IPOs action is picking up momentum in the financial markets. It was after closing the Rs 518-crore public issue last week that Equitas Small Finance Bank is now expected to finalise the basis of allotment on October 27. The company will initiate refunds and unblock funds from ASBA account on October 28 and the equity shares will get credited to the accounts of entitled investors on October 29. The company will make its maiden entry on Stock Exchanges on November 2.
Investors can check their allotment status in five easy steps on the website of IPO's registrar KFin Technologies Private Limited. Does the registrar provide three separate 3 links? Link 1, Link 2 and Link 3and investors can click on any one of them to know the allotment status. First Select IPO Name - Equitas Small Finance Bank, and Check box either Application Number, DPID/Client ID, or PAN Number. If using the Application Number option, then select ASBA/NON-ASBA and enter the Application Number. If using DPID/Client ID, then select NSDL/CDSL and enter DPID & Client ID. If using the Permanent Account Number, then enter PAN 4) Enter Captcha mentioned above 5) Click on Submit to get the application or allotment status The public issue was subscribed 1.95 times during October 20-22, lower than all IPOs launched in 2020 so far.
The IPO comprised a fresh issue of Rs 280 crore and an offer for sale of 7.2 crore equity shares by promoter Equitas Holdings to comply with RBI norms.
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