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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augmenting Capital Base
Utilising the fresh issue proceeds to augment the Bank's Tier I capital base to meet future capital requirements and regulatory norms.
(₹ in Crore)
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Equitas Small Finance Bank Limited is a leading Indian small finance bank offering a comprehensive range of banking services, including microfinance, small business loans, vehicle finance, housing loans, MSE loans, and retail deposit products. The bank focuses primarily on serving the unserved and underserved segments of society, empowering micro and small enterprises, self-employed individuals, and low-income households. Incorporated in 2016 following the conversion of its parent microfinance institution, the bank has built a widespread distribution network comprising over 850 banking outlets and more than 320 ATMs across 17 states and union territories in India. Its asset product portfolio is diversified across small business loans (secured against property), vehicle loans (used and new commercial vehicles), microfinance loans, and corporate loans. The bank's strategic growth priorities center on expanding its retail deposit base, enhancing digital banking channels, maintaining robust asset quality through disciplined underwriting, and lowering cost of funds to drive sustainable net interest margins.
Equitas Small Finance Bank raised ₹139.68 crore from 35 anchor investors on October 19, 2020, allocating 4,23,27,271 equity shares at ₹33 per share. Key participants included ICICI Prudential Life, HDFC Life Insurance, SBI Mutual Fund, and Nomura Funds.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 3:12 PM
Strong Market Position in SFB Segment
Operates as one of India's largest small finance banks with a diversified loan portfolio spanning microfinance, vehicle finance, and small business loans.
Extensive Pan-India Branch Network
Maintains a wide distribution footprint with over 850 banking outlets across 17 states and union territories, enabling deep market penetration.
Growing Retail Deposit Base
Consistently expands its retail CASA deposit base to lower overall funding costs and improve liquidity metrics.
Focus on Financial Inclusion
Demonstrates strong credit underwriting capabilities tailored for unserved and underserved customer segments in semi-urban and rural regions.
Asset Quality Risks in Microfinance
Exposed to credit default risks in unsecured microfinance and informal sector small-business loans.
Regional Concentration
Generates a significant portion of its total advances from Tamil Nadu and South India, exposing earnings to regional economic disruptions.
Interest Rate and Regulatory Sensitivity
Subject to RBI capital requirements, interest-rate swings, and stringent regulatory mandates governing small finance banks.
Equitas Small Finance Bank Limited
4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai - 600 002, Tamil Nadu, India
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