Equitas Holdings (EHL) on Wednesday mentioned its subsidiary Equitas Small Finance Bank (ESFB) has filed its pink herring prospectus with the Registrar of Companies (RoC) for a Rs 280-crore IPO.

ESFB filed the papers on October 11, EHL mentioned in a regulatory submitting. The prospectus used to be taken on file through the RoC on October 13, it added.

According to the proposed be offering, the SFB will elevate the contemporary capital of as much as Rs 2,800 million, with promoter EHL set to promote as much as 7,20,00,000 fairness stocks, it mentioned.

The be offering duration for anchor buyers will likely be until at some point previous to the bid opening, i.e. October 19.

The bid/be offering opening date is October 20, whilst the remaining is about for October 22. The anticipated date of the checklist has been fastened for November 2.

Equity stocks aggregating as much as Rs 51 crore will likely be to be had for allocation to eligible EHL shareholders, the corporate mentioned.

Shares of Equitas Holdings closed at Rs 51.70 at the BSE, down 2.18 p.c from their earlier shut.

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