Equitas Small Finance Bank IPO – Should you invest? Its issue share price is also reasonably priced. Equitas is a regional non-profit health system serving the healthcare needs of the LGBTQ+ in 13 cities in the Midwest. Equitas was founded in Montreal in 1967 by a group of eminent Canadian scholars and social activists, including the co-drafter of the Universal Declaration of Human Rights, John P. Humphrey, women’s rights activist Thérèse Casgrain and the “ambassador of persons with disabilities”, Dr. Gustave Gingras. Equitas SFB offers a range of banking products/services focused on the financially unserved and underserved customer segments in India. Equitas Small Finance Bank began trading on the stock exchanges at Rs 31 per share, soon after opening the stock price improved only to fall further after the initial few minutes of trade. These liabilities were reinsured by Equitas Reinsurance Limited (ERL), which was also appointed as the run-off agent. Equitas Holdings Ltd. on Monday said the Reserve Bank of India has lifted the restrictions imposed on its small finance bank subsidiary in September last year. The RBI lifted the restrictions on Equitas Small Finance Bank subsequent to the listing of its equity shares, Equitas Holdings said in a BSE filing. Check Day by Day Subscription Details (Live Status) Founder PN Vasudevan’s 2.5 per cent in the company is worth just about Rs 120 crore; many bankers’ … When microlender Equitas Holdings listed last week, no such thing happened. Submission Of Half-Yearly Disclosure On Related Party Transactions - September 30 2020. Read More Investors can invest in this IPO with a 3-5 years time frame. Equitas is the name given to a group of companies that was formed in 1996 to reinsure the liabilities that had accumulated in the syndicates at Lloyd's of London on insurance policies written on the 1992 and all prior years of account. Equitas Small Finance Bank Ltd board is meeting today to consider and approve unaudited financial results for the quarter and half year ended September 30, 2020. Equitas Small Finance Bank Limited - Code of Conduct under SEBI(PIT) Reg., 2015 Equitas Small Finance Bank IPO Subscription Status (Bidding Detail) The Equitas Small Finance Bank IPO is subscribed 1.95x times on Oct 22, 2020 17:00. Equitas Small Finance Bank has commenced its banking operations with 3 branches in Chennai. Equitas Small Finance Bank is one of the largest small finance banks in India with diversified asset portfolio. MUMBAI: When a company lists on stock exchanges, it is customary to discuss by how much the paper wealth of the founder — be it Facebook’s Mark Zuckerberg or Reliance Power’s Anil Ambani — has gone up. It is generating strong revenue and margin growth in the last 3 years. 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