Equitas Small Finance Bank, offers range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segment

Key Deal Highlights

• Deal was completed amidst volatile market conditions with indices witnessing one of the largest fall in a single session on the day of launch
• Consistent engagement with the investors aided in generating strong interest and procuring disproportionate demand in QIP
• Issue witnessed robust demand from long only funds including marquee FIIs with book over-subscribed by ~1.7x of the deal size
• Through this deal, Equitas SFB was able to achieve Minimum Public Shareholding requirement in a timely manner
• QIP reiterated SBI Capital Markets leadership position in the BFSI sector and opened the capital markets for Small Finance Banks