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Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share

19 Feb 2022 Evaluate

Equitas Small Finance Bank has fixed the price for its proposed Qualified institutional placement (QIP) issue at Rs 53.59 per share. The committee determined and approved the issue price of Rs 53.59 per equity share, which takes into account a discount of 4.98 per cent to the floor price of Rs 56.40 per equity share.

Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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