Stock Market Trade Setup for October 30 : Things to know

On October 29, BSE Sensex was down 172.61 points to close at 39,749.85 while the NSE Nifty50 lost 58.80 points at 11,670.80 and formed a bullish candle on daily chart. Except IT and energy, all other sectoral indices ended lower led by FMCG, pharma, metal and auto. BSE Smallcap index down 0.5 percent.The top losers on the Nifty were L&T, Titan, Adani Ports, ONGC, Axis Bank and Adani Ports, while gainers were Asian Paint, Tech Mahindra, Ultra cement, Kotak bank, Wipro.

According to pivot charts, Pivot point for market is 11,673.80. The key support levels for the Nifty is placed at 11,603.45, followed by 11,536.10. If the index moves up, the key resistance levels to watch out for are 11,741.15 and 11,811.50.

Day High - 11,744.15         Day Low - 11,606.45           Market Close - 11,670.80

Pivot Point = (11,670.80+11,744.15+11,606.45) = 11,673.80

Support 1 = 2*11,673.80-11,744.15 = 11,603.45

Support 2 = 11,673.80- (11,744.15-11,606.45) = 11,536.10

Resistance 1 = 2*11,673.80-11,606.45 = 11,741.15

Resistance 2 = 11,673.80+ (11,744.15-11,606.45) = 11,811.50

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• APL Apollo Tubes Q2 profit rises 72% to Rs 103 crore.
• Gateway Distriparks profit falls 75% to Rs 4.26 crore in Q2.
• Blue Star posts net profit of Rs 15.32 crore for Q2.
• CG Power and Industrial Solutions posts Rs 109 crore net profit in Q2.
• Mahindra Holidays & Resorts India Q2 profit up 18% to Rs 28.7 crore.
• Route Mobile Q2 profit more than doubles to Rs 32.7 crore.
• Vodafone Idea Q2 loss narrows to Rs 7,218 crore
• IndiGo reported a loss of Rs 1,194 crore in Q2.
• HPCL board to consider share buyback on November 4.
• Laurus Labs reports highest-ever quarterly profit at Rs 242 crore in Q2.

Stock Market Trade Setup for October 29 : Things to know

On October 28, BSE Sensex was down 599.64 points to close at 39,922.46 while the NSE Nifty50 lost 159.80 points at 11,729.60 and formed a bearish candle on daily chart. The top losers on the Nifty were Indusind Bank, HDFC, ICICI Bank, Tech Mahindra and Adani Ports, while gainers were Bharti Airtel, UPL, M&M, Eicher Motors and Hero MotoCorp.

According to pivot charts, Pivot point for market is 11,781.28. The key support levels for the Nifty is placed at 11,633.17, followed by 11,536.73. If the index moves up, the key resistance levels to watch out for are 11,877.72 and 12,025.83.

Day High - 11,929.40         Day Low - 11,684.85           Market Close - 11,729.60

Pivot Point = (11,729.60+11,929.40+11,684.85) = 11,781.28

Support 1 = 2*11,781.28-11,929.40 = 11,633.17

Support 2 = 11,781.283- (11,929.40-11,684.85) = 11,536.73

Resistance 1 = 2*11,781.28-11,684.85 = 11,877.72

Resistance 2 = 11,781.28+ (11,929.40-11,684.85) = 12,025.83

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• PNB Housing Finance Q2 net down 15% at Rs 313 crore.
• Tata Coffee Q2 net profit up 5.6% to Rs 42 crore.
• ICICI securities reported a 63 percent surge in revenue to Rs 680 crore in the second quarter of 2020-21, from Rs 418 crore in the year-ago period.
• MOIL reported Rs 7 crore profit in Q2.
• Axis bank said its net interest income grew 20 percent YoY to Rs 7,326 crore in Q2FY21 from Rs 6,102 crore in Q2FY20. The net interest margin for Q2FY21 was 3.58 percent as against 3.51 percent for Q2FY20.
• Marico Q2 net rises 7.9% to Rs 273 crore, sales up 8.7% to Rs 1,989 crore.
• L&T Q2 profit jumps 118% to Rs 5,520 crore on E&A unit sale, order inflow declines 42%.
• Piramal Enterprises Q2 profit rises 14% to Rs 628.31 crore.
• Radico Khaitan Q2 profit slips 7% at Rs 75 crore.
• RBL Bank's net profit more than doubles to Rs 144.2 crore in Q2; NII grows 7.3% YoY.
• Titan reports Q2 standalone profit at Rs 199 crore, meets expectations on revenue.
• Dr Reddy's Labs Q2 profit falls 30% to Rs 762 crore, global generics business up 21%.
• Cipla gets into COVID-19 testing, with the launch of antibody test kits.

