Equitas Small Finance Bank Ltd files DRHP for IPO


Mumbai, Dec 17 (GCBusiness) Equitas Small Finance Bank Limited (ESFB) has filed its DRHP with SEBI for the proposed Initial Public Offering (IPO) of its equity shares.

ESFB is proposing to undertake an initial public offering of equity shares of face value of Rs10 each of ESFB comprising a fresh issue of Equity Shares by ESFB aggregating up to Rs 5,500 million and an offer for sale of up to 80,000,000 equity shares by Equitas Holdings Limited, in accordance with the Companies Act, 2013, and rules made thereunder, each as amended, the Securities and Exchange of India , Regulations, 2018 as amended and other applicable laws at such price as may be determined in consultation with the book running lead managers to the Offer, namely JM Financial Limited, Edelweiss Financial Services Limited and IIFL Securities Limited and through the book building process under SEBI ICDR Regulations.

The Offer includes a reservation of Equity Shares aggregating upto Rs 1,000 million for subscription by Eligible EHL Shareholders as defined in the DRHP and a reservation of Equity shares aggregating upto Rs 50 million by Eligible Employees of ESFB and EHL. The offer is subject to receipt of requisite approvals, market conditions and other considerations.

Via UNI-India

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