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Equitas SFB IPO subscribed 40% on stock market debut on Tuesday

A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors

Topics
Equitas SFB | initial public offerings IPOs

BS Reporter 

IPO, initial public offering
ESFB, a subsidiary of Equitas Holdings, has fixed the price band for the IPO at Rs 32-33 per share

Equitas Small Finance Bank’s (ESFB) initial public offering (IPO) was subscribed 40 per cent on Tuesday.

A day earlier, the Chennai-based firm had allotted shares worth Rs 140 crore to anchor investors. ESFB will issue Rs 280 crore worth of fresh equity in the IPO. The issue also comprises of secondary share sale worth Rs 237 crore.

ESFB, a subsidiary of Equitas Holdings, has fixed the price band for the IPO at Rs 32-33 per share. At the upper end, the company is valued at 1.26 times its adjusted book value.

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First Published: Wed, October 21 2020. 01:15 IST
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