Stock Market Trade Setup for October 28 : Things to know

On October 27, BSE Sensex was up 376.60 points to close at 40,522.10 while the NSE Nifty50 gained 121.65 points at 11,889.40 and formed a bullish candle on daily chart. Most buying action was seen in auto, FMCG, infra, pharma, while profit-booking was seen in the IT stocks. Top gainers on the Nifty were Kotak Mahindra Bank, Shree Cements, Nestle, Asian Paints and Bajaj Finance, while losers included TCS, Infosys, ONGC, Wipro and HDFC.

According to pivot charts, Pivot point for market is 11,837.03. The key support levels for the Nifty is placed at 11,775.02, followed by 11,660.98. If the index moves up, the key resistance levels to watch out for are 11,951.06 and 12,013.08.

Day High - 11,899.05         Day Low - 11,723.00           Market Close - 11,889.40

Pivot Point = (11,889.40+11,899.05+11,723.00) = 11,837.03

Support 1 = 2*11,837.03-11,899.05 = 11,775.02

Support 2 = 11,837.03- (11,899.05-11,723.00) = 11,660.98

Resistance 1 = 2*11,837.03-11,723.00 = 11,951.06

Resistance 2 = 11,837.03+ (11,899.05-11,723.00) = 12,013.08

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Bharti Airtel Consolidated September 2020 Net Sales at Rs 25,785.00 crore, up 22.02% YoY.
• Tata Motors Q2 loss at Rs 314.5 crore, revenue down 18%
• JM Financial Consolidated September 2020 Net Sales at Rs 800.77 crore, down 5.27% YoY.
• Ceat Consolidated September 2020 Net Sales at Rs 1,978.47 crore, up 16.96% YoY.
• LG Balakrishnan Consolidated September 2020 Net Sales at Rs 417.01 crore, up 1.22% YoY.
• 63 Moons Tech Consolidated September 2020 Net Sales at Rs 42.23 crore, down 38.33% YoY.
• Amara Raja Batt Standalone September 2020 Net Sales at Rs 1,935.82 crore, up 14.19% YoY
• Nippon Standalone September 2020 Net Sales at Rs 240.51 crore, down 15.18% YoY.
• CDSL Standalone September 2020 Net Sales at Rs 70.24 crore, up 73.03% YoY.
• Rossari Standalone September 2020 Net Sales at Rs 173.71 crore, up 15.55% YoY.
• Hexaware Technologies partners with Zendesk to deliver digital transformations.

Stock Market Trade Setup for October 27 : Things to know

On October 26, BSE Sensex was down 540.0 points to close at 40,145.50 while the NSE Nifty50 lost 162.60 points at 11,767.75 and formed a bearish candle on daily chart. Nifty Metal and Auto corrected the most, down 3.5 percent and 3.2 percent respectively, while Bank, IT and Pharma were down 1-1.65 percent. Indices corrected more than 1 percent amid weak global cues, rising coronavirus infections in the United States and Europe, and delay in US stimulus package.

According to pivot charts, Pivot point for market is 11,807.43. The key support levels for the Nifty is placed at 11,672.07, followed by 11,576.33. If the index moves up, the key resistance levels to watch out for are 11,903.17 and 12,038.53.

