Equitas Small Finance Bank Ltd

October 19, 2020

This is to inform you that Equitas Small Finance Bank Ltd is coming out with a public issue to raise Rs.510– 518 crore from the market.

The issue opens on October 20 and closes on October 22, 2020.

Details of the Equitas Small Finance Bank Ltd IPO

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 Fin 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 which is analyzed by its Risk Management Committee. As on 30th Sep 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 Period : Issue opens on: Tuesday, October 20, 2020
Issue closes on: Thursday, October 22, 2020
Price Band : Rs.32 to Rs.33 per equity share
Bid Lot : 450 shares and in multiples thereof
Issue Size : Rs.510-518 crore
Employee reservation : Equity shares aggregating up to Rs.1 crore
Reservation for EHL Shareholders : Equity shares aggregating up to Rs.51 crore
Issue break-up : QIB - 50 % of the Net offer – Rs. 233 crore
NIB - 15 % of the Net offer - Rs. 70 crore
RET - 35 % of the Net offer - Rs. 163 crore
Listing : NSE & BSE
Registrar : KFin Technologies Private Limited.
UPI : All Retail Applications through brokers are compulsorily in UPI Mode

Watch these 4 videos to know how to apply for the Equitas Small Finance Bank Ltd IPO online easily

Step 1: Create an UPI ID

Create UPI ID

How to Create UPI ID CTA
Step 2: Apply for IPO online using mobile app or website

Step 3: Authorise UPI mandate to block payment

Authorised UPI ID

Authorised UPI ID CTA

Remember these points while applying for IPOs

  • With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
  • You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
  • Currently, UPI works on the following mobile applications:
    Name of App (Supported Platforms) VPA Handle
    BHIM Baroda Pay (only Android) @BARODAMPAY
    BHIM Oriental Pay (Only Android) @obc
    BHIM RBL Pay (Android & iOS) @rbl
    BHIM (android & iOS) @upi
    BHIM ALLBANK UPI (only Android) @allbank
    BHIM Axis Pay (only android) @axisbank
    BHIM IndusPay (only Android) @indus
    BHIM Lotza UPI (only Android) @federal
    BHIM SBIPay (only android) @sbi
    Citi Mobile (android & iOS) @citi & @citigold
    Google Pay (android & iOS) @okhdfcbank | @okaxis | @oksbi | @okicici
    HSBC Simply Pay (android & iOS) @hsbc
    iMobile by ICICI Bank (android users) @icici
    Kotak Mobile Banking App (Android) @kotak
    Phone-Pe (android & iOS) @ybl
    SIB Mirror+ (only Android) @sib
  • To avoid rejection, download the latest version of the app.
  • Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
  • As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
  • The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
  • If you forget the UPI PIN, simply reset it instead of entering a wrong one.
  • If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
  • There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
Published by Team Internal Communications
This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan.
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