Bookbuilding IPO | ₹523 Cr | Listed at BSE, NSE | Wed, Feb 7, 2024 - Fri, Feb 9, 2024
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 per share. The lot size for an application is 32. The minimum amount of investment required by an retail is ₹14,976 (32 shares) (based on upper price). 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 Open
Wed, Feb 7, 2024
IPO Close
Fri, Feb 9, 2024
Issue Price
₹468 per share
Market Cap (Pre-IPO)
₹2,104.41 Cr
| IPO Date | 7 to 9 Feb, 2024 |
| Listed on | Wed, Feb 14, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹445 to ₹468 |
| Issue Price | ₹468 per share |
| Lot Size | 32 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,11,76,713 shares (agg. up to ₹523 Cr) |
| Fresh Issue | 96,15,384 shares (agg. up to ₹450 Cr) |
| Offer for Sale | 15,61,329 shares of ₹10 (agg. up to ₹73 Cr) |
| Share Holding Pre Issue | 3,53,50,636 shares |
| Share Holding Post Issue | 4,49,66,020 shares |
| BSE Script Code / NSE Symbol | 544120 / CAPITALSFB |
| ISIN | INE646H01017 |
Capital Small Finance Bank 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 32 shares and in multiples thereof.
| 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 |
Capital Small Finance Bank IPO raises ₹156.92 crore from anchor investors. Capital Small Finance Bank IPO Anchor bid date is February 6, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Feb 6, 2024 |
| Shares Offered | 33,53,013 |
| Anchor Portion (₹ Cr.) | 156.92 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Mar 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 12, 2024 |
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.
| 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 | ||||
| KPI | |
|---|---|
| ROE | 16.45% |
| Debt/Equity | 0.95 |
| RoNW | 15.33% |
| Price to Book Value | 1.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 26.48 | 24.19 |
| P/E (x) | 17.68 | 19.35 |
| Promoter Holding | 24.01% | |
| Market Cap | ₹2,104.41 Cr. |
The Capital SFB IPO is subscribed 4.17 times on February 9, 2024 5:59:00 PM (Day 3). The public issue subscribed 2.6 times in the retail category, 6.86 times in the QIB category, and 4.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 6.86 | 22,35,343 | 1,53,32,864 |
| NII | 4.23 | 16,76,507 | 70,90,560 |
| bNII (bids above ₹10L) | 3.63 | 11,17,671 | 40,58,016 |
| sNII (bids below ₹10L) | 5.43 | 5,58,836 | 30,32,544 |
| Retail | 2.6 | 39,11,850 | 1,01,80,864 |
| Total | 4.17 | 78,23,700 | 3,26,04,288 |
Total Application : 2,67,697
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 148.13 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by UPI Bidders using UPI | 7.45 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 6.26 |
| 4 | Fees payable to the Registrar to the Offer | 0.65 |
| 5 | Fees payable to the other advisors to the Offer - Statutory Auditors | 4.43 |
| 6 | Fees payable to the other advisors to the Offer - Independent Chartered Accountant | 1.77 |
| 7 | Fees payable to the other advisors to the Offer - Industry expert | 1.89 |
| 8 | Fees payable to the other advisors to the Offer - Fee payable to legal counsel | 16.81 |
| 9 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees, depository charges and other regulatory expenses | 23.34 |
| 10 | Printing and stationery | 12.48 |
| 11 | Advertising and marketing expenses | 55.53 |
| 12 | Miscellaneous | 20.98 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹468.00 | ₹468.00 |
| Open | ₹435.00 | ₹430.25 |
| Low | ₹421.10 | ₹421.00 |
| High | ₹462.95 | ₹462.90 |
| Last Trade | ₹434.30 | ₹435.00 |
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 Crores. The issue is priced at ₹468 per share. The minimum order quantity is 32.
The IPO opens on Wed, Feb 7, 2024, and closes on Fri, Feb 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 Wed, Feb 7, 2024 and closes on Fri, Feb 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 Tue, Feb 13, 2024. Check the Capital Small Finance Bank IPO allotment status.
The Capital Small Finance Bank IPO listing date is on Wed, Feb 14, 2024.
