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Capital Small Finance Bank IPO is a book build issue of ₹523.07 crores. The issue is a combination of fresh issue of 0.96 crore shares aggregating to ₹450.00 crores and offer for sale of 0.16 crore shares aggregating to ₹73.07 crores.
Capital Small Finance Bank IPO bidding started from Feb 7, 2024 and ended on Feb 9, 2024. The allotment for Capital Small Finance Bank IPO was finalized on Feb 12, 2024. The shares got listed on BSE, NSE on Feb 14, 2024.
Capital Small Finance Bank IPO price band is set at ₹468.00 per share . The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,240 (32 shares). The lot size investment for sNII is 14 lots (448 shares), amounting to ₹2,09,664, and for bNII, it is 67 lots (2,144 shares), amounting to ₹10,03,392.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Capital Small Finance Bank IPO RHP for detailed Information.
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | February 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹445 to ₹468 per share |
| Issue Price Final | ₹468 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,11,76,713 shares (aggregating up to ₹523.07 Cr) |
| Fresh Issue | 96,15,384 shares (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 15,61,329 shares of ₹10 (aggregating up to ₹73.07 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,53,50,636 shares |
| Share Holding Post Issue | 4,49,66,020 shares |
Capital SFB IPO offers total 1,11,76,713 shares. Out of which 55,88,356 (50.00%) allocated to QIB, 22,35,343 (20.00%) allocated to QIB, 16,76,507 (15.00%) allocated to NII, 39,11,850 (35.00%) allocated to RII and 33,53,013 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 55,88,356 (50.00%) | NA |
| − Anchor Investor Shares Offered | 33,53,013 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 22,35,343 (20.00%) | NA |
| NII (HNI) Shares Offered | 16,76,507 (15.00%) | NA |
| − bNII > ₹10L | 11,17,671 (10.00%) | 2,494 |
| − sNII < ₹10L | 5,58,836 (5.00%) | 1,247 |
| Retail Shares Offered | 39,11,850 (35.00%) | 1,22,245 |
| Total Shares Offered | 1,11,76,713 (100.00%) |
Capital Small Finance Bank IPO raises ₹156.92 crore from anchor investors. Capital Small Finance Bank IPO Anchor bid date is February 6, 2024. Capital Small Finance Bank IPO Anchor Investors list
| Bid Date | February 6, 2024 |
| Shares Offered | 33,53,013 |
| Anchor Portion Size (In Cr.) | 156.92 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 12, 2024 |
Capital Small Finance Bank IPO opens on February 7, 2024, and closes on February 9, 2024.
| IPO Open Date | Wed, Feb 7, 2024 |
| IPO Close Date | Fri, Feb 9, 2024 |
| Tentative Allotment | Mon, Feb 12, 2024 |
| Initiation of Refunds | Tue, Feb 13, 2024 |
| Credit of Shares to Demat | Tue, Feb 13, 2024 |
| Tentative Listing Date | Wed, Feb 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 9, 2024 |
Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,976 |
| Retail (Max) | 13 | 416 | ₹1,94,688 |
| S-HNI (Min) | 14 | 448 | ₹2,09,664 |
| S-HNI (Max) | 66 | 2,112 | ₹9,88,416 |
| B-HNI (Min) | 67 | 2,144 | ₹10,03,392 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Capital Small Finance Bank Limited is a a small finance bank. In 2015, Capital SFB became the first non-NBFC microfinance entity to receive the SFB license. The company has a strong presence in semi-urban and rural areas with a branch-based operating model.
Capital Small Finance Bank targets middle-income customer segments with an annual income of ₹0.4-5 million. They aim to be the primary banker for these customers through a mix of product offerings, customer service, physical branches, and digital channels.
Capital Small Finance Bank is headquartered in Jalandhar, Punjab and has strategically expanded its SFB operations in northern states of India such as Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh and UT Chandigarh.
As of June 30, 2023, Capital Small Finance Bank had a presence in five states and one union territory, with a total of 172 branches and 174 ATMs. The bank's branches were predominantly located in rural and semi-urban areas, covering 24 districts, and serving approximately 75.90% of the total customers, both in terms of credit and deposits. This suggests that the bank has a well-defined niche catering to the middle-income group, with a special emphasis on rural and semi-urban areas.
As of March 31 and June 30, 2023, respectively, 99.82% and 99.84% of the bank's loan book was secured, with 85.16% and 84.66% of loans secured by immovable properties.
The average ticket size of Capital Small Finance Bank's agriculture, MSME and trading, and mortgage lending products as of March 31, 2023, were ₹ 1.23 million, ₹ 1.82 million, and ₹ 1.16 million respectively.
As of June 30th, 2023, Capital Small Finance Bank has a total of 1827 employees working for the organization.
Capital Small Finance Bank Limited's revenue increased by 14.72% and profit after tax (PAT) rose by 49.59% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,390.69 | 7,990.77 | 7,153.92 | 6,371.24 |
| Total Income | 415.22 | 725.48 | 632.40 | 557.27 |
| Profit After Tax | 54.39 | 93.60 | 62.57 | 40.78 |
| Net Worth | 711.76 | 610.61 | 515.78 | 450.79 |
| Reserves and Surplus | 676.41 | 576.36 | 481.74 | 416.88 |
| Total Borrowing | 572.76 | 721.38 | 498.43 | 616.72 |
| Amount in ₹ Crore | ||||
The market capitalization of Capital Small Finance Bank IPO is ₹2104.41 Cr.
| KPI | Values |
|---|---|
| ROE | 16.45% |
| Debt/Equity | 0.95 |
| RoNW | 15.33% |
| Price to Book Value | 1.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 26.48 | 24.19 |
| P/E (x) | 17.68 | 19.35 |
[Dilip Davda] This small finance bank is currently north region centric financial service provider and mulls Pan India presence in coming years with expansion of branch network. For the reported periods, it posted steady growth in top and bottom lines. Based on FY24 annualized earnings, it appears aggressively priced issue. Well-informed investors may park funds for the long term rewards. Read detail review...
| Listing Date | February 14, 2024 |
| BSE Script Code | 544120 |
| NSE Symbol | CAPITALSFB |
| ISIN | INE646H01017 |
| Final Issue Price | ₹468 per share |
| BSE Listing Group | B |
Capital Small Finance Bank Ltd.
MIDAS Corporate Park, 3rdFloor,
37, G.T. Road,
Jalandhar 144 001,
Jalandhar, Punjab
Phone: +91 181 5051111
Email: cs@capitalbank.co.in
Website: https://www.capitalbank.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: capitalsfb.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Capital Small Finance Bank IPO is a main-board IPO of 1,11,76,713 equity shares of the face value of ₹10 aggregating up to ₹523.07 Crores. The issue is priced at ₹468 per share. The minimum order quantity is 32.
The IPO opens on February 7, 2024, and closes on February 9, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Capital Small Finance Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Capital Small Finance Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Capital Small Finance Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Capital Small Finance Bank IPO opens on February 7, 2024 and closes on February 9, 2024.
Capital Small Finance Bank IPO lot size is 32, and the minimum amount required for application is ₹14,976.
You can apply in Capital Small Finance Bank IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Capital Small Finance Bank IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 13, 2024. Check the Capital Small Finance Bank IPO allotment status.
The Capital Small Finance Bank IPO listing date is on Wednesday, February 14, 2024.
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