Equitas Small Finance Bank Ltd.

BSE: 543243 | NSE: EQUITASBNK
Small Cap | Bank - Private
78.55
-0.48 (-0.61%)
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Equitas Small Finance Bank gets SEBI’s nod to float IPO

Date: 03-03-2020

Equitas Small Finance Bank has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The offer consists of a fresh equity worth Rs 550 crore and an offer for sale of 8 crore equity shares. The shares of the bank are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting Tier I capital base and to meet future capital requirements. The book running lead managers to the issue are JM Financial , Edelweiss Financial Services and IIFL Securities.

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