Equitas Holdings is a diversified financial services company, catering to self-employed individuals and the micro & small enterprise (MSE) segment. It has three subsidiaries for its micro finance (under Equitas Microfinance), vehicle finance and MSE loans (Equitas Finance) and home loan (Equitas Housing Finance) businesses. The IPO consists of fresh funds as well Offer for sale totaling Rs 2176.68 crore (at the higher price band). Out of the fresh funds, Rs 616 crore will be utilized by the company to invest in subsidiaries, namely, EFL (vehicle finance and MSE finance businesses), EMFL (microfinance business) and EHFL (housing finance business), to augment their capital base to meet their future capital requirements arising out of growth in our business. Over the years, Equitas has built a brand for itself, particularly in the microfinance business and was the 5th largest microfinance company in India in terms of...