Equitas Small Finance Bank Ltd. IPO (Equitas Small Finance Bank IPO) Detail

The Company Equitas Small Finance Bank IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

Equitas Holdings (EHL) Shareholders Reservation in IPO

Investors who hold EHL shares on October 11, 2020, are eligible to apply under the shareholder's category of Equitas Small Finance Bank IPO. The company reserved 10% of the offer for Shareholders (approximate Rs 51 Cr). The EHL shareholders can apply up to Rs 2 lakh in the Shareholders category. EHL shareholders can also apply under the retail category. Further, if an EHL shareholder is also an employee, he/she is also eligible to apply in all the three categories- RII (up to Rs 2 lakhs), Shareholder (up to Rs 2 lakhs) and Employees (up to Rs 5 lakhs).

Equitas Holdings Employees Reservation in IPO

Full-time or permanent employees of EHL can apply in the SBI Employees category of Equitas Small Finance Bank IPO. The maximum limit defined to apply in the Employee category is Rs 5 lakhs. The maximum allotment to employees cannot be above Rs 2 lakhs when the category is fully or oversubscribed. In case of under-subscription in the employee category, the unsubscribed portion will be available for allocation, proportionately to all Eligible Employees who Bid above Rs 2 lakhs, subject to a maximum limit not exceeding Rs 5 lakhs.

• * Unless the Employee Reservation Portion is under-subscribed, the value of allocation to an Eligible Employee shall not exceed Rs 200,000. In the event of under-subscription in the Employee Reservation Portion, the unsubscribed portion may be allocated, on a proportionate basis, to Eligible Employees Bidding in the Employee Reservation Portion for value exceeding Rs 200,000, subject to total Allotment to an Eligible Employee not exceeding Rs 500,000.
• ** Subject to minimum Bid Lot

Important Clarifications

• Zerodha allows 1 IPO application per customer even though the option is available for applying in the retail and shareholders category. To apply the 2nd application, please use your net banking facility.
• The shareholder list is prepared on PAN. Shareholders can apply from a different demat account (on the same name) where they do not hold EHL shares.
• An investor will be identified by the PAN Number and not the Demat Account.
• When using UPI as a payment method, the primary account holder in the bank and demat should be the same person. Use of 3rd party UPI ID or 3rd party bank account is not allowed.
• When using ASBA, up to 5 IPO applications can be applied from the same bank, if the bank offers this facility. Public sector banks (like SBI) offer this facility.
• Minors can only apply using ASBA from the banks that offer the 3rd Party ASBA IPO application. i.e. SBI. Click here for more detail.

DRHP Addendum

Date: September 25, 2020

Pursuant to relaxation permitted by SEBI, the company had filed an addendum to its DRHP revising its Offer Size for the proposed IPO of its equity shares as below:

• the size of the Fresh Issue has been reduced from up to Rs 5,500 million to up to Rs 2,800 million;
• the number of Equity Shares offered through the Offer for Sale by the Company, has been reduced from up to 80,000,000 Equity Shares to up to 72,000,000 Equity Shares;
• the Employee Reservation Portion for Eligible Employees has been reduced from up to Rs 50 million to up to Rs 10 million; and
• the EHL Shareholder Reservation Portion for Eligible EHL Shareholders has been reduced from up to Rs 1,000 million to up to Rs 510 million.