Equitas Small Finance Bank Ltd IPO Message Board (Page 13)

Expecting IPO to be priced at Rs 12/-, Share holder Re 1 discount & offer them @ 11. Listing price Rs 24 to 25 (Fair Value). Aaj Kal 100 % profit ke neche maja nahi aata. Happiest, chemcon, route ne investor ki neyat kharab kar di he. Yaar Mazdock me 50% profit lene ke baad bhi logo ko feelings loss ka ho raha hai.

Aapko muh mein dahi sakkar ????????????

Kuch jyada nahi ho gaya....????????????

Equitas small finance bank IPO dates confirmed & it's same as expected.

Issue opens - Oct. 20, 2020
Issue closes - Oct. 22, 2020

Record date for being considered as eligible shareholder - Oct. 11, 2020

Last GMP Heard Around 5.

GMP High 17
GMP Low 2

Yes.. but 25/27 co. shayad he dege..

As from long hearing rate to be 34/35

And as 11th Oct. Cut off ha, so we should consider 9th as Cut Off date.

Jisna bhi 7th Oct & Uska pehla purchase kia woh he

Yes.. but 25/27 co. shayad he dege..

As from long time hearing rate to be around 34/35.

And as 11th Oct. Cut off ha, so we should consider 9th as Cut Off date.

Jisna bhi 7th Oct ya uska pehla purchase kia honge, woh he Eligible for Share Holder Quota.. :-)

According to DRAW & RHP EHL have alloted more than 4,74,00,000 share about 4.51 % stake at a price of 52.48 rs. To IIFL .. Than how could EHL will offer lower rate about 35 or less...

Any idea..?

may be you are right.. But normaly it doesn't happen..

Soon after ujjivan sfb listing , equitas was in very good position to launch ipo at 53/55 , market too was bulish then ...but extremely greedy equitas promotar eager to offer at more higher and waited long time and face ban on extension of new branch too ....sebi extended 3 times ipo deadline till October 31...finaly offering at 34/35 seems

EQUITAS SFBL
PREMIUM 3/4

Fair price value under 30

Priceband tomorrow announcement, if pb below 28 I think attractive

Fair price not more than 25 rs. The fake grey market premium will go to discount after closing of issue. Just ignore and instead buy ujjivan small finance from secondary market instead.ujjjvan is better than equitas

Right and all the financial companies are traded 50% discounts then why we applied here !!!

Grey mei sale kardo and applied bindas if any rates.

Why USFB not moving any idea? When can expect the listing day price again? i.e. 60

Dear Members,

Please enlighten on below :
reservation of equity shares to the existing shareholders. Does this apply to all shareholders of equitas or only shareholder holding shares upto Rs 2 lacs.

Applicable to all shareholders as on cut-off date 11th Oct.
i.e those who bought till 7th Oct. are eligible.
Only 1 share in demat a/c is enough to be eligible as shareholder.Not necessary up to 2 lac.

But why you want to apply ?? this going to list in discount for sure.

Lagta hai sub log ye IPO bharne k liye ready hai !!! Haha Losers

I am very much disappointed with allottment of Angel broking and UTI AMC IPOs. Slowly I am losing interest in IPOs. What ever allottment I am getting , listing is poor and whatever is getting listed strong I do not get allottment.

Angel ka to pata nahi, par uti ke liye mat ro, ye lambi race ka ghoda hai

Make 20 Demat accounts with help of relatives.
What do u think how come people like me got allotment in every IPO?

I hardly find IPO where I don't get allotment.

Also, ignore those IPO which are below 10% GMP. Most of the time those are listed negative.

Market wil give discount over issue price after listing

Total no. Of share holder on record date

If any one have information

when i had checked on 27th Sept SH count was 3,07,453 and today its showing more,
so count 309654 must be latest.

@ deep d
How did you check on 27th Sep. ?

...
EquitasSFB IPO – Schedule *(Page 368 of the RHP)*

15th Oct – Announcement of Price Band
19th Oct – Anchor Investors Allotment
20th Oct – Offer Opens
22th Oct – Offer Closes
27th Oct – Finalisation of Basis of Allotment
28th Oct – Unblocking of ASBA Accounts
29th Oct – Credit of Equity Shares to Depository Accounts
02nd Nov – Commencement of Trading


EquitasSFB IPO – Issue Information

Issue Opens on: 20 Octember 2020
Issue Closes on: 22 Octember 2020
Issue Type: Book Built Issue IPO
Issue Size: 15,20,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.34 – Rs.35 per Share *(Tentative)*
Discount: NIL
Market Lot: 428 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 1,05,34,01,602 Shares
Fresh Issue of Shares 8,00,00,000 @35/- = Rs. 280.00Crs
Offer for Sale of 7,20,00,000 Shares @35/- = Rs.252.00Crs
Equity Shares outstanding after the Issue = 1,13,34,01,602 Shares