Day High - 11,942.85         Day Low - 11,711.70           Market Close - 11,767.75

Pivot Point = (11,767.75+11,942.85+11,711.70) = 11,807.43

Support 1 = 2*11,807.43-11,942.85 = 11,672.07

Support 2 = 11,807.43- (11,942.85-11,711.70) = 11,576.33

Resistance 1 = 2*11,807.43-11,711.70 = 11,903.17

Resistance 2 = 11,807.43+ (11,942.85-11,711.70) = 12,038.53

Stocks in news

• Finolex Industries reported a higher profit at Rs 122.8 crore and revenue increased to Rs 585.8 crore.
• M&M Financial reported a higher profit at Rs 303.5 crore and AUM increased to Rs 81,682 crore.
• Torrent Pharma reported profit at Rs 310 crore and revenue rose to Rs 2,017 crore.
• NTPC will consider share buyback on November 2.
• The government has appointed merchant bankers for a period of three years for disinvestment of stake in IRCTC through an offer for sale.
• Angel Broking reported profit at Rs 74.5 crore and revenue jumped to Rs 309.8 crore.

Bharti Airtel, Tata Motors, Amara Raja Batteries, Castrol India, Ceat, ICICI Prudential Life Insurance Company, JM Financial, Man Industries, Mangalam Organics, Nippon Life India Asset Management, Sanofi India, SKF India, Suven Life Sciences and VST Industries are among 37 companies to announce quarterly results on October 27.

Stock Market Trade Setup for October 26 : Things to know

On October 23, BSE Sensex was up 127.01 points to close at 40,685.50 while the NSE Nifty50 gained 33.90 points at 11,930.35 and formed a bearish candle on daily chart. The index gained 1.4 percent and formed a Spinning Top kind of pattern on the weekly scale, too. Most action was seen in auto, FMCG and IT sectors stocks.

According to pivot charts, Pivot point for market is 11,937.88. The key support levels for the Nifty is placed at 11,901.23, followed by 11,872.17. If the index moves up, the key resistance levels to watch out for are 11,966.93 and 12,003.57.

Day High - 11,974.55         Day Low - 11,908.75           Market Close - 11,930.35

Pivot Point = (11,930.35+11,974.55+11,908.75) = 11,937.88

Support 1 = 2*11,937.88-11,974.55 = 11,901.23

Support 2 = 11,937.88- (11,974.55-11,908.75) = 11,872.17

Resistance 1 = 2*11,937.88-11,908.75 = 11,966.93

Resistance 2 = 11,937.88+ (11,974.55-11,908.75) = 12,003.57

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News

• Yes Bank reported profit at Rs 129.4 crore in Q2FY21 and NII fell to Rs 1,973.4 crore.
• Tech Mahindra reported higher profit at Rs 1,064.6 crore in Q2FY21 and revenue rose to Rs 9,371.8 crore. Subsidiary Tech Mahindra (Singapore) Pte Ltd agreed to acquire 100% stake in Momenton Pty. Ltd, Tenzing Ltd and Tenzing Australia Ltd.
• Nestle company reported profit at Rs 587 crore in Q3CY20 and revenue increased to Rs 3,541.7 crore.
• JSW Steel reported a lower profit at Rs 1,595 crore in Q2FY21 and revenue rose to Rs 19,264 crore.
• Wabco India reported profit at Rs 35.1 crore in Q2FY21 and revenue fell to Rs 418.7 crore.
• ICICI Lombard General Insurance reported a higher profit at Rs 415.74 crore and total income rose to Rs 2,883.4 crore.

Kotak Mahindra Bank, SBI Life Insurance Company, Mahindra & Mahindra Financial Services, Angel Broking, Finolex Industries, Genus Paper & Boards, GHCL, Hindustan Media Ventures, Alicon Castalloy, Lasa Supergenerics, Lakshmi Machine Works, Max Ventures and Industries, Swaraj Engines, Torrent Pharmaceuticals and Zim Laboratories etc companies to announce quarterly results on October 26.

Stock Market Trade Setup for October 23 : Things to know

On October 22, BSE Sensex was down 148.82 points to close at 40,558.49 while the NSE Nifty50 shed 41.20 points at 11,896.50. Stock market broke the four-day gaining momentum as Nifty failing to hold the 11,900. Most action was seen in power, oil & gas and metal space while profit-taking was seen in pharma, IT and bank stocks.

