Opening Date 20 Oct 2020
Closing Date 22 Oct 2020
Minimum Quantity 450
Price Range 32 – 33
(D)RHP View
Apply Now Dont have an account, sign up now

Company Overview

Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India. After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank. However, the company missed on RBI's mandate of listing within 3 years of commencement of its operations. Review from the Securities and Exchange Board of India and RBI is awaited.

The bank planned to build a network of 412 branches located in 11 Indian states by the end of fiscal year 2016-17 However, the bank is heavily committed to technology, with 83% of transactions occurring online as of July 2017. This includes the bank providing an RFID sticker to pay road tolls automatically, with settlements occurring digitally

Apply for EQUITAS SMALL FINANCE BANK LIMITED IPO in three easy steps:


Login to InvestMentor IPO Portal


Enter your bid details and UPI ID


Accept mandate using your UPI enabled app