Hem Securities has come out with its report on Equitas Small Finance Bank. The research firm has recommended to ''Subscribe'' the ipo in its research report as on October 19, 2020
Hem Securities IPO report on Equitas Small Finance Bank
Bank was 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. Bank offer a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India. Bank’s strength lies in promoting financial inclusion within these segments, with Bank’s group beginning operations in 2007 as an NBFC providing microfinance loans through EMFL. Bank have been providing housing finance since 2011 through EHFL.
Valuation and Outlook
However looking after current market volaitility we recommend “Long term Subscribe” on the issue.
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