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Equitas Small Finance Bank IPO: How attractive is the stock for long-term investors?

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

Synopsis

The IPO demands a lower valuation as in contrast with chums including Ujjivan SFB and AU SFB. But, Equitas SFB has poorer asset quality largely as a result of larger mortgage loss in its automobile finance section.

ET Intelligence Crew: Equitas Minute Finance Monetary institution (SFB) plans to elevate Rs 280 crore via new area of shares to elevate its tier I capital. As well to, its promoter Equitas Holdings (EHL) will promote shares worth upto Rs 238 crore to lower its stake to round 82% from the hot 95.5%. This wants to further fall to 40% to abide by the regulatory necessities and may per chance presumably support as a hangover on the inventory after itemizing. The IPO demands a lower

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ET Bureau

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