Equitas Holdings IPO to open on April 5
The company is expected to raise an estimated Rs 2,000 crore through the IPO
 "Equitas Holdings IPO to open on April 5")
The initial public offering (IPO) of Equitas Holdings would open on April 5 and close on April 7, the company said on Monday.
The firm, which has a licence for a small finance bank, is reportedly planning to raise Rs 2,000 crore.
The firm, which has a licence for a small finance bank, is reportedly planning to raise Rs 2,000 crore.
The price band is Rs 109-110 per equity share having a face value of Rs 10. The floor price is 10.9 times the face value and the cap price is 11 times the face value.
The IPO consists of a fresh issue of shares aggregating Rs 720 crore and an offer for sale of equity shares held by P N Vasudevan, managing director of the company, and private equity shareholders. These include International Finance Corporation, Nederlandse Financierings, Aavishkaar Goodwell India Microfinance Development Company, and Helion Venture Partners, among others.