Category-wise Break up:
Anchor – 4,11,42,857 Shares = 144.00Crs
QIB – 2,74,28,572 Shares = 96.00Crs
NII – 2,05,71,429 Shares = 72.00Crs
RII – 4,80,00,000 Shares = 168.00Crs (Lot size: 428 = 1,12,150 Forms)
EHL SH Quota – 1,45,71,428 Shares = 51.00Crs
Empl. Quota – 2,85,714 Shares = 1.00Crs
Total Issue – 15,20,00,000 Shares = 532.00Crs.

Subscription required for 1X
RII = 1,12,150 Forms
NII = 72.00 Crs


EquitasSFB IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) RHP = Red Herring Prospectus dated October 11, 2020 (411 pages)

EPS for FY17-18 >>> Rs.0.32 (Page #88 of RHP)
EPS for FY18-19 >>> Rs.2.09 (Page #88 of RHP)
EPS for FY19-20 >>> Rs.2.39 (Page #88 of RHP)
EPS for Q120-21 >>> Rs.0.55 (Page #88 of RHP)

RoNW for FY17-18 >>> 1.57% (Page #89 of RHP)
RoNW for FY18-19 >>> 9.40% (Page #89 of RHP)
RoNW for FY19-20 >>> 8.92% (Page #89 of RHP)
RoNW for Q120-21 >>> 2.07% (Page #89 of RHP)

NAV as on June 30, 2020 was Rs.26.47 (Page #89 of RHP)

Listed Industry Peer Group (Page #90 of RHP):
AU Small Finance Bank
Ujjivan Small Finance Bank
DCB Bank
City Union Bank
Bandhan Bank
Shriram City Union Finance
Shriram Transport Finance
Cholamandalam Investment & Finance
Mahindra & Mahindra Financial Services
Sundaram Finance
CreditAccess Grameen
Spandana Sphoorty Financial


EquitasSFB IPO – *Market’s Current Estimates of oversubscription*:

NII = 7.50K Crs. = ~104.17X
RII = 8L Forms = 7.13X Applic. wise (Avg allotment of ~60.00 shares per lot)

Interest cost *@7.00%p.a.* for 7days = 4.70paise for 1X

Thus, for NII the costing = 104.17 X 4.70paise = Rs.4.89 per share (= GMP)

And, for RII the costing = 60.00 X 4.89 = Rs.294/- (= Kostak)


EquitasSFB IPO – *GMP Estimated*
GMP 4.75 +/- 0.50
Kostak 275 +/- 25

Tysm...

As per RHP page no 370, eligible shareholders will get allotment on Proportionate basis.

So, chances of getting allotment in Shareholders quota will be higher for 13 lot application compared to the 1 lot application.

above is true only when SH applied applications are less than available applications, but when app wise it is oversubscribed in SH category then read below from RHP

In the event the number of Eligible EHLShareholders who have submitted valid Bids in the Offer is more than Maximum EHLShareholders Allottees, the EligibleEHLShareholders (in that category) who will then be Allotted minimum Bid Lot shall be determined on the basis of draw of lots

*Proportionate basis, subject to minimum 1 lot will be allotted to the eligible SH of EQUITAS as on record date of 11.10.2020.

Offering any discount for EHL share holders?Like in USFB?

if any discount it will be announced 2 days before of offer open date.

Ty

Premium update

Price is 25 than it's good otherwise huge discounts we see

EquitasSFB IPO – *Market’s Current Estimates of oversubscription*:

NII = 7.50K Crs. = ~104.17X
RII = 8L Forms = 7.13X Applic. wise (Avg allotment of ~60.00 shares per lot)

Interest cost *@7.00%p.a.* for 7days = 4.70paise for 1X

Thus, for NII the costing = 104.17 X 4.70paise = Rs.4.89 per share (= GMP)

And, for RII the costing = 60.00 X 4.89 = Rs.294/- (= Kostak)


EquitasSFB IPO – *GMP Estimated*
GMP 4.75 +/- 0.50
Kostak 275 +/- 25

Listing gain 13-15 pakka

Thank You @Eagleye Madam

There are around 34045 lots available under shareholders quota and there are 3,09,654 shareholders as on record date.

If all shareholder apply minimum 1 lots under their cota then it would be 9 times oversubscribe , but it may goes over 15 time oversubscribe under shareholders category ...