Equitas Holdings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 98,815,213 (50%) | — | ₹108,697 Cr |
| NII (HNI) | — | 29,644,565 (15%) | — | ₹32,609 Cr |
| Retail | — | 69,170,651 (35%) | — | ₹76,088 Cr |
| Employee | — | 250,000 (0%) | — | ₹28 Cr |
| Σ Total | — | 197,880,429 (100%) | — | ₹2,176,685 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹14,850 |
| Retail (Max) | 13 | 1,755 | ₹193,050 |
| S-HNI (Min) | 14 | 1,890 | ₹207,900 |
| B-HNI (Min) | 67 | 9,045 | ₹994,950 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Investment in certain of our Subsidiaries, namely, EFL, EMFL and EHFL, to augment their capital base to meet their future capital requirements arising out of growth in our business. – 616.00
- 2 General corporate purposes – 80.64
Company Overview
Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels.
Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.
Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.
Equitas offer a range of financial products and services including:
1. Microfinance
Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. Company is fifth largest microfinance company in India in terms of gross loan portfolio.
2. Vehicle Finance
Equitas offers used commercial vehicle finance to customers. Company is among a few NBFCs in India operating in the used commercial vehicle finance business.
3. Micro and Small Enterprise (MSE) Finance
Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises.
4. Housing Finance
Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. A majority of its
micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record.
Equitas Competitive Strengths:
1. Robust corporate governance standards and transparent operations leading to institutional confidence and customer goodwill
2. Comprehensive understanding and successful track record with underserved customer segment offering significant growth opportunities
3. Standardized operating procedures and efficient use of technology resulting in effective risk management and improved efficiencies
4. Diversified product offering and markets with significant cross-selling opportunities.
5. Experienced management and strong employee engagement
6. Commitment to social initiatives