Equitas Tiny Finance Bank IPO: How dazzling is the stock for lengthy-term investors?

Equitas Tiny Finance Bank IPO: How dazzling is the stock for lengthy-term investors?


Chennai headquartered Equitas SFB received the license from RBI in 2016. Its total advances grew to Rs 15,923 crore from 10,781 crore between FY18 and FY20.

Synopsis

The IPO demands a decrease valuation when compared with company including Ujjivan SFB and AU SFB. Nonetheless, Equitas SFB has poorer asset quality largely due to increased loan loss in its automobile finance segment.

ET Intelligence Group: Equitas Tiny Finance Bank (SFB) plans to carry Rs 280 crore by design of new tell of shares to carry its tier I capital. As well to, its promoter Equitas Holdings (EHL) will sell shares rate upto Rs 238 crore to reduce relieve its stake to round 82% from the unusual 95.5%. This desires to further descend to 40% to abide by the regulatory necessities and might maybe maybe well presumably merely assist as a hangover on the stock after list. The IPO demands a decrease

BY

ET Bureau

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