FY 20
Assets16,664.70
Net Worth1,005.90
Total Debt4,644.80
RevenueAnnualised basis2,645.40
EBITDAAnnualised basis1,393.70
PATAnnualised basis243.63
EBITDA Margin (%)52.68
At a glance
Updated 2026-09-19Equitas SFB is a Mainboard IPO with an issue size of ₹517.60 crore, proposed for listing on BSE, NSE. The offer opens on 20th Oct 2020 and closes on 22nd Oct 2020. The issue structure includes a fresh issue of ₹280.00 crore and an offer-for-sale component of ₹237.60 crore. The current listing schedule points to 2nd Nov 2020.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹517.60 Cr
Fresh issue₹280.00 Cr
Offer for sale₹237.60 Cr
Face value₹10
Price band₹32.00–₹33.00
Allotment27th Oct 2020
Listing2nd Nov 2020
Grey market
GMP page ↗Latest GMP₹1.00
GMP / upper price3.03%
Est. listing₹34.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens20th Oct 2020
Closes22nd Oct 2020
Allotment27th Oct 2020
Refund28th Oct 2020
Demat29th Oct 2020
Listing2nd Nov 2020
Subscription demand
Full bidding ↗Total1.97×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 450 | ₹14,850 |
Company
Incorporated1993
Use of proceeds
| Object | Amount |
|---|---|
| Towards augmenting our Bank’s Tier I capital base to meet our Bank’s future capital requirements | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets20,892.10₹ Cr · +32.5% vs prior year
Net Worth1,053.40₹ Cr · +4.7% vs prior year
FY 19
Assets19,314.50
Net Worth1,053.40
Total Debt5,134.80
RevenueAnnualised basis2,111.90
EBITDAAnnualised basis1,170.70
PATAnnualised basis210.56
EBITDA Margin (%)55.43
FY 18
Assets15,762.60
Net Worth1,005.90
Total Debt3,973.00
RevenueAnnualised basis1,531.60
EBITDAAnnualised basis70.29
PATAnnualised basis318.31
EBITDA Margin (%)4.59
30-Jun-20
Assets20,892.10
Net Worth1,053.40
Total Debt5,522.50
RevenueAnnualised basis721.30
EBITDAAnnualised basis3,227.60
PATAnnualised basis57.60
KPIs
| KPI | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 9.56 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Bank and fee payable to the Sponsor Bank for Bids made by RIBs, Eligible Employees and Eligible EHL Shareholders using UPI, Brokerage and selling commission and bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 1.22 |
| 3 | Fees payable to the Registrar to the Offer | 0.03 |
| 4 | Fees payable to the other advisors to the Offer | 2.69 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 2.21 |
| 6 | Printing and stationery | 0.09 |
| 7 | Advertising and marketing expenses | 4.79 |
| 8 | Fee payable to legal counsels | 3.59 |
| 9 | Miscellaneous | 1.38 |
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Equitas Small Finance Bank IPO | — | 16.25 x | — | — |
| Asset Reconstruction IPO | — | 11.07 x | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | ₹9.56 Cr |
| Selling commission/processing fee for SCSBs, Sponsor Bank and fee payable to the Sponsor Bank for Bids made by RIBs, Eligible Employees and Eligible EHL Shareholders using UPI, Brokerage and selling commission and bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTAs and CDPs | ₹1.22 Cr |
| Fees payable to the Registrar to the Offer | ₹0.03 Cr |
| Fees payable to the other advisors to the Offer | ₹2.69 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | ₹2.21 Cr |
| Printing and stationery | ₹0.09 Cr |
| Advertising and marketing expenses | ₹4.79 Cr |
| Fee payable to legal counsels | ₹3.59 Cr |
| Miscellaneous | ₹1.38 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-19.
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