- Equitas Small Finance Bank is a small finance bank founded in 2007 as a microfinance lender, with headquarters in Chennai, India.
- It began banking in September 2016 after receiving RBI approval.
- The Issue price of IPO was Rs.33 at P/E ratio of around 13.5.
- Stock was valued at 1.3 times price to book value at issue price.
- The share was listed at 6.06 per cent discount to issue price i.e. at Rs.31 on opening day.
Acknowledgements: RBI Bulletin (www.bulletin.rbi.org.in), SEBI Bulletin (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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