Equitas Small Finance Bank shines on raising Rs 549.99 crore through QIP
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Equitas Small Finance Bank is currently trading at Rs. 57.35, up by 3.90 points or 7.30% from its previous closing of Rs. 53.45 on the BSE.
The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 58.50 and Rs. 54.00 respectively. So far 261731 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.75 on 12-Jul-2021 and a 52 week low of Rs. 45.35 on 23-Feb-2021.
Last one week high and low of the scrip stood at Rs. 58.50 and Rs. 52.45 respectively. The current market cap of the company is Rs. 7201.76 crore.
The promoters holding in the company stood at 81.36%, while Institutions and Non-Institutions held 13.52% and 5.12% respectively.
Equitas Small Finance Bank has raised Rs 549.99 crore through Qualified institutional placement (QIP) and allotted 10,26,31,087 equity shares of face value Rs 10 each to eligible Qualified Institutional buyers at the issue price of Rs 53.59 per equity share (including a premium of Rs 43.59 per equity share) and reflects a discount of Rs 2.81 (i.e. 4.98%) on the Floor Price of Rs 56.40 per equity share.
Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Bank stands increased to Rs 1251,39,13,630, comprising of 125,13,91,363 Equity Shares of face value of Rs 10 per Equity Share.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
