Equitas Small Finance Bank IPO Closed

The subsidiary of Equitas Holdings is launching an IPO.

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Date 20 Oct 2020 – 22 Oct 2020
Price range 32 – 33
Minimum order quantity 450
(D)RHP View

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Equitas SFB is the subsidiary banking arm of Equitas Holdings which is already listed on the exchanges. The IPO size is about 500 crores and includes both an offer for sale component from the promoters as well as a fresh offer from the bank.

The bank's loan book is concentrated between small business loans, vehicle finance, and microfinance. According to the prospectus, Equitas SFB has the second-highest CASA proportion (28.34%) among all small finance banks. The Bank has the third-highest proportion of retail deposits in its total deposits at 58.38%.

How do I apply to the Equitas Small Finance Bank IPO?

You can apply for the Equitas IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Will I get a discount if I hold shares of Equitas Holdings?

No, there isn't a discount for shareholders of Equitas Holdings. However, a portion of the issue is reserved for this category (about 10% of the issue). You might also have a higher chance of getting allotment if the subscription to this category is lower than the general retail category. You will need to hold at least one share of Equitas Holdings as on the RHP filing date (October 11th).