EQUITAS SMALL FINANCE BANK -IPO AT PRICE BAND OF Rs.32-33.

 Equitas  Small Finance Bank,a subsidiary of  Equitas Holdings, is

coming out with an IPO at a price band of Rs.32-33.The Issue consists

of fresh issue of Rs.280 crores  & an offer for sale upto 72 million equity

shares by Equitas Holdings,will be open for anchor investors on October,19

and for all other investors between October,20 - 22.

Addressing  the virtual press conference for the IPO,Mr.P.N.Vasudevan,

MD & CEO of the bank said that leveraging the existing network of branches

& reducing cost -income ratio will be the major areas of focus for the bank

in the medium term.

The bank was founded in 2017 as a Micro Finance Lender with Head Quarters

in Chennai.Started Banking operations in 2016.The Bank has 856 banking

outlets,operating in 15 states in the country with 15843 bankers at service.