According to pivot charts, Pivot point for market is 11,886.48. The key support levels for the Nifty is placed at 11,833.42, followed by 11,770.38. If the index moves up, the key resistance levels to watch out for are 11,949.52 and 12,002.58.

Day High - 11,939.55         Day Low - 11,823.45           Market Close - 11,896.45

Pivot Point = (11,896.45+11,939.55+11,823.45) = 11,886.48

Support 1 = 2*11,886.48-11,939.55 = 11,833.42

Support 2 = 11,886.48- (11,939.55-11,823.45) = 11,770.38

Resistance 1 = 2*11,886.48-11,823.45 = 11,949.52

Resistance 2 = 11,886.48+ (11,939.55-11,823.45) = 12,002.58

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• National Peroxide net profit surged 286 percent to Rs 22.33 crore in the quarter ended September 2020 as against Rs 5.78 crore during the previous quarter ended September 2019.
• Bajaj auto has reported an 18.8 percent year-on-year decline in September quarter standalone profit to Rs 1,138.2 crore.
• Asian paint net profit grew by 1.2 percent year-on-year to Rs 851.9 crore and revenue increased 5.9 percent YoY to Rs 5,350.2 crore in July-September period 2020.
• Sterlite technologies 63 percent year-on-year decline in consolidated net profit for the second quarter ended September 2020 at Rs 58.5 crore, hurt by lower revenue.
• Indian Bank on October 22 reported a 15% rise in net profit at Rs 412.28 cr for the second quarter ended September, despite increase in provisions for bad loans.
• Affle platforms recognised as top performers in AppsFlyer Performance Index.
• Munjal Auto Industries has received reaffirmation in credit ratings for bank facilities and commercial paper from ICRA as mentioned : LT Bank facilities - ICRA AA-; Stable, ST Bank facilities - ICRA A1+, Commercial paper - ICRA A1+
• Syngene International has registered a 34.3% decline in consolidated net profit to Rs 84 cr during the quarter ending September 2020 (Q2FY21), compared to a profit of Rs 128 cr in the corresponding period of the previous year.

Equitas Small Finance Bank Limited IPO subscribed 1.95 times and Retail part subscribed 2.08 times on final day

The initial public offer (IPO) of Equitas Small Finance Bank Limited subscribed 1.95 times on Thursday the final day of the offering data from stock exchanges show.

Equitas Small Finance Bank Limited had set a price band of Rs 32-33 per share and the IPO closed on 22nd October.

The portion of shares reserved for non institutional investors was subscribed 0.22 times, while shares reserved for retail investors was subscribed 2.08 times.

Stock Market Trade Setup for October 22 : Things to know

On October 21, BSE Sensex was up 162.94 points to close at 40,707.31 while the NSE Nifty50 gained 40.85 points at 11,937.65 and formed bearish candle on the daily charts but extending the winning streak into the fourth consecutive session. In stock market, metals, realty and auto sectors look attractive for the medium-term and banking, IT sectors can be traded for shorter periods.

According to pivot charts, Pivot point for market is 11,910.68. The key support levels for the Nifty is placed at 11,802.72, followed by 11,667.78. If the index moves up, the key resistance levels to watch out for are 12,045.62 and 12,153.58.

Day High - 12,018.65          Day Low - 11,775.75           Market Close - 11,937.65

