Left Menu
Development News Edition

Equitas Small Finance Bank IPO subscribed nearly 2 times

The initial public offer of Equitas Small Finance Bank was subscribed 1.95 times on the last day of bidding on Thursday. The Rs 517-crore IPO received bids for 22,57,94,250 shares against 11,58,50,001 shares on offer, according to data available with the NSE. The qualified institutional buyers (QIBs) category was subscribed 3.91 times, non-institutional investors category 22 per cent and retail individual investors category was subscribed 2.08 times.

PTI | New Delhi | Updated: 22-10-2020 20:54 IST | Created: 22-10-2020 20:54 IST
Equitas Small Finance Bank IPO subscribed nearly 2 times

The initial public offer of Equitas Small Finance Bank was subscribed 1.95 times on the last day of bidding on Thursday. The Rs 517-crore IPO received bids for 22,57,94,250 shares against 11,58,50,001 shares on offer, according to data available with the NSE.

The qualified institutional buyers (QIBs) category was subscribed 3.91 times, non-institutional investors category 22 per cent and retail individual investors category was subscribed 2.08 times. The initial public offer, which opened for bidding on Tuesday, comprises a fresh issue of Rs 280 crore and an offer for sale of 7,20,00,000 shares.

The price range for the IPO has been fixed at Rs 32-33 per share. Equitas Small Finance Bank has raised Rs 139.68 crore from anchor investors.

JM Financial, IIFL Securities and Edelweiss Financial Services are managing the offer. Shares of the company are proposed to be listed on BSE and NSE.


  • READ MORE ON:
  • Rs

TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Bayern, Man City win to advance to Champions League last-16

After the Champions League paused to pay tribute to Diego Maradona, defending champion Bayern Munich and Manchester City won to advance to the knockout rounds. The Argentina greats death was announced two hours before the first games kicked...

GRAPHIC-Cyclone Nivar tears down power lines, trees in India; no casualties

A severe cyclone slammed into Indias southern coast early on Thursday, uprooting trees and power lines but there were no immediate reports of loss of life or extensive damage to property.Cyclone Nivar made landfall near the city of Puducher...

Maradona was maestro of football, his untimely demise has saddened us all: PM Modi

Diego Maradona was a maestro of football and his untimely demise has saddened us all, said Prime Minister Narendra Modi on Thursday as he expressed grief at the passing away of the Argentine legend. Maradona passed away on Wednesday after s...

U.S. food banks short of holiday volunteers due to coronavirus

Coronavirus fears are stripping U.S. soup kitchens, food banks and charities - normally teeming with volunteers during the holiday season, starting with Thanksgiving Day on Thursday - of helping hands to feed the hungry.A food bank in the ...

Give Feedback