Equitas Small Finance Bank Ltd

JM Financial Ltd

Initial public offer of up to [*] equity shares of face value of Rs. 10 each (equity shares) of Equitas Small Finance Bank Limited (Bank or Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. [*] crores (the offer) comprising of a fresh issue of up to [*] equity shares aggregating up to Rs. 280.00 crores (the fresh issue) and an offer for sale of up to 72,000,000 equity shares by Equitas Holdings Limited (the promoter selling shareholder, and such equity shares the offered shares) aggregating up to Rs. [*] crores (the offer for sale). The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. 51.00 crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible EHL shareholders (EHL shareholder reservation portion) and a reservation of up to [*] equity shares, aggregating up to Rs. 1.00 crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (the employee reservation portion). The offer less the EHL shareholder reservation portion and the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the Bank. Price Band: Rs. 32 to Rs. 33 per equity share of face value of Rs. 10 each.The Floor price is 3.2 times of the face value and the cap price is 3.3 times of the face value of the equity shares.

  • Issue

    • Opens On20 Oct 2020
    • Closes On22 Oct 2020
  • Money Payable On

    • Application33
    • Allotment0
  • Project Cost (Cr.)280
  • Post Issue Equity Share Capital (Cr.)1138.25
  • Issue Price (D)33

Further Multiples of: 450

Projects

  • Promoted By
    • Listing AtNSE
    • Registrar to the Issue - KFin Techologies Pvt Ltd

    4th Floor Spencer Plaza Pha-II No 769 Anna Salai (Mount Road) Chennai

    Tamil Nadu- 600002

    Phone - 91-44-42995000

    Fax - 91-44-42995050

    Email - secretarial@equitas.in

    Website - www.equitasbank.com

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