Pivot Point = (11,937.65+12,018.65+11,775.75) = 11,910.68

Support 1 = 2*11,910.68-12,018.65 = 11,802.72

Support 2 = 11,910.68- (12,018.65-11,775.75) = 11,667.78

Resistance 1 = 2*11,910.68-11,775.75 = 12,045.62

Resistance 2 = 11,910.68+ (12,018.65-11,775.75) = 12,153.58

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Bajaj Finserv reported an 18.06% decline in consolidated net profit at Rs 986.29 cr for the quarter ended September.
• The Board of Mangalore Refinery And Petrochemicals consider fund raising of up to Rs 5000 crore through issue of Non-convertible Debentures (NCDs).
• A fire incident occurred at Royal Enfields Transit Stockyard facility at Kukas, Jaipur in Eicher Motors.
• Dilip Buildcon Limited informed the exchanges regarding being declared as L-1 bidder for a project worth Rs 1,000.8 cr.
• Happiest Minds Technologies announced its partnership with Lakeside Software to provide Workplace Analytics, Asset Optimization, Artificial Intelligence Operations (AIOps) and Desktop Transformation services.
• Hindustan Zinc Surges after Profit Rises 43% In September Quarter.
• Ultratech cement consolidated revenue grew by 7.7 percent year-on-year to Rs 10,354 crore with volume growth at 18 percent YoY for the September quarter 2020.
• Colgate Palmolive Q2 profit up 12% and declares interim dividend of Rs 18 per share.

Equitas Small Finance Bank Limited IPO subscribed 0.67 times and Retail part subscribed 1.42 times on day 2

The initial public offer (IPO) of Equitas Small Finance Bank Limited subscribed 0.67 times on Wednesday the second day of the offering data from stock exchanges show.

Equitas Small Finance Bank Limited has set a price band of Rs 32-33 per share and the IPO closes on 22nd October.

The portion of shares reserved for non institutional investors was subscribed 0.05 times, while shares reserved for retail investors was subscribed 1.42 times.

Stock Market Trade Setup for October 21 : Things to know

On October 20, BSE Sensex was up 112.77 points to close at 40,544.37 while the NSE Nifty50 gained 23.75 points at 11,896.80 and formed bullish candle on the daily charts. Nifty failed to hold on to 11,900 towards the close of the trade. Most action was seen in realty, telecom, IT, consumer discretionary, and consumer durable stocks while oil & gas, public sector, energy and power stocks saw profit-taking.

According to pivot charts, Pivot point for market is 11,883.43. The key support levels for the Nifty is placed at 11,817.61, followed by 11,771.43. If the index moves up, the key resistance levels to watch out for are 11,929.61 and 11,995.43.

Day High - 11,949.25         Day Low - 11,837.25           Market Close - 11,896.80

Pivot Point = (11,896.80+11,949.25+11,837.25) = 11,883.43

Support 1 = 2*11,883.43-11,949.25 = 11,817.61

Support 2 = 11,883.43- (11,949.25-11,837.25) = 11,771.43

Resistance 1 = 2*11,883.43-11,837.25 = 11,929.61

Resistance 2 = 11,883.43+ (11,949.25-11,837.25) = 11,995.43

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Aavas Financiers board has approved plans to raise up to Rs 100 cr by issuing bonds on private placement basis.
• State-owned hydro power giant NHPC board approved a proposal to start merger of Lanco Teesta Hydro Power Ltd into the company.
• Indian Oil Corporation has issued 20000, 5.50% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (Series - XIX) of Rs.10,00,000 each aggregating to Rs 2000 crore on Private Placement basis on 20 October 2020.
• Drug firm Granules India reported a 70.82% rise in its consolidated net profit to Rs 163.63 cr for the second quarter ended September 30, mainly on account of robust sales.
• Cipla Limited has launched generic Nintedanib for the treatment of Idiopathic Pulmonary Fibrosis (IPF).
• Moody's Investors Service has placed Vedanta Resources Limited's B1 corporate family rating (CFR) under review for downgrade.
• Board of Directors of KIOCL Limited has unanimously approved a proposal for the buyback of 1.42 cr equity shares of the face value of Rs 10/- each.

Equitas Small Finance Bank Limited IPO subscribed 0.39 times and Retail part subscribed 0.85 times on day 1

The initial public offer (IPO) of Equitas Small Finance Bank Limited subscribed 0.39 times on Tuesday the first day of the offering data from stock exchanges show.

Equitas Small Finance Bank Limited has set a price band of Rs 32-33 per share and the IPO closes on 22nd October.

The portion of shares reserved for non institutional investors was subscribed 0.03 times, while shares reserved for retail investors was subscribed 0.85 times.

