Equitas is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels. Equitas is one of the largest small finance bank in India.
Edelweiss acted as the Book Running Lead Manager (BRLM) for the issue. Edelweiss was the only common banker to both the IPOs by the Equitas Group (Equitas Holdings – Apr’ 16 and now the Equitas SFB IPO). Edelweiss led the positioning efforts, highlighting the Bank’s core strength with focus on serving the the financially unserved and underserved customer segments in India.