Equitas Holdings Limited IPO Message Board (Page 91)

Equitas
GMP 9.75 - 10.25
(Dropping)

FII’s cannot apply in the IPO but may buy post listing with some conditions which makes this issue more interesting.... more power to retail investor

let see how DIIs respond

Although a good IPO but I m a little apprehensive of the business model of micro finance companies. N for the business where I m not convinced- I may not apply. Although looks good for listing gains.

Kostak 1250

Dear septa sir
For one time subscription in EHL no of application require is around 5.20 lakhs (RII).
so it will easily subscribe ?
can we apply for more than one lot to get more shares ?
Thanks

Dear septa ji
Highest no of application in retail category was in Alkem IPO (around 6.15 Lakhs ) so on that basis we assume that Rs 910 Cr can come in EHL.(RII category-with minimum lot of 135 shares )
it can subscribe around 1.15 on no of application basis.
Please clarify , i may be wrong
Thanks

IMO alkem was a better bet then Equitas I think RII will be under subscribed also given FII not allowed to apply for IPO market is not sure how DII will act... that could be one reason GMP is also falling.... Once anchor investor info come we could see better GMP....

It is good issue and good business model....

Issuer
Equitas Holdings Limited
Offer Period
Offer Opens : Tuesday, April 05, 2016
Offer Closes : Thursday, April 07, 2016
Price Band
Rs.109 - Rs. 110
Bid Lot
135 Shares and in multiples thereafter
Issue Size at Lower Band
Fresh Issue of Rs.720 Crores and offer for sales up to 132,425,884 Equity Shares of which Employee reservation portion up to 250,000 Equity Shares
QIB
50% of the Offer
NIB
15% of the Offer
Retail
35% of the Offer
Mode of Payment
ASBA Mandatory ( No Cheque will be accepted)
Registrar
Karvy Computershare Private Limited

Applying for equitas No Second thought.

GMP JUMmmmmm 1200 TO RAJKOT

Equitas Holdings IPO next week eyes up to $327 million

A money lender counts rupee notes at his shop in Ahmedabad, May 6, 2015. REUTERS/Amit Dave/Files
Financial services firm Equitas Holdings Ltd''s initial public offering of shares next week could raise as much as 21.76 billion rupees ($327 million), in what will be the biggest local IPO in five months.

Equitas is one of the 10 companies that have been the Reserve Bank of India to up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.

The company aims to raise up to 7.2 billion rupees by selling new shares at a price range of 109 rupees to 110 rupees per share in the IPO opening on April 5 and closing April 7. Cornerstone investors can bid for the shares on April 4.

Equitas said it will the IPO proceeds to enhance the capital base of its units, adding it was looking for a market capitalisation of about 37 billion rupees at the IPO price.

Separately, investors in Equitas, including International Finance Corporation and a bunch of private equity firms, are selling about 132.4 million shares in the IPO to raise about 14.56 billion rupees at the upper end of the price range.

The IPO will lower foreign holding in Equitas to about 35 percent from 93 percent currently, Managing Director P.N. Vasudevan told a news conference on Tuesday, adding the company will apply for the small finance bank licence after meeting the requirements prescribed by the central bank.

The RBI allows foreign ownership of a maximum 49 percent in small finance banks.

Equitas, which already offers small loans to individuals and companies and also runs a housing finance business, will merge the units to create the small finance bank, Vasudevan said.

Ujjivan Financial Services, another permit winner for small finance bank, has also filed for an IPO.

Jisko lagta hai ehl avoid karna chye vo apni aplication sale karke side haojye aur kisi ko miss guide na karwy.1100 rs is not bad for investment14850.

i keep applications ready for 7 april after seeing qib data

rs 1 lakh application or 1 lakh application ?

?? ???

This is more difficult to decode than the IPO itself .....

Septa Sir,
EHL applying with force or shall wait.
I am planning to apply 1 lac application.

it is good IPO however nothing wrong in waiting to see QIB participation if the issue is not over subscribed at retail level i would certainly apply full force.....not many players in the market with both small bank and micro finance.

listing around 108

Source of Info please....

Listing above 140/150.

Listing days....112/108/103......range bound likely....

Apply / avoid. ..

Apply / avoid. ..
Please advise

What''s fix price?fill.up.in open market?

we have to see whether qib demands for ipo or not then only apply gmp first up then on listing day list at discount eg quick heal healthcare global and pcl

Agreed...gmprise is just a gimmicks .....

Equitas
GMP 11.00 -11.50

L&T Finance
EPS 3.2 Rs
Price 60
PE 18
NAV RS 19
BV/MV 3

BOGUS ISSUE:- L&T Finance
BOGUS ISSUE:- EHL

Ye ipo pàhle listing hai......

To pir kaise bogus.......
L&t fi

Hello Sir,

Have you changed your mind?
Or are you definitely NOT APPLYING ?

It seems fully priced.....large offerings of 34 crore shares by small players can be a long term play but maynot be in short term .....after all dena bank,uco bank,vijaya bank ,psb, and many psu bank available at bellow 35 rs....

It is better to offer no excthan a bad one my friend computer anyway It''s about honesty and your It''s about your identity in forum . what value in having fake identity this is second time next give a better exclast time some kumar friend...... How many more friend u have

Very well said Septa. Earlier also in one of my posts for infibeam I think, I said I suspected the two stars identity n s.Kumar''s I''d to be same person. Just confirms my suspicion.