Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Equitas Small Finance Bank  / Equity Capital Markets

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<p>Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO.</p>
<p>In my earlier note, <a href="https://www.smartkarma.com/insights/equitas-small-finance-bank-pre-ipo-another-forced-small-finance-bank-listing" target="_blank" rel="noopener">Equitas Small Finance Bank Pre-IPO - Another Forced Small Finance Bank Listing</a>, I looked at the company’s past performance and some of the issues which could impact the deal. </p>
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<p>Although, like <a href="https://www.smartkarma.com/entities/ujjivan-small-finance-bank-ltd" target="_blank" data-smartkarma-citation="entities:28443:1" rel="noopener">Ujjivan Small Finance Bank (USFB IN)</a> before it, ESFB too is nearly the same as its already listed parent, <a href="https://www.smartkarma.com/entities/equitas-holdings-ltd-india" target="_blank" data-smartkarma-citation="entities:24834:1" rel="noopener">Equitas Holdings Ltd/India (EQUITAS IN)</a>, thus, it's not really an IPO. Hence, before the actual listing, one can already do a pre-IPO trade for Equitas. In this insight, I'll look into the same and use the <a href="https://www.smartkarma.com/entities/ujjivan-financial-services" target="_blank" data-smartkarma-citation="entities:22697:1" rel="noopener">Ujjivan Financial Services (UJJIVAN IN)</a> performance before the listing of USFB as a benchmark. </p>
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Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO.
In my earlier note, Equitas Small Finance Bank Pre-IPO - Another Forced Small Finance Bank Listing, I looked at the company’s past performance and some of the issues which could impact the deal. 


Although, like Ujjivan Small Finance Bank (USFB IN) before it, ESFB too is nearly the same as its already listed parent, Equitas Holdings Ltd/India (EQUITAS IN), thus, it's not really an IPO. Hence, before the actual listing, one can already do a pre-IPO trade for Equitas. In this insight, I'll look into the same and use the Ujjivan Financial Services (UJJIVAN IN) performance before the listing of USFB as a benchmark. 


Equitas Holding/Small Finance Bank Pre-IPO - Valuation And Pre-Listing Trade Idea

<p>Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO.</p><p>Like <a href="https://www.smartkarma.com/entities/ujjivan-small-finance-bank-ltd" target="_blank" data-smartkarma-citation="entities:28443:1" rel="noopener">Ujjivan Small Finance Bank (USFB IN)</a> before it, ESFB too is nearly the same as its already listed parent, <a href="https://www.smartkarma.com/entities/equitas-holdings-ltd-india" target="_blank" data-smartkarma-citation="entities:24834:1" rel="noopener">Equitas Holdings Ltd/India (EQUITAS IN)</a>, in terms of operations and the only reason for its listing, is to comply with RBI’s strict requirements. Thus, it's not really an IPO, considering that the parent itself only listed in 2016 and its assets and earnings are nearly identical to what ESFB will offer once listed. </p><p>In this note, I’ll broadly look at the company’s past performance and some of the issues which could impact the deal. </p>

Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO.Like Ujjivan Small Finance Bank (USFB IN) before it, ESFB too is nearly the same as its already listed parent, Equitas Holdings Ltd/India (EQUITAS IN), in terms of operations and the only reason for its listing, is to comply with RBI’s strict requirements. Thus, it's not really an IPO, considering that the parent itself only listed in 2016 and its assets and earnings are nearly identical to what ESFB will offer once listed. In this note, I’ll broadly look at the company’s past performance and some of the issues which could impact the deal. 

Equitas Small Finance Bank Pre-IPO - Another Forced Small Finance Bank Listing

India

Equitas Small Finance Bank Limited operates as a bank. The Bank offers savings accounts, fixed deposits, loans, debit and credit cards, investment, insurance, online services, and other related activities. Equitas Small Finance Bank serves clients in India.

Equitas Small Finance Bank  (EQUITASB IN)

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Equitas Small Finance Bank (EQUITASB IN)

Equitas Holding/Small Finance Bank Pre-IPO - Valuation And Pre-Listing Trade Idea

Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO. In my earlier...

Sumeet Singh

Equitas Small Finance Bank Pre-IPO - Another Forced Small Finance Bank Listing

Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO.Like Ujjivan...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)