 "Equitas Holdings ends 23% higher on debut")
Equitas Holdings, a leading player in microfinance segment, which made a strong debut on the bourses, ended up 23% at Rs 135 on the Bombay Stock Exchange. On the National Stock Exchange the stock ended at Rs 136.
The first IPO by a licence holder of a small finance bank saw heavy demand from all investor categories.
The company has raised about Rs 2,200 crore through IPO, was subscribed 17.24 times at a price band of Rs 109-110 per share. The 139-million share offering saw 2,396 million bids worth around Rs 26,200 crore.
Proceeds of the IPO will be used to fund business expansion plans, to meet working capital requirements and to repay loan and for other general corporate purposes.
The first IPO by a licence holder of a small finance bank saw heavy demand from all investor categories.
The company has raised about Rs 2,200 crore through IPO, was subscribed 17.24 times at a price band of Rs 109-110 per share. The 139-million share offering saw 2,396 million bids worth around Rs 26,200 crore.
Proceeds of the IPO will be used to fund business expansion plans, to meet working capital requirements and to repay loan and for other general corporate purposes.