Equitas Holdings Limited IPO Message Board (Page 65)

Well RKS Sir,

The current Price / Book Value of SKS Microfinance = 6.40
So why cannot Equitas''s P/B = 3 (half of SKS)

Few things to note:
The NAV per share of Equitas as on 31 March''16 = 49.49
The NAV per share of Equitas (post IPO) = 61.32

Thus, NAV of 61.32 X P/B of 3 = Target price of 184 (not considering the accrued PAT for the period April''16 onwards)

Also, keep in mind that the 1st Bank Branch of Equitas is planned to be inaugurated in October''16.

Dont get senti dear. Was pulling ur leg.

U r doing a wonderful job. Keep up the good work.

I do not have got message nor mail regarding confirmation of my application number....do all of u have got?

Okay so I should not worry abt it na?

i received at 11 pm from nse today.

thyrocare IPO last news was they looking at post MC of 1800 to 2200 post issue now looking at 500 Cr issue i think they have settled for 2000 cr valuation. With Dr LAL success i think this will be liked by the market let wait see by the way why 4 days the issue is open 26th 27th 28th and 29th

No looking at top is around 150 Cr and margin is around 40% plus so approx profit is around 50 cr so at 2000 it is asking a PE of 40 Which is comparable with dr LAL is right price..... let wait and see how the price IMO they will leave something for the table looks like a good issue

This one is a purely secondary issue...no money going into the Company...only sale of shares by existing investors...so valuation before and after IPO will be same...

TOTAL FORMS : 5,87,793

just a msg also RRI is 1.41 X u got is correct

Market rumours ...
Listing price ... minimum 135 ... maximum 155
... target price 200 by Diwali 2016

Just joking dear. Dont get senti. Was pulling ur leg. Hope u have not taken it to heart?

Keep up the good work Eagleye.

Employee quota at 0.89% for Chennai head quatred company is difficult, remember in Alkem mumbai and gujarat mfg based company ipo employee quota was 0.66% . looks fishy as karvy is registrar experts may comments on it.

Got it

The IPO was also biggest since InterGlobe Aviation''s Rs 3,000-crore IPO last October. P N Vasudevan, managing director, Equitas Holdings told T E Narasimhan that subscription numbers were good and he is confident on commencing SFB before the April 2017 deadline. He speaks on opportunities and challenges.

Are you happy with the response (for IPO)?
Subscription was 17 times, which is a pretty good number. IPO was one of the conditions for the small finance bank (SFB) licence. Now we have to work on the other conditions to get ready for the final application for licence.

Is it regulation pressure which made you to go for an IPO or you really wanted to go for an IPO?
We had foreign holding of 93 per cent, which has to come below 49 per cent as per the regulation and for that size it needed an IPO.

What will be the next step for Equitas towards SFB?
Now we have to merge the three subsidiaries including Equitas Micro Finance Ltd, Equitas Finance Ltd and Equitas Housing Ltd. Once we get the court''s nod, we will work on IT related issues.

We have time till April 2017 to commence the operations, we should be in line with that.

What is your target for the SFB? What are the challenges you foresee?
I don''t want to give any numbers and forward looking statements. On the assets side we are very well diversified, which will continue with additional one or two products. Otherwise we have complete credit products in the offering.

A big challenge would be setting up the liability team, since we need to mobilise deposits. The more we can mobilise retail deposist, more the benefits in terms of cost of funds.

Analysts say that a big challenge would be the current product offerings and geography expansion. What is your view?
We are fairly well diversified. Around 53 per cent is from microvinance, 25 per cent used commercial vehicles, MSME is around 17 per cent and affordable housing five per cent. We operate in 11 states and are comfortable with that.

What will be the new SFB''s focus?
SFB gives us an opportunity to offer liability services to the retail clients. As we out to do that, there are lot of segments of the population which are not finding easy and convenient and comfortable to do banking for low value transactions. While we will do many other things but one of the things we will focus is on how to give a comfortable and convenient banking process for low value transactions.

