World news – IN – Equitas SFB’s weak entry in the market, listed at Rs 31 with 6% discount from IPO pricehi

Equitas SFB Listing: Equitas Small Finance Bank has a sluggish entry into the stock market Today the stock is listed on the stock market at a 6 percent discount The issue of Equitas Small Finance Bank was Rs 33 per share, but on BSE it was 31Listed at Rs 10 which is 6% less than the issue price Despite the issue being low, experts were anticipating its sluggish listing. However, this issue may be better in terms of long term investment

Iquitas Small Finance Bank 1 after issue price3 with 77 percent fallTrading at Rs 45 3130 after opening at Rs 90Weakened to Rs 10 Right there, 31Strengthened to Rs 90 Equitas Small Finance Bank’s IPO opened on Tuesday 20 October and closed on 22 October This was the 12th IPO of this year Among the issues available for sale through this IPO were Rs 280 crore fresh issue and 7,20,00,000 shares under offer for sale.

Yi IPO of Rs 520 Crore Nearly 1Was subscribed 95 times The price band of this IPO of Equitas Small Finance Bank was Rs 32-33 per share. The IPO of the first Equitas Small Finance Bank was scheduled to come in March but was postponed due to coronavirus infection and lockdown With this, the size of the issue was also halved.The first 1000 crore rupees were to be issued

AQU Small Finance and Ujjivan Small Finance Bank have also launched their IPOs in the first small finance segment of Equitas Small Finance Bank However, compared to the peer companies, Equitas has offered an IPO at an attractive price. If you talk about both the previous IPOs, AU Small Finance Bank is trading at Rs 783 with a premium of 118% from its issue price of Rs 358. On the other hand, Ujjivan Small Finance has traded at an issue price of Rs 37 to 13 per cent with a discount of 13 per cent. Both the issues were listed at a premium of over 50 per cent.

Chennai based Equitas SFB got license from RBI in 2016 Its loan book has come from Rs 10,781 crore to Rs 15,923 crore during FY 2017-18 to FY 2019-20. By the June quarter of FY 2019-20, it had reached Rs 17,213 crore. Small business loans, micro finance and vehicle loans accounted for 42 per cent, 23 per cent and 24 per cent of the total business of this small finance bank during the quarter.

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Equitas Small Finance Bank, Listing, Stock market, Small finance bank, Initial public offering, Indian rupee