Can you tell me about the proposed IPO of Equitas Small Finance Bank?
Answer
Answer
Equitas Small Finance Bank, a subsidiary of Equitas Finance, has filed red herring prospectus or RHP with the Registrar of Companies for an IPO intended to raise Rs 280 crore. The promoter will sell 7.20 crore shares of Equitas Small Finance Bank to the public.
The issue will be open for anchor investors on October 19. The actual IPO will open on October 20 and will close on 22 October. The stock is proposed to be listed on the exchanges on November 02