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Coming Soon: A Deluge Of Bank IPOs

The Hindu Business Line

|

February 28, 2020

Small finance banks expected to tap the capital market with IPOs aggregating up to ₹6,000 crore

- K Ram Kumar / Surabhi

Coming Soon: A Deluge Of Bank IPOs

There will be a rush of initial public offers (IPOs) from niche banks in the next six to nine months. Six small finance banks (SFBs) are expected to tap the capital market with IPOs aggregating up to ₹6,000 crore.

The SFBs – Equitas (commenced operations in September 2016), ESAF (March 2017), Fincare (July 2017), Suryoday (January 2017), Utkarsh (January 2017) and Jana (March 2018) – have firmed up listing plans.

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