The Capital Small Finance Bank date has been confirmed from February 7, 2024 and closes on February 9, 2024.
Capital Small Finance Bank Developers IPO is a fixed price issue of Rs 450.00 crore. The price band is set at ₹445 to ₹468 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,976. The minimum lot size investment for sNII is 14 lots (448 shares), amounting to ₹209,664, and for bNII, it is 67 lots (2,144 shares), amounting to ₹1,003,392.
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Bidding Dates
Feb 7-9
Price Range
₹445 to ₹468 per share
Face Value
₹10 per share
GMP
₹3
Capital Small Finance Bank IPO GMP
The Capital Small Finance Bank IPO GMP is ₹3.
IPO Overview
Capital Small Finance Bank’s IPO is a book-built issue. The offering consists of a fresh issue of Rs 450.00 crore and an offer for sale of 0.16 crore shares. Capital Small Finance Bank’s initial public offering (IPO) will begin on February 7, 2024 and end on February 9, 2024. The allotment for the Capital Small Finance Bank IPO is expected to be completed on Monday, February 12, 2024. The Capital Small Finance Bank IPO will list on the BSE and NSE, with a tentative listing date of Wednesday, February 14, 2024.
Capital Small Finance Bank’s IPO pricing range is ₹445-468 per share. The minimum lot size for an application is 32 shares. The minimum investment for retail investors is ₹14,976. The minimum lot size investment for sNII is 14 lots (448 shares) for ₹209,664, while for bNII, it is 67 lots (2,144 shares) worth ₹1,003,392.
Capital Small Finance Bank IPO Details
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | February 7, 2024 to February 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹445 to ₹468 per share |
| Lot Size | 32 Shares |
| Total Issue Size | ₹450.00 Cr |
| Fresh Issue | [.] shares (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 1,561,329 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,350,636 |
Capital Small Finance Bank Limited Financial Information
| 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 |
| Revenue | 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 | 12.60 | 12.06 | 14.71 | 10.73 |
| Total Borrowing | 572.76 | 721.38 | 498.43 | 616.72 |
| Amount in ₹ Crore | ||||
Capital Small Finance Bank IPO Timeline
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 9, 2024 |
Company Profile
Capital Small Finance Bank Limited, founded in 1999, is a small finance bank. Capital SFB became the first non-NBFC microfinance institution to be granted an SFB licence in 2015. The organisation has a considerable presence in semi-urban and rural areas, thanks to its branch-based operating strategy. Capital Small Finance Bank caters to middle-class customers with an annual income of ₹0.4-5 million. They intend to be the principal banker for these consumers through a combination of product offers, customer service, physical branches, and digital
channels. Capital Small Finance Bank is headquartered in Jalandhar, Punjab, and has strategically extended its SFB operations in northern India, including Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh, and the Union Territory of Chandigarh. As of June 30, 2023, Capital Small Finance Bank operated in five states and one union territory, with 172 branches and 174 ATMs. The bank’s branches were primarily located in rural and semi-urban areas, covering 24 districts and serving approximately 75.90% of total customers, both for credit and deposits.
This shows that the bank has a well-defined niche in the middle-income segment, with a focus on rural and semi-urban areas. As of March 31 and June 30, 2023, the bank’s loan book was secured by 99.82% and 99.84%, respectively, with immovable properties securing 85.16% and 84.66% of loans. As of March 31, 2023, the average ticket size for Capital Small Finance Bank’s agricultural, MSME and trading, and mortgage loan products was ₹ 1.23 million, ₹ 1.82 million, and ₹ 1.16 million, respectively. As of June 30th, 2023, Capital Small Finance Bank had a total of 1827 workers.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | capitalsfb.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Capital Small Finance Bank Limited |
| Phone number | +91 181 5051111 |
| Email ID | cs@capitalbank.co.in |
| Website | capitalbank.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