Stock Market Trade Setup for October 20 : Things to know

On October 19, BSE Sensex was up 448.62 points to close at 40,431.60 while the NSE Nifty50 gained 110.60 points at 11,873.05 and formed bullish candle on the daily charts. Most action was seen in banks, finance, public sector and oil & gas space while mild profit-taking was seen in auto, telecom, healthcare, and IT stocks. 

According to pivot charts, Pivot point for market is 11,863.90. The key support levels for the Nifty is placed at 11,829.55, followed by 11,786.05. If the index moves up, the key resistance levels to watch out for are 11,907.40 and 11,941.75.

Day High - 11,898.25         Day Low - 11,820.40          Market Close - 11,873.05

Pivot Point = (11,873.05+11,898.25+11,820.40) = 11,863.90

Support 1 = 2*11,863.90-11,898.25 = 11,829.55

Support 2 = 11,863.90- (11,898.25-11,820.40) = 11,786.05

Resistance 1 = 2*11,863.90-11,820.40 = 11,907.40

Resistance 2 = 11,863.90+ (11,898.25-11,820.40) = 11,941.75

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Britannia Q2 profit rises 23% to Rs 495 cr and revenue up 12% to Rs 3,419 cr.
• HDFC Lifes standalone profit after tax rose 5.6% in the quarter ending September (Q2FY21) to Rs 326 cr, compared to Rs 308.69 cr in the same period last year. Net premium income of the insurer in the second quarter rose 35% to Rs 10,045 cr, compared to Rs 7,453.68 cr in the year ago period.
• ACC Ltd has reported a 19.8% year-on-year (YoY) growth in consolidated profit after tax at Rs 364 cr during the July-September quarter, as against Rs 303 cr during the same period last year.
• Life Insurance Corporation of India (LIC) increased stake in private sector lender Kotak Mahindra Bank during the September quarter. LIC held 6.29 cr shares, or 3.18%, stake in Kotak Mahindra Bank as of September 30 against 4.85 cr or 2.45% stake earlier.
• CSB Bank net profit at Rs 68.9 cr at the end of the September quarter on the back of strong asset growth.
• Hatsun Agro Product on board has approved a bonus share issue in the ratio of 1:3.
• Cosmo Films board on October 19 consider a share buyback on October 26.

Stock Market Trade Setup for October 19 : Things to know

On October 16, BSE Sensex was up 254.57 points to close at 39,982.98 while the NSE Nifty50 gained 82.10 points at 11,762.50 and formed a small-bodied bullish candle on the daily charts. Stock market rebounded after around 2.5 percent loss seen in the previous session and closed seventh of a percent higher on October 16, led by banking and financials, metals and pharma stocks.

According to pivot charts, Pivot point for market is 11,740.02. The key support levels for the Nifty is placed at 11,690.27, followed by 11,618.03. If the index moves up, the key resistance levels to watch out for are 11,812.27 and 11,862.03.

Day High - 11,789.75         Day Low - 11,667.85          Market Close - 11,762.45

Pivot Point = (11,762.45+11,789.75+11,667.85) = 11,740.02

Support 1 = 2*11,740.02-11,789.75 = 11,690.27

Support 2 = 11,740.02- (11,789.75-11,667.85) = 11,618.03

Resistance 1 = 2*11,740.02-11,667.85 = 11,812.27

Resistance 2 = 11,740.02+ (11,789.75-11,667.85) = 11,862.03

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in the news

• L&T Investment Management cut its stake in CARE Ratings to 3.18 percent from 5.18 percent earlier.
• Abbakus Growth Fund through Abakkus Emerging Opportunities Fund-1 acquired 6.45 percent stake in Acrysil.
• IIFL Securities reported profit at Rs 50.92 crore in Q2FY21 against Rs 24.85 crore and revenue rose to Rs 201.9 crore from Rs 173.7 crore YoY.
• Varun Mehta has tendered resignation from the position of the CFO in Sadbhav Infrastructure Project. The company received Provisional Completion Certificate for its subsidiary Sadbhav Udaipur Highway Private Limited.
• Morgan Stanley Asia (Singapore) PTE- ODI name appeared in September shareholding pattern with 1.23 percent stake in Polyplex Corporation.
• Tinplate Company reported profit at Rs 16.07 crore in Q2FY21 against Rs 12.67 crore YoY and revenue fell to Rs 531.5 crore from Rs 538.4 crore YoY.

