The IPO of Equitas Small Finance Bank is open today, i.e., on October 20. This will be the 12th IPO of this year. Investors can make bumper earnings through this IPO.
The IPO of Equitas Small Finance Bank is open today, i.e., on October 20. This will be the 12th IPO of this year. Investors can make bumper earnings through this IPO.
Are you also looking for a chance to earn a good income in the market? From today you are getting another chance to earn huge. Today Equitas Small Finance Bank is bringing its IPO. Let us know that this year has been very good for IPO. Investors have made bumper earnings from the IPO. This will be the 12th IPO of this year. Some of the IPOs have performed well this year, while some listed have been weak. Let us know about this IPO in detail-
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The IPO of Equitas Small Finance Bank will open today, i.e., on October 20, and it will be closed on October 22. At the same time, retail investors can invest in this IPO from tomorrow until October 22. Equitas Small Finance Bank has targeted to raise Rs 500 crore through an IPO. The company has given this information in the regulatory filing. The company has fixed the price band of the IPO at Rs 32-33. 280 crore will be issued under this IPO.
Four hundred fifty shares in One lot?
Talking about lot size, it can have 450 shares. Equitas Small Finance Bank issue may be listed on November 2. Equitas Small Finance Bank is getting the benefit of focusing on retail deposits.
The company will issue 15.2 million shares
The company will issue a total of 15.2 million shares in the IPO. Out of this, eight crores will be fresh shares, while 7.2 crore shares will be offered for sale.
IPO rescheduled due to Coronavirus pandemic lockdown
The Equitas Small Finance Bank IPO was scheduled in March, but it was averted due to coronavirus infection and lockdown. The size of the issue is also halved. The company had earlier planned a Rs 1000 crore issue.
Who can bid?
Qualify Institutional Buyers will bid for 50 percent of the offer. For retail investors, 35 percent, and the remaining 15 percent is reserved for non-institutional investors.
Happiest Minds had rewarded investors
Earlier, the IPO of Happiest Minds has made investors rich. The company's stock was listed on BSE at a price of Rs 351. The issue price of Happiest Minds shares was Rs 166. The stock was listed at a premium of 111 percent.
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 "Equitas Small Finance Bank IPO Bumper opportunity of making huge money today, invest here")
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