Is Equitas Small Finance Bank IPO good?

NEW DELHI: Shares of Equitas Small Finance Bank made a tepid debut in Mumbai trading on Monday, as the scrip got listed at Rs 31, a 6.06 per cent discount to its issue price of Rs 33. At the issue price, the stock was valued at 1.3 times trailing 12-month price to book value (post IPO basis).

Should I subscribe Equitas IPO?

“We recommend subscribe only for long term.” Equitas Small Finance Bank has a diversified portfolio with advances growing at 34 percent CAGR from FY18-20 to Rs 13,747 crore (Rs 14,389 crore as on June 2020). During the same period, deposits grew at 39 percent CAGR to Rs 10,788 crore (Rs 11,787 crore as on June 2020).

How is IPO of Equitas Small Finance Bank?

Equitas Small Finance Bank shares failed to cheer investors on November 2 as it debuted at a 6 percent discount to its issue price. The stock opened lower by 6.06 percent at Rs 31 on the BSE, while it was down 5.76 percent at Rs 31.10 at open on the National Stock Exchange, against issue price of Rs 33 per share.

Is Equitas IPO allotted?

Note: Registrar of the Equitas Holdings IPO is responsible for IPO allotment and refund processing….Equitas Holdings IPO Details.

Issue Open	Apr 5, 2016
IPO Size	₹2,175.00 Cr
Listing At	BSE, NSE
IPO Lot Size	135

What was CAMS IPO price?

Last year, CAMS had launched its initial public offering (IPO) to raise ₹2242 crore at a price band of ₹1,229-1,230 and the issue was subscribed by 47 times. It was open for subscription from 21-23 September.

Is Equitas Bank good buy?

Equitas Bank: Well placed for long term opportunities ‘The current valuation at 1.6x and 9.6x Sept’23 P/ABV and P/E is undemanding and does not factor in strong growth potential, improving liability franchise and possible transition to a universal bank.

How can I get Equitas Bank IPO?

You can apply in Equitas Small Finance Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When did Equitas go for an IPO?

Oct 20, 2020
Equitas Small Finance Bank IPO Details

IPO Opening Date	Oct 20, 2020
Face Value	₹10 per equity share
IPO Price	₹32 to ₹33 per equity share
Market Lot	450 Shares
Min Order Quantity	450 Shares

Is Equitas Bank legit?

The overall rating of Equitas Small Finance Bank is 4.0, with Job Security being rated at the top and given a rating of 3.9. However, Career growth is rated the lowest at 3.6.