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Should we buy Equitas small finance bank IPO?
The brokerage said it has a ‘buy’ rating on the holding company Equitas Holdings Ltd with target price of Rs 64 for its superior asset diversification, reasonable liability profile, better management pedigree, healthy return ratios and reasonable valuations.
Is Equitas small finance bank a good buy?
Valuation remains attractive for strong growth potential and healthy RoA: ‘Equitas Bank is currently trading at 1.6x and 9.6x Sept’23 P/ABV and P/E, respectively.
How good is Equitas bank?
Equitas is good organization for microfinance but not for Housing product, Uper management they only want to secure their job, they didn’t realise about ground level staff and their difficulty, never support any employee, Employee Turn over Ratio is very high.
What is the expected listing price of Equitas small finance bank?
Equitas Small Finance Bank IPO Details:
| Open Date: | Oct 20 2020 |
|---|---|
| Issue Size: | 517 .60 Cr. |
| Lot Size: | 450 Shares |
| Issue Price: | ₹ 32-33 Per Equity Share |
| Listing At: | NSE,BSE |
Is Equitas bank safe Quora?
All are safe. Till date no banks could be able to close down its business and ran with depositors money. In worst case, they may merge with other banks but your investments/deposits are safe.
Is Equitas an NBFC?
Equitas Small Finance Bank Limited formerly Equitas Finance Limited (EFL) commenced operations as a Small Finance Bank (SFB) on 5 September 2016. Prior to commencement of operations as a bank EFL a wholly owned subsidiary of EHL operated as an NBFC. The bank’s lending business is divided into 5 segments viz.
The Grey Market Premium of Equitas Small Finance Bank IPO is ₹1 – ₹2.
Is NiyoX zero balance account?
This is a 2 in 1 Account. The Savings Bank Account is in partnership with Equitas Small Finance Bank and the Zero Commission Mutual Fund platform is powered by Niyo Money. Niyo Equitas Savings Bank account is a “ZERO” balance account i.e., there is no requirement of maintaining a specified monthly balance.
Can I trust Equitas bank?
Equitas Bank is given a stable rating by CRISIL.
What is the price of equequitas small finance bank IPO?
Equitas Small Finance Bank IPO Details IPO Opening Date Oct 20, 2020 IPO Closing Date Oct 22, 2020 Issue Type Book Built Issue IPO Face Value ₹10 per equity share IPO Price ₹32 to ₹33 per equity share
What is the history of Equitas bank?
Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd.
Can EHL shareholders apply for Equitas small finance bank IPO?
Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder’s category of Equitas Small Finance Bank IPO. The company reserved 10\% of the offer for Shareholders (approximate Rs 51 Cr). The EHL shareholders can apply up to Rs 2 lakh in the Shareholders category.
Can I use a 3rd party UPI ID for an investor?
An investor will be identified by the PAN Number and not the Demat Account. When using UPI as a payment method, the primary account holder in the bank and demat should be the same person. Use of 3rd party UPI ID or 3rd party bank account is not allowed.