 "Equitas Holdings: Risk-reward favourable")
Equitas Holdings (EHL) has appointed JM Financial, Edelweiss, and IIFL to handle the IPO of Equitas Small Finance Bank (ESFB), according to people in the know.
The firm is targeting an issue size of Rs 1,500-2,000 crore and may file its offer document with the Securities and Exchange Board of India (Sebi) in a few weeks, said the people.
The EHL stock has slid 12 per cent to Rs 102.9 on the BSE since September 13. A listing could create a pricing discount for the holding firm as well as result in possible dilution for existing shareholders of EHL.
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