Equitas Small Finance Bank files DRHP with SEBI for IPO

Equitas Small Finance Bank has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,000 crore through an Initial Public Offering (IPO). The shares of the bank are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting Tier I capital base and to meet future capital requirements. The book running lead managers to the issue are JM Financial , Edelweiss Financial Services and IIFL Securities.

Equitas offers personalised services and helps finds the right product to suit individual banking requirements for their savings.

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