New ipo
Thyrocare
Date open 26-4-2016
Close date 29-4-2016
Approx 500cr

Looking forward to snap it.

last news was they looking at post MC of 1800 to 2200 post issue now looking at 500 Cr issue i think they have settled for 2000 cr valuation. With Dr LAL success i think this will be liked by the market let wait see by the way why 4 days the issue is open 26th 27th 28th and 29th

No looking at top is around 150 Cr and margin is around 40% plus so approx profit is around 50 cr so at 2000 it is asking a PE of 40 Which is comparable with dr LAL is right price..... let wait and see how the price IMO they will leave something for the table looks like a good issue

Eagle eye can u elaborate if some de portion is not fully subscribe is it possible to allot in othe portion .....

Dear Tushar Sir,

Please read page 775 of the RHP of Equitas ... you will find your answer ...


However, If you prefer to be spoon fed ... here is the gist ...

"Under-subscription in any category (except QIB Category) is allowed to be met with
spill-over from any other category or combination of categories at the discretion of the
Issuer and in consultation with the Book Running Lead Managers and the Designated
Stock Exchange and in accordance with the SEBI Regulations. Unsubscribed portion in
QIB Category is not available for subscription to other categories."

The Rs 2,200 crore-IPO of Equitas Holdings, the biggest initial public offering so far this year, saw robust investor response as the issue was oversubscribed 17.21 times on the last day of the offer today.
The IPO generated demands worth over Rs 37,000 crore from only domestic investors as it received total bids for 2,39,50,97,640 shares against the issue size of 13,91,91,802 shares, data available with NSE till 1930 hrs showed.
The portion aside for qualified institutional buyers (QIBs) was oversubscribed 14.92 times and that of non institutional investors received 57 times subscription, sources said.
Retail investors category was also oversubscribed 1.31 times.
In another record for the year from the company, its IPO saw 5.5 lakh applications.
The company has raised Rs 652 crore from anchor investors.
Equitas Holdings, with a licence for a small finance bank, has fixed the price band at Rs 109-110 per share. The initial share sale programme, the first and also the largest in the current fiscal, will close today.
Equitas'' IPO comprises fresh issue of shares aggregating Rs 720 crore and an offer for sale of up to 1,32,425,884 shares by existing shareholders, including P N Vasudevan, MD, and private equity stakeholders.
The IPO will bring down the company''s foreign holding to 35 percent, from the current 93 percent.
As per the norms, foreign shareholding should be below 49 percent to operate as a small finance bank.
Funds generated from the fresh issue will be used to develop IT infrastructure for the new bank and lending purposes, among others.
Axis Capital, ICICI Securities, HSBC and Edelweiss Financial Services are managing the company''s IPO.
Earlier this year, staffing firm TeamLease Services IPO had received an overwhelming response from investors as the issue was oversubscribed 66

Equitas GMP
21/- per share
2200 per form

can we sell in grey market

2200
21/22

We too sure that every applicant will get minimum 135 shares confirm

I think allotment in retail is purely based on random allocation in case of over subscription ( similar happens with me in VRL allotment ) . It''s not mandatory that each application should get minimum one ... But looking at subscription numbers in retail (1.36), mostly will get a one lot on one application .
Do u ppl agree ?

Septa Sir,

We had a date tonight @9pm ... I am here

Refer my posting earlier today ... 549...

"RII will be 1.4X
NII will be 70X

Let us revisit these numbers @9pm tonight"


What is my punishment for being wrong ???

The punishment will be having a date with me before every IPO begins !!@!#$@%@ at Dalal street or Marina Beach.

:)

all retailers will get atleast one lot. becasome of the retailer have bid for more than one lot from the same account, they will get only one. so everyone will get this one

any latest update or news?

Equitas GMP 19.00 - 19.50 per share

http://economictimes.indiatimes.com/markets/stocks/news/equitas-holdings-ipo-sails-through-subscribed-17-times/articleshow/51726396.cms