Equitas Small Finance Bank Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹32 - ₹33
- Lot size
- 450 shares
- Issue amount
- ₹517.6 cr
- Total subscription
- 0×
- Opens
- 20 Oct 2020
- Closes
- 22 Oct 2020
- Allotment
- 28 Oct 2020
- Listing
- 2 Nov 2020
Offer at a glance
Issue overview
- Issue size
- —
- Face value
- ₹10 per share
- Minimum investment
- ₹14,400
- Fresh issue
- ₹280 cr
- Offer for sale
- ₹237.6 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,850
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,05,34,01,602
- Shares after issue
- 1,13,82,50,086
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 450 | ₹14,850 |
| sHNI | 14 | 6,300 | ₹2,07,900 |
| bHNI | 68 | 30,600 | ₹10,09,800 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Company information
Company profile
Founded in 1993 and based in Chennai, Equitas Small Finance Bank Ltd (ESFBL) was the largest small finance bank in India by banking outlets and the second largest by assets under management and total deposits in Fiscal 2019. Unlike traditional microfinance companies, it has a well-diversified loan portfolio with reduced reliance on microfinance. The bank primarily focuses on serving financially unserved and underserved customers, offering a broad range of banking products and services. ESFBL provides microfinance loans to promote financial inclusion, along with housing finance, vehicle finance, and MSE finance. It tailors financial products based on customers' income profiles, available security, and business types. Additionally, the bank offers current accounts, salary accounts, savings accounts, deposit accounts, ATM-cum-debit cards, mutual funds, third-party insurance, and FASTag issuance. To ensure responsible lending, ESFBL follows a rigorous credit assessment process under its risk management framework, overseen by the Risk Management Committee. As of September 30, 2019, it had the largest distribution network among small finance banks, with 853 banking outlets and 322 ATMs across 15 states and union territories in India.
Strengths
- Strong Retail Banking Focus: Primarily serves microfinance customers, small businesses, and retail borrowers, creating a diversified customer base.
- Diversified Loan Portfolio: Offers vehicle loans, housing finance, microfinance, and SME loans, reducing dependence on a single lending segment.
- Expanding Digital & Branch Network: Continuous growth in digital banking services and branch presence supports customer acquisition and long-term scalability.
Risk factors
- Asset Quality Risk: Any rise in loan defaults or NPAs can negatively impact profitability and financial performance.
- Dependence on Small Borrowers: Economic stress in lower-income and small business segments may affect repayment capacity.
- Highly Competitive Banking Space: Faces strong competition from banks, NBFCs, and fintech companies, affecting growth and margins.
Promoters
Equitas Holdings Limited
Registrar & documents
Lead manager
Edelweiss Financial Services Limited, IIFL Capital Services Limited, Jm Financial Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu, India
91 44 4299 5000
[email protected]Company website ↗Understanding EQUITASBNK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.