Is Equitas small finance bank IPO good?
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Is Equitas small finance bank IPO good?
NEW DELHI: Shares of Equitas Small Finance Bank made a tepid debut in Mumbai trading on Monday, as the scrip got listed at Rs 31, a 6.06 per cent discount to its issue price of Rs 33. At the issue price, the stock was valued at 1.3 times trailing 12-month price to book value (post IPO basis).
Equitas Bank: Well placed for long term opportunities ‘The current valuation at 1.6x and 9.6x Sept’23 P/ABV and P/E is undemanding and does not factor in strong growth potential, improving liability franchise and possible transition to a universal bank.
Is Equitas Bank legit?
Equitas is good organization for microfinance but not for Housing product, Uper management they only want to secure their job, they didn’t realise about ground level staff and their difficulty, never support any employee, Employee Turn over Ratio is very high.
How can I get Equitas Bank IPO?
Online ASBA over Internet/ Mobile Banking – Investor can use Equitas Internet/Mobile Banking to apply for IPO through digital mode. Investor needs to add the Demat A/c details as one time activity and then proceed to apply for available IPOs.
Who is the owner of Fincare small finance bank?
Rajeev Yadav –
Rajeev Yadav – MD & CEO – Fincare Small Finance Bank | LinkedIn.
How safe is Fincare bank?
It is 100 per cent safe. Fincare Small Finance Bank Limited has received the license to operate as a Small Finance Bank from RBI. The bank was previously a MFI-NBFC which has a good base of customers in Micro finance sector.
How many branches does Equitas Bank have?
Equitas Small Finance Bank has 848 branches in following state(s) of India.
What is the price of Equitas small finance bank IPO?
Its IPO issue price is between Rs 32 to Rs 33 per share. Investors have given thumbs up to quality IPOs only in the recent times. If you observe, few of the IPOs have failed to attract investors recently. Should you invest in Equitas Small Finance Bank IPO?
What are the details of the IPO issue?
Here are the IPO issue details. In terms of the RBI in-principle approval, RBI final approval and SFB licensing guidelines, the bank is required to list its equity shares on the stock exchanges within three years from the date of commencement of business by the bank. Here are the objects of the IPO issue.
What is the price of an IPO in India?
Its IPO issue price is between Rs 32 to Rs 33 per share. Investors have given thumbs up to quality IPOs only in the recent times. If you observe, few of the IPOs have failed to attract investors recently.