Capital Small Finance Bank Limited IPO Opens On February 07. Check IPO Details Issue Date Price

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Capital Small Finance Bank Limited IPO Opens On February 07. Check IPO Details Issue Date Price

February 07, 2024
Capital Small Finance Bank Limited IPO Opens On February 07. Check IPO Details Issue Date Price

Capital Small Finance Bank Ltd is coming out with a public issue to raise Rs 523 crores from the market.

Below are the details of the Capital Small Finance Bank Limited IPO:

  • Issue opens – February 07 (Wednesday)
  • Issue closes – February 09 (Friday)
  • Issue size – Rs 523 crores
  • Price band – Rs 445 to 468 per equity share
  • Bid lot – 32 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • Capital Small Finance Bank Limited commenced operations as India’s first small finance bank in 2016 pursuant to RBI’s approval dated March 4, 2016. They offer a range of banking products on the asset and liability side, in all the states they operate in, i.e., Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh and Union Territory of Chandigarh. Their asset products primarily include agriculture loans, MSME and trading loans (working capital, machinery loans etc.) and mortgages (housing loans and loans against property).
  • They have an experience of over two decades in the banking industry, having been incorporated in 1999. They are regulated by RBI and are one out of the two non-NBFC microfinance entities to receive the SFB license in 2015. Their core strategy is to strengthen their retail focused banking franchise by enabling access to affordable credit in the states they operate in their well defined niche catering to middle income group segment with special emphasis on rural and semi-urban areas. As on date, they do not have any subsidiaries.
  • The expansion of their business has been a major factor in the growth of their advances and deposits. Over the years, they have expanded their operations strategically in the north Indian states of Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh and Union Territory, Chandigarh. As of September 30, 2023, they were present in five States and one Union Territory with 173 branches and 175 ATMs with 76.30% of their branches located in rural and semi-urban areas covering 24 districts and 75.75% of their total customers (both credit and deposit).

Issue Size: Rs. 523 crores

Issue Break-up:

QIB – 50% of the offer – Rs 261.54 crores

NIB – 15% of the offer – Rs 78.46 crores

RET – 35% of the offer – Rs 183.07 crores

Listing: BSE and NSE

Registrar: Link Intime India Pvt Ltd

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Friday, February 09, 2024

Not an Espresso customer, but still want to apply for the IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

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