Equitas Small Finance Bank IPO Details, Gmp , Reviews

Equitas Small Finance Bank IPO :- Equitas Small Finance Bank is Incorporated in Chennai in 2007. The bank offers a number of banking products and services to customers like Fixed deposits, Saving and current accounts, Personal loans as well as Microfinance loans to its customer.

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Equitas Small Finance Bank IPO details

Subscription Dates 20 -22 October 2020
Price Band 32-33 per share
Fresh issue INR280 crore
Offer For Sale 72,000,000 shares (INR230.4 – 237.6 crore)
Total IPO size INR510.4 – 517.6 crore
Minimum bid (lot size) 450 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Equitas Bank’s financial performance (in INR crore)

FY2018 FY2019 FY2020 Q1 FY2021
Revenue 1,772.9 2,394.8 2,927.8 751.0
Expenses 1,741.1 2,184.3 2,684.2 693.3
Net income 31.8 210.6 243.6 57.7
Net margin (%) 1.8 8.8 8.3 7.7

Equitas Small Finance Bank Contact Details

Equitas Small Finance Bank Limited
Address:- 4th Floor, Phase II, Spencer Plaza No. 769,
Mount Road, Anna Salai Chennai 600 002,
Tamil Nadu Phone: +91 44 4299 5000
Email    : [email protected]
Website: www.equitasbank.com

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