Equitas Small Finance Bank (ESFB) is one of the largest small finance banks in India. ESFB is licensed by the RBI under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank.
ESFB Ltd is the largest small finance bank (SFB) in India in terms of the number of banking outlets, and the second-largest SFB in India in terms of total deposits and assets under management.
Banking Products and Services Offered
Loan
Small Business Loans (including
Housing Finance)
• Secured business loans
• LAP (Self-employed and salaried)
• Agri loans
• Housing
Microfinance
• Group Loans to microentrepreneurial women
Vehicle Finance
• Used Commercial Vehicles
• New Commercial Vehicles
• Used Passenger Cars
Micro and Small Enterprise Finance
• Working Capital Loans
• Fund based (cash credit, Overdraft (OD), etc.)
• Non-fund based (Bank Guarantee, Letters of Credit)
Corporates Loans
• Loans to Financial institutions
• Loans to corporates
Others
• Loans against gold
Deposit
Retail Products
• Current Account
• Saving Account
• Salary Account
• Term Deposit
Institutional Products
• Current Account
• Bulk Deposit
• Certificate of Deposit
Financials of the Company
| (in crore) | 31-Mar-18 | 31-Mar-19 | 31-Mar-20 |
| Total Assets | 13301.15 | 15762.69 | 19314.54 |
| Total Revenue | 1772.9 | 2394.83 | 2927.8 |
| Profit After Tax | 31.83 | 210.56 | 243.63 |
Equitas Small Finance Bank IPO Details
| IPO Date | Oct 20, 2020 – Oct 22, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Eq Shares aggregating up to 517.60 Cr |
| Fresh Issue | Eq Shares aggregating up to 280.00 Cr |
| Offer for Sale | 72,000,000 Eq Shares aggregating up to 237.60 Cr |
| Face Value | 10 per equity share |
| IPO Price | 32 -33 per equity share |
| Retail Discount | – |
| Employee Discount | – |
| Market Lot | 450 Shares |
| Min Order Quantity | 450 Shares |
| Listing | BSE, NSE |
Equitas Small Finance Bank IPO Schedule
| Bid Opens On | Oct 20, 2020 |
| Bid Closes On | Oct 22, 2020 |
| Finalisation of Basis of Allotment | Oct 27, 2020 |
| Initiation of Refunds | Oct 28, 2020 |
| Credit of Shares to Demat Acct | Oct 29, 2020 |
| IPO Shares Listing Date | Nov 2, 2020 |
Objects of the Offer
ESFB Ltd proposes to utilize the net proceeds from this issue towards boosting its Tier I capital base to meet its future capital requirements.
