You are here: Home » News-CM » Companies » News
Business Standard

Details of RHP filed by Equitas Small Finance Bank for proposed IPO

Capital Market 

Equitas Holdings announced that its subsidiary Equitas Small Finance Bank filed the Red Herring Prospectus (RHP) with the Registrar of Companies, Chennai, Tamil Nadu (ROC) in connection with the Offer.

The RHP has been taken on record by the ROC on 13 October 2020.

The details and timelines for the proposed Offer are as under:

Fresh Issue - Upto Rs 280 crore Offer for Sale by EHL - Upto 72,000,000 Equity Shares EHL Shareholder Reservation Portion - Equity shares aggregating upto Rs 51 crore available for allocation on a proportionate basis to Eligible EHL Shareholders i.e. those individuals and HUFs who are the public equity shareholders of EHL (excluding such persons who are not eligible to invest in the Offer under applicable laws, or are otherwise unable to make any such investment strictly in accordance with the terms of, and restrictions specified in, the RHP) as on the date of the red herring prospectus i.e. 11 October 2020. Anchor investor Bid / Offer period - One working day prior to the Bid / Offer opening date i.e. 19 October 2020 Bid/Offer Opening Date 20 October 2020 Bid/ Offer Closing Date 22 October 2020 Expected Date of Listing 02 November 2020

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 14 2020. 16:51 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU