Equitas Small Finance Bank IPO: Check IPO Details, Date, Price | Espresso


Equitas Small Finance Bank IPO – Oct 20 to 22

October 16, 2020
Equitas Small Finance Bank IPO – Oct 20 to 22

Equitas Small Finance Bank Limited is coming out with a fresh public issue to raise Rs 510 – 518 crores from the market.

Key details of the issue:

  • Issue opens – Oct 20, 2020
  • Issue closes – Oct 22, 2020
  • Issue size – Rs 510 – 518 crores
  • Price band – Rs 32 – 33

And here are some details of the company and further details on the Equitas Small Finance Bank Limited issue:

Company Details

Equitas Small Finance Bank Ltd. (ESFBL) is the largest small finance bank in India considering banking outlets and the 2nd largest small finance bank considering assets under management and total deposits in Fiscal 2019 (source: CRISIL Report). The Company has been able to successfully diversify their loan portfolio and significantly reduce their dependence on microfinance business as compared to other microfinance companies that have converted to SFBs. The Company offers a wide range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India.

The company provides microfinance loans promoting financial inclusion, housing finance, vehicle finance, and MSE finance. Equitas Small Finance Bank offers financial products according to customers' income profile, type of security available and nature of business. Apart from this, the bank also provides current accounts, salary accounts, savings accounts, other deposit accounts, ATM-cum-debit cards, mutual fund products, third-party insurance and issuance of FASTags.

The Company follows credit assessment procedures through a risk management framework that is analyzed by its Risk Management Committee. As on Sep 30, 2019, it has the largest distribution channel among Small Finance Banks (SFBs) including 853 Banking Outlets and 322 ATMs in India across 15 states and union territories.

Issue Size

Rs 510 – 518 crores

Reservation for Employees

Equity shares aggregating up to Rs 1 crore

Reservation for EHL Shareholders

Equity shares aggregating up to Rs 51 crores

Issue Break-up

QIB – 50% of the offer – Rs 233 crores

NIB – 15% of the offer – Rs 70 crores

RET – 35% of the offer – Rs 163 crores




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