Among various investors’ categories, the issue was subscribed 15.05 times by qualified institutional buyers (QIB), 57.47 times by HNI-NII, 1.36 times by retail investors and 0.86 times by employees.
The initial public offering (IPO) of the Chennai-based small finance bank (SFB) closed with a bang today. The issue subscribed 17.28 times and collected over 26,800 crore as against expected over Rs. 2,000 crore.
Among various investors’ categories, the issue was subscribed 15.05 times by qualified institutional buyers (QIB), 57.47 times by HNI-NII, 1.36 times by retail investors and 0.86 times by employees.
This has been the first significant IPO by a BFSI in a long long time. Besides, Equitas’ IPO is the second largest only after InterGlobe Aviation’s Rs. 3,000 crore IPO in October 2015. With its issue size of over Rs. 2,000 crore, this is the first and only IPO of such a huge amount in CY16 and FY17. The IPO is the first in CY2016 and FY17 to collect over Rs. 25,000 crore so far.
The company has raised Rs. 650 crore from anchor investors by allotting 59.3 million shares at Rs. 110 per share. Post IPO, the holding of foreign investors in the company will come down to 35% from the current 93%.
Among various investors’ categories, the issue was subscribed 15.05 times by qualified institutional buyers (QIB), 57.47 times by HNI-NII, 1.36 times by retail investors and 0.86 times by employees.
This has been the first significant IPO by a BFSI in a long long time. Besides, Equitas’ IPO is the second largest only after InterGlobe Aviation’s Rs. 3,000 crore IPO in October 2015. With its issue size of over Rs. 2,000 crore, this is the first and only IPO of such a huge amount in CY16 and FY17. The IPO is the first in CY2016 and FY17 to collect over Rs. 25,000 crore so far.
The company has raised Rs. 650 crore from anchor investors by allotting 59.3 million shares at Rs. 110 per share. Post IPO, the holding of foreign investors in the company will come down to 35% from the current 93%.
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