The initial public offer (IPO) of Equitas Small Finance Bank garnered nearly two times subscription. The institutional investor portion was subscribed 3.8 times, while the retail investor portion was subscribed 2 times. Wealthy investors gave the IPO a miss with the high networth individual (HNI) portion garnering just 0.23 times subscription.
The company had earlier allotted shares worth Rs 139 crore to 35 anchor investors. The IPO comprised a fresh issue of Rs 280 crore and an offer for sale of 7.2 crore equity shares. The company had priced the IPO between Rs 32-33 per ...
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