Equitas Holdings Limited which had tapped the capital market with its fresh issue for Rs 720 crs and a secondary offering for Rs 1,455 crs in a price band of Rs 109-110 was oversubscribed. The company received excellent response in all the three buckets and garnered commitments of over Rs 37,000 crs against the required amount of Rs 2,175 crs.

QIB’s subscribed their bucket 14.93 times while HNI’s who apply through leveraged funding subscribed their bucket a massive 57.29 times. Retail bucket was subscribed 1.40 times and received 5,82,000 applications. On the basis of number of applications the retail portion of the issue is subscribed 1.1 times which means that roughly 10 out of 11 applicants would be allotted one lot or 135 shares.

The company is in the microfinance business and 53% of its assets under management are from this space. It is also into vehicle finance and home loan. More than half its business comes from Tamil Nadu.

The company has also been given a small finance bank licence and it is in the process of converting itself into one.

Details of the subscription are given below: –