Britannia Industries, HDFC Life Insurance Company, L&T Technology Services, ACC, Century Textiles, CSB Bank, Borosil Renewables, Hatsun Agro Product, Bank of Maharashtra, Rallis India, Sagarsoft (India), Shish Industries, Skipper, Smruthi Organics, Sumeru Industries, Tata Metaliks, Texmaco Infrastructure, Texmaco Rail, Titan Biotech, Titan Securities and Chemo Pharma Laboratories will announce quarterly results on October 19.

Equitas Small Finance Bank Limited IPO opens on Oct 20, 2020 for subscription

               You can apply on click on Link

Equitas SFB were the largest SFB in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits in Fiscal 2019. As on 30th Sep 2019, it has the largest distribution channel among Small Finance Banks (SFBs) including 853 Banking Outlets and 322 ATMs in India across 15 states and union territories. Equitas SFB have been able to successfully diversify our loan portfolio and significantly reduce our dependence on our microfinance business as compared to other microfinance companies that have converted to SFBs. Equitas SFB offer a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Equitas SFB strength lies in promoting financial inclusion within these segments, with group beginning operations in 2007 and NBFC providing microfinance loans through EMFL. Equitas SFB have been providing housing finance since 2011 through EHFL. Equitas SFB have also been providing vehicle finance and MSE finance through the Erstwhile NBFC that received its asset finance license in 2012, primarily to economically disadvantaged households. While business model has transitioned over the years, the provision of sustainable credit to unserved and underserved segments has remained our core focus.

Equitas SFB have witnessed significant growth in our business, and in Fiscal 2019 had a market share of 16% in terms of assets under management in India. Equitas SFB Gross Advances have grown from Rs 79,370.55 million as of March 31, 2018 to Rs 117,028.49 million as of March 31, 2019 and was Rs 153,669.37 million as of March 31, 2020, and Rs 155,729.14 million as of June 30, 2020. Of Gross Advances secured advances constituted 66.33% as of March 31, 2018, 70.72% as of March 31, 2019, and increased to 75.39% as of March 31, 2020 and further increased to 75.75% as of June 30, 2020.

Promoters Detail 

EHL is the Promoter of our Bank. Our Promoter currently holds an aggregate of 1,005,943,363 Equity Shares together with its nominees, aggregating to 95.49% of the pre-Offer issued, subscribed and paid-up Equity Share capital of our Bank.

Financials Results  ( In Millions )

Particulars Financial Year                    Mar. 2020            Mar. 2019             Mar.2018 

Revenue from operations                     29,277.95            23,948.32             17,729.03 

 

Profit after tax                                      2,436.35              2,105.66                  318.31 

IPO Detail 

IPO Date - Oct 20, 2020 - Oct 22, 2020

Issue Size -  Eq Shares of Rs 10 (aggregating up to Rs 518.00 Cr) 

Offer for Sale -  Eq Shares of RS 10 (aggregating up to Rs 280.00 Cr) 

IPO Price - Rs 32 to Rs 33 per equity share 

Market Lot - 450 Shares ( Min Order quantity ) 

Maximum Order Quantity for Retail -5850 Shares ( 13 Lots ) 

Finalisation of Basis of Allotment - Oct 27, 2020 

Initiation of Refunds - Oct 28, 2020 

Credit of Shares to Demat Account - Oct 29, 2020 

IPO Shares Listing Date - Nov 02, 2020 

Investors Portion and Basis of Allotment

Category	Percentage of Offer size	Basis of Allotment
QIB	Not More than 50%	Proportionate
NII	Not less than 15%	Proportionate
Retail	Not less than 35%	Minimum 1 lot to each investor, subject to availability.
Employee	Not More than 5% of the post-offer paid-up equity share capital	Proportionate
Shareholders	Not More than 10%	Proportionate