Bank IPO opens today. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank. To this end, the company has introduced facial recognition features for transaction authentication in their mobile banking application. 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. Good to read this. Equitas Small Finance Bank IPO is a main-board IPO of [.] 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. 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. http://www.moneycontrol.com/news/market-outlook/bull-markets-will-climbwallworry-ramesh-damani_6809041.html. rule 1 for cheating .. do not give relevent info .. what is the face value of share??? The bank's Managing Director and CEO P N Vasudevan said, "We will be using the funds raised as growth capital. 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. The minimum order quantity is 450 Shares. 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. I draw your attention to my posting on Friday ... egal eye can u tell me how calculate market price ?? Eagleye, with todays high being 191/- should we expect the 200/- mark is achievable very well before Diwali ? EQUITAS TECHNOLOGIES PRIVATE LIMITED. 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. CNX Weekly Techno-Derivatives Snapshot (13/06/2016 – 17/06/2016): any one can give green signal for EQUITAS Stock to enter today? 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. The issue is priced at ₹109 to ₹110 per equity share. A retail-individual investor can apply for up to 13 lots (1755 shares or ₹193,050). Phone: 044 4299 5000 Equitas Holdings IPO is a main-board IPO of [.] Finance Private Limited’ on June 21, 1993. Email: einward.ris@karvy.com 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. Equitas Small Finance Bank IPO allotment status is now available on KFin Technologies’ website. on the basis of pe n eps plss tell me n thanx in advance, Equitas running because of ujjivan bull run.it seems equita may drop to bellow 160 once more time .ujjivan is better seems to hold, http://www.livemint.com/Money/tNS3o1Vb1qZ6FH7gu08JmO/Small-finance-banks-The-new-market-darlings.html. me too holding 3200 of IPO my current holding loss of PCL will be covered. Equitas Small Finance Bank has launched its IPO The period for subscription began on 20th October and shall end on 22nd October 2020. Inciting hatred against a certain community, 15 ], and the allotted shares will be credited to your demat account by [.]. 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. The public issue subscribed 1.40x in the retail category, 14.93x in the QIB category, and 57.29x in the NII category. Website: https://karisma.kfintech.com/. The IPO opens on Apr 5, 2016, and closes on Apr 7, 2016. Download The Economic Times News App to get Daily Market Updates & Live Business News. The finalization of Basis of Allotment for Equitas Holdings IPO will be done on [. Antiques view on Equitas SFB. 5. Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. It has also sought principle approval from the RBI to permit the dilution of EHL’s shareholding in the bank pursuant to such merger. 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. Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. 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). 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 bank's loan book is concentrated between small business loans, vehicle finance, and microfinance. I remember you mentioning on EQH listing day giving a target of 200/- by Diwali. Equitas Small Finance Bank’s (ESFB) initial public offering (IPO) was subscribed 40 per cent on Tuesday. 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. Wish i could participate in these conferences. A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors. 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. Equitas operates in 11 states, one union territory and the NCT of Delhi. The IPO opens on Oct 20, 2020, and closes on Oct 22, 2020. 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. We can help you save between 60% to 90% brokerage fee & taxes. !! The issue is priced at ₹32 to ₹33 per equity share. Email: corporate@equitas.in Nearly INR40 crore have been earmarked for Equitas Housing Finance Limited (EHFL) and the rest INR104 crore for general corporate purposes. In addition to Management Information Systems (MIS) and Budgeting, she was also involved in Initial Public Offering (IPO) work of Equitas Holdings Limited. 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 Equitas Holdings IPO market lot size is 135 shares. Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale. 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. Equitas offers used commercial vehicle finance to customers. Happy for u as I said earlier sell ur house and buy Ujjivan hold tight for few years to get real benefit. The shares are proposed to be listed on BSE, NSE. The issue also comprises of secondary share sale worth Rs 237 crore. It also distributes products through digital channels and leverages technology to identify the target customer segment. Equitas Holdings is a non banking financial company. It provides micro finance, vehicle finance and housing finance services. Post this offer, Equitas Holdings share in the bank will come down to 82-83 per cent from 95.49 per cent. 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. 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. 1. A majority of its micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record. Days Trial 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. … 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. Check the Equitas Holdings IPO allotment status. Micro and Small Enterprise (MSE) Finance. septaji what to do with PCL can i add this level or wait for some time to improve or exit? The Issue comprises of a Fresh Issue and an Offer for Sale. I had posted my trade on real-time basis. Phone: 1-800-3454001 She has also passed intermediate examination of Institute of Cost and Management Accountants of India. 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. I actual said this when ujjivan on 226, © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. Tomorrow is different. The company has fixed the price band for its over Rs 500 crore initial public offering (IPO) at Rs 32-33 per equity share. The company received approval from SEBI in January 2016 for its Draft Red Herring Prospectus. Company is fifth largest microfinance company in India in terms of gross loan portfolio. Equitas SFB is the subsidiary banking arm of Equitas Holdings which is already listed on the exchanges. The Equitas Holdings IPO listing date is on, EQUITAS: Gets @RBI License To Start Small Finance Bank Operations. You can apply in Equitas Holdings IPO online using either UPI or ASBA as payment method. Equitas Holdings (EHL) Shareholders Reservation in IPO. The Equitas IPO would open on the 5th of April,2016 and close on the 7th of April, 2016. Anna Salai, Chennai 600 002 The current IPO will help reduce the holding company’s stake and will stand at 82% post IPO completion. equity shares of the face value of ₹10 aggregating up to ₹2,175.00 Crores. Diversified product offering and markets with significant cross-selling opportunities. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. The IPO is the first in October after September saw the launch of as many as 8 IPOs. Is it fair ??? ..it got stuck in 173 - 176. 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