Objectives:
Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
1. Offer for Sale
Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue 
Investment in our Subsidiaries to augment their capital base to meet their future capital requirements arising out of growth in the business; and General Corporate Purposes.
3. Investment in our Subsidiaries to augment their capital base to meet their future capital requirementsarising out of growth in our business (the “Investment”)
4. General Corporate Purposes.
Business Description :
Incorporated in June 2007, Equitas Holdings Ltd is Chennai based financial services provider focused on individuals and micro and small enterprises (MSEs). Equitas offers services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels.
Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India.
Equitas offer a range of financial products and services including:
1. Microfinance
Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. Company is fifth largest microfinance company in India in terms of gross loan portfolio.
2. Vehicle Finance
3. Micro and Small Enterprise (MSE) Finance
Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises.
4. Housing Finance
Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. A majority of its micro-housing finance loan accounts represented cross sales to eligible higher income microfinance customers with a satisfactory track record.
Company Financials:
| Particulars |
For the year/period ended (in Rs. Million) |
| |
31-Mar-15 |
31-Mar-14 |
31-Mar-13 |
31-Mar-12 |
31-Mar-11 |
| Total Liabilities |
9,570.60 |
6,325.96 |
4,362.99 |
2,975.98 |
9,686.04 |
| Total Assets |
9,570.60 |
6,325.96 |
4,362.99 |
2,975.98 |
9,686.04 |
| Total Revenue |
89.17 |
28.84 |
26.85 |
15.45 |
2,381.47 |
| Profit After Tax (PAT) |
16.86 |
4.74 |
10.57 |
(63.53) |
300.91 |
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