Equitas Small Finance Bank Limited IPO GMP

Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd.With effect from 4 February 2017, Equitas became a scheduled bank. However, the company missed on RBIs mandate of listing within 3 years of commencement of its operations. Review from the Securities and Exchange Board of India and RBI is awaited.

The bank planned to build a network of 412 branches located in 11 Indian states by the end of fiscal year 2016-17..However, the bank is heavily committed to technology, with 83% of transactions occurring online as of July 2017. This includes the bank providing an RFID sticker to pay road tolls automatically, with settlements occurring digitally.


Below are Details of Grey Market Premium (GMP) and Kostak Rate of Equitas Small Finance Bank Limited IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO.

IdGrey Market PremiumKostak RateRate Date
13601 RsNILL23 Oct 2020
13591-3 Rs250 Rs22 Oct 2020
13583-4 rs250 Rs21 Oct 2020
13573-4 rs250 Rs20 Oct 2020
13567-9 rs250 Rs19 Oct 2020
13558-10 rs250 Rs16 Oct 2020

Your Comment:
 5 + 7 

sai54 Oct 30 2020 2:06:24 PM
Dear admin,pls give suggestions for ipo alloted share selling strategy..we should sell preopen (in between 9AM-9:45AM) or wait full of the listing day for listings day exit perpuse person.

Mahesh Babu Oct 22 2020 5:05:21 PM
Total subscription is low compared UTI and Angle Broking. It will sure open GAP down huge.

Naresh Oct 22 2020 3:29:43 PM

Mahesh Bau Oct 22 2020 2:52:01 PM
Mae kuchh nahi karunga.

Ram Oct 22 2020 2:43:47 PM
Subscription figures are not great. Don't apply.

P Oct 22 2020 2:13:14 PM
Main apply nai karuga

Main 3pm tak wait karuga

Mahesh Kumar Oct 22 2020 1:11:57 PM
@Vipul Shah Bandhan Bank ka QIB 38.68 and NII 13.89 tha. Iska uske najdik bhi nahi hai

Vaibhav Oct 22 2020 12:46:23 PM
I think it is risky as per my analysis because it is giving a return of less than 10% so I am avoiding it high volatility and surely it will go same as angel broking just beacuse of time of listing.

MANINDRA KUMAR KAUSHIK Oct 22 2020 12:36:06 PM
Apply kare ya avoid kare..kuch samajh nahi aa raha h

Vipul shah Oct 22 2020 11:49:30 AM
Bandhan bank subscription dekh lena or list bhav dekh lena

Vipul shah Oct 22 2020 11:48:10 AM
Supar ipo rahega

aparna Oct 22 2020 11:42:23 AM
Awesome subscriptions ; shows long term quality is getting recognised.

Kunal Oct 22 2020 9:25:03 AM
IPO is good, fundamentals are good but the timing is improper. It shall list a day prior to US elections so maybe very volatile on listing day (even if there is good NII subscription).

admin Oct 21 2020 7:46:09 PM
wait for tomorrow subscription. GMP heading toward 0. if subscription is not good then it will be risky.

Gaurav Khaitab Oct 21 2020 12:16:30 PM
I think this is not the good IPO to invest in GMP Is down yesterday and today and the US election is there on nov 3 and there will be volatile in Market I will finally take decision on last day of subscription

DILIP KUMAR CHAUHAN Oct 21 2020 11:44:08 AM
Equitas Small Finance Bank Limited IPO good rahega kya

bhavani sahu Oct 20 2020 2:57:30 PM
good ipo rhega ye

sagar Oct 20 2020 1:33:23 PM
should we buy this IPO

admin Oct 20 2020 10:14:08 AM
Gmp is down. Updated in ipo gmp section

admin Oct 20 2020 10:13:48 AM
Wait for subscription figure. Gmp is down day by day

mahesh khanna Oct 20 2020 9:49:08 AM
Equitas SFB raises Rs 140 crore from anchor investors. Apply with full force don't wait for last day.

Naresh Oct 20 2020 9:13:20 AM
Dear admin what is your review

Irfan Parmar Oct 19 2020 4:34:35 PM
11/10/2020 is the record date for share holder categary

SUNIL Oct 19 2020 2:33:11 PM
Dear admin, what is the record date for share holder categary