Equitas Small Finance Bank IPO: Near-term risks may limit listing gains

The shares of Equitas Small Finance Bank IPO will be available in the lots of 450 and the price band has been fixed between Rs 32 - 33 per share

After two hiatuses, the initial public offer (IPO) of Equitas Small Finance Bank is set to open on Tuesday, October 20 with a price band of Rs 32-33 per share. At the upper price limit, the bank intends to raise up to Rs 517.6 crore to augment its tier-I capital base to meet the future capital requirement.

Equitas SFB had earlier planned to raise Rs 1,000 crore through the IPO, but later reduced the size due to its “comfortable capital adequacy ratio” and “in view of the current market condition”.

The book-building IPO will include fresh issue of shares aggregating