Open an Account Become a Franchise Trade Now BA Connect Client Reactivation
IPO News
Prev Next
As on Oct 23, 2020 12:00 AM Your results on : IPO News    
Equitas Small Finance Bank IPO ends with decent subscription
23-Oct-2020 (12:33)

The initial public offer (IPO) of Equitas Small Finance Bank received bids for 22.57 crore shares as against 11.58 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 1.95 times.

The qualified institutional buyers (QIBs) category was subscribed 3.91 times. The retail individual investors (RIIs) category was subscribed 2.08 times. The non-institutional investors category was subscribed 0.22 times.

The issue opened for bidding on 20 October 2020 and closed on 22 October 2020. The price band for the IPO was set at Rs 32-33 per share.

The IPO consisted of fresh issue of shares amounting to Rs 280 crore and an offer of sale comprised of 7.20 crore shares by the bank's promoter, Equitas Holdings (including anchor portion of 4.23 crore equity shares).

Ahead of the IPO, Equitas Small Finance Bank raised Rs 139.68 crore from anchor investors on 19 October 2020. It has finalised allotment of 4,23,27,271 equity shares to anchor investors at upper price band of Rs 33 per equity share.

The bank proposes to utilize the net proceeds from the offer towards augmenting bank's Tier I capital base to meet bank's future capital requirements such as organic growth and expansion and to comply with the regulatory requirements for enhanced capital base, as may be prescribed in the future.

The listing of the bank is also in line with terms of the RBI in-principle approval, RBI final approval and SFB licensing guidelines, requiring the bank to list its equity shares on the stock exchanges within three years from the date of commencement of business by the bank.

The small finance bank recorded net profit of Rs 57.67 crore and total income of Rs 750.96 crore in the quarter ended on 30 June 2020.

Equitas Small Finance Bank is the largest small finance bank in India in terms of number of banking outlets and the second largest SFB in India in terms of assets under management and total deposits in FY2019. The bank has successfully diversified its loan portfolio and significantly reduced its dependence on microfinance business as compared to other microfinance companies that have converted to SFBs.

The bank offers a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Its strength lies in promoting financial inclusion within these segments.

Equitas Small Finance Bank IPO subscribed 1.95 times
22-Oct-2020 (17:07)
Equitas Small Finance Bank IPO subscribed 67%
21-Oct-2020 (17:16)
Equitas Small Finance Bank IPO subscribed 39%
20-Oct-2020 (17:29)
Likhitha Infra IPO ends with good subscription
08-Oct-2020 (09:39)
Likhitha Infra IPO subscribed 9.51 times
07-Oct-2020 (17:37)
Likhitha Infra IPO subscribed 9.50 times
06-Oct-2020 (17:34)
Likhitha Infra IPO subscribed 9.40 times
05-Oct-2020 (17:38)
Likhitha Infrastructure extends IPO till 7 Oct
05-Oct-2020 (10:42)
Mazagon Dock Shipbuilders IPO ends with bumper subscription
05-Oct-2020 (10:04)
UTI AMC IPO ends with good subscription
05-Oct-2020 (09:51)
Mazagon Dock IPO subscribed 157.41 times
01-Oct-2020 (17:41)
Likhitha Infra IPO subscribed 8.43 times
01-Oct-2020 (17:34)
UTI AMC IPO subscribed over 2 times
01-Oct-2020 (17:29)
Connect with us :   
Globe
About us
Our Services
Milestones
Memberships
Core Values
Investor Relations
Product & Services
Broking
Institutional Broking
PMS
Clearing Services
Distribution
Research
Depository
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Mobile App Demo
ODIN User Manual
Client Reactivation
EKYC
Back Office
Back Office
CMS
CMS-TM
KYC/KDC Status
Mutual Fund
CAMS
RMS Policy
Helpdesk
Download Forms
Useful Links
BSE
NSE
SEBI
RBI
MCX
NCDEX
Exchange Holidays
Exchange guidelines on margin collection
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD
Additional Policy and Procedures
Scores

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to
Investor_trading@globecapital.com /  igr@globecapital.com (For Trading)     globedp@globecapital.com (For DP)    Investor_pms@globecapital.com (For PMS)     
commigr@globecapital.com (For Commodities)
Equity SEBI Registration No INZ000177137, Exchange Registration Nos : NSE TM Code - 06637, Clearing No.- M50302|BSE Clearing No: 3179|MSEI TM Code - 1004 ,Clearing No.- 4| MCX TM No: 8091,Clearing No: 8090 | NCDEX TM No:1287, Clearing No: -M51085|ICEX TM ID-2084 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No :INH100001187 | SEBI PMS Registration No:INP000002361 CMBPID NCL CM :- IN555502
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by CMOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions