Capital Small Finance Bank IPO Review & Recommendations

Capital SFB IPO Peer Comparison

Capital Small Finance Bank Limited peer comparison with similar listed entities. (As on March 31, 2023)

Notes:

• All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the annual reports/ financial results as available of the respective company for the year ended March 31, 2023, submitted to stock exchanges or on company's website as available.
• Basic EPS refers to the Basic EPS sourced from the annual report/ financial results of the respective company for the year ended March 31, 2023.
• NAV and P/BV for Capital Small Finance Bank Limited are determined as of September 30, 2023 on the basis of the upper price cap post IPO.
• Diluted EPS refers to the Diluted EPS sourced from the annual report/ financial results of the respective company for the year ended March 31, 2023.
• P/E Ratio has been computed based on the closing market price of equity shares on NSE on November 21, 2023 divided by the Basic EPS.
• RoNW is computed as net profit after tax divided by closing net worth as at March 31, 2023.
• Net worth has been computed as sum of share capital, reserves and surplus and employee stock options outstanding, as applicable.
• Net Asset Value is computed as the closing net worth divided by the equity shares outstanding as at March 31, 2023.