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IPO Synopsis

Equitas Small Finance Bank Ltd
Registered Office: 4th Floor Spencer Plaza Pha-II,No 769 Anna Salai (Mount Road) , Chennai - 600002 , Tamil Nadu , India.
Phone : 91-44-42995000   Fax:91-44-42995050
Email :  cs@equitasbank.com  
Website :  www.equitasbank.com
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 Money Payable On
Opens On Closes On Application Allotment
20-Oct-20 22-Oct-20 (Rs)33.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :450  Further Multiples of :450

  (Rs Cr) Lead Managers to the Issue
Project Cost 280.00 Edelweiss Financial Services Ltd
Project Financed through Current Offer 517.60  
Post Issue Equity Share Capital 1138.25  
Issue Price (Rs)33.00  
Projects
To Augment the Bank's Tier-1 Capital Base to meet the Bank's future capital requirements
Promoted By
Equitas Holdings Ltd  
Listing At
BSE 
NSE 
Registrar to the Issue
No Data Found.

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