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Deal Sheet and bank Matrix of Equitas Holdings limited IPO

Deal Sheet and bank Matrix of Equitas Holdings limited IPO

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Banking_Matrix_-Equitas_Holdings_Limited

This IPO is only for Indian domestic investors.

Anchor Date: Monday, April 4, 2016
Opening Date: Tuesday, April 5, 2016
Closing Date: Thursday, April 7, 2016
Price Band (Public):        INR 109 – 110 per share

BRLMs: Axis Capital Ltd., HSBC, ICICI Securities and Edelweiss Financial Services

Issue Structure:

Structure: Primary issuance of INR 7,200 mn and Offer for Sale(up to no. of shares) 132,425,884 Equity Shares of which there is an Employee Reservation of (up to no. of shares) 250,000 Equity Shares and thus Net Issue to Public (up to no. of shares) 198,230,929 – 197,630,429 Equity Shares

Application Multiple / Lot Size: 135 shares
144 A applicability: Indian Domestic Investor-only issue.
Issue Size @ Lower Band (INR 109):

Issue Size: INR 21,634 mn

Employee Reservation: INR 27 mn

Net Issue Size: INR 21,607 mn

 

Total QIB Portion (Total): INR 10,804 mn

Anchor Portion: INR 6,482 mn

Minimum Allocation to domestic MFs in Anchor (subject to bids): INR 2,161 mn

Net QIB Portion (post Anchor): INR 4,321 mn

 

Anchor Tranche: 59,469,277 shares

Max Bid by Anchor Investor (adjusted for lot): 16,798,725 shares.

 

Issue Size as (%) of Post-Issue Equity – Total shares offered to public: 59.08%

 

 

Issue Size @ Upper Band (INR 110):

Issue Size: INR 21,767 mn

Employee Reservation: INR 28 mn

Net Issue Size: INR 21,739 mn

 

Total QIB Portion (Total): INR 10,870 mn

Anchor Portion: INR 6,522 mn

Minimum Allocation to domestic MFs in Anchor (subject to bids): INR 2,174 mn

Net QIB Portion (post Anchor): INR 4,348 mn

 

Anchor Tranche: 59,289,127 shares

Max Bid by Anchor Investor (adjusted for lot): 16,768,620 shares

 

Issue Size as (%) of Post-Issue Equity – Total shares offered to public: 59.00%

 

Indicative Post-Issue Timelines:

Bid/Issue Closing Date : 07-Apr-16

Finalisation of Basis of Allotment with the Designated Stock Exchange : On or about April 13, 2016

Initiation of refunds (if any, for Anchor Investors)/unblocking of funds from ASBA Account : On or about April 18, 2016

Credit of Equity Shares to demat accounts of Allotees : On or about April 20, 2016

Commencement of trading of the Equity Shares on the Stock Exchanges: On or about April 21, 2016

CA Shafaly Girdharwal

Written by

CA Shafaly Girdharwal

CA Shafaly Girdharwal is a verified expert on the ConsultEase platform specialising in Investment Advisory. Connect via the app for personalised advice on your specific situation.

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