Equitas SFB lists at Rs 31 against issue price of Rs 33 per share

The initial public offer (IPO) of Equitas Small Finance Bank was subscribed nearly two times.

Equitas Small Finance Bank made a weak debut at the bourses as shares of the company listed at Rs 31, 6 per cent lower against the issue price of Rs 33 per share on the BSE on Monday.

At 10:01 am, the stock was trading 6.5 per cent lower at Rs 30.85, after hitting a low of Rs 30.10 in intra-day so far. It touched a high of Rs 31.45 on the BSE, the exchange data shows. Around 381,000 equity shares changed hands on the counter on the BSE.

The initial public offer (IPO) of Equitas Small Finance