Equitas Small Finance Bank Ltd IPO - Should you subscribe?
Chennai based Equitas Small Finance Bank Ltd is going to debut the security market through its ₹ 517.60 Crore IPO. This is the 12th mainstream IPO after COVID - 19 unlock process started in the country and 13th IPO of the year 2020 so far. After the SBI Cards & Payment System IPO launched in the first week of March 2020, the IPO market went into doom due to COVID - 19 outbreak across the globe. The country, in fact, the world had come to stand still. However, the moment lockdown was lifted in May -20 in a phased manner, the companies queued up to launch their IPOs. The opener Rossari Biotech launched its IPO in the second week of July - 20 got a tremendous response and ended up oversubscribing by 79 times. The bumper listing further enticed the IPO market. At the non-striker end was the bleeding Yes Bank which did not even manage to fully subscribe. The obvious reason of its failure is not unknown. There were no IPOs in August, 20, however, in September, 20, eight IPOs were lau