Equity Small Finance Bank
Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas Holding as a micro finance lender in India with its headquarter in Chennai and received its licence on 30th Jun 2016.
Equitas Small Finance bank files Draft Papers on Jan 6, 2020 for Rs. 976 Cr. Initial Public offering.
IPO will be consisted of two parts :
- Fresh Issue – Rs. 800 Cr.
- Offer for Sale (OFS) – Rs. 176.2 Cr.
The Bank may also consider and go for a Pre-IPO Placement of Rs. 300 Cr. and the amount raised will be reduced from Fresh Issue amount.
The basic objects of issue will be to augment bank’s tier-I capital and to meet future capital requirements.
The issue is managed by IIFL Securities, ICICI Securities, Axis Capital, Edelwiss Financial Services.
|Rs. in ‘cr.’|
|Net Interest Income||1151.74||860.54||533.89|
Check and Download Equitas Small Finance Bank’s Financials and Annual report