Capital Small Finance Bank IPO
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Catch all the details of Capital Small Finance Bank IPO here!
Overview of Capital Small Finance Bank IPO
IPO Date
7-Feb-2024 to 9-Feb-2024
Face Value
₹10 per share
Price Band
₹445 to ₹468
Lot Size
32 Share
Issue Size
11,176,713 shares (aggregating up to ₹523.07 Cr)
Listing At
BSE, NSE
Basis of Allotment
12-Feb-2024
Initiation of Refunds
13-Feb-2024
Credit of Shares to Demat
13-Feb-2024
Listing Date
14-Feb-2024
Cut off time for UPI Mandate
9-Feb-2024
Objective of Capital Small Finance Bank IPO
Capital Small Finance Bank is a Mainboard IPO with a book-built issue of Rs. 523.07 crores, with a fresh issue of Rs. 450 Cr. and an offer for sale of Rs. 73.07 Cr. The IPO will open from 7th February to 9th February 2024, allotment is expected to be done on 12th February, and it will be listed on BSE and NSE on 14th February 2024. The price band is ₹445 to ₹468 per share, with a minimum lot size of 32 shares, and a minimum investment amount of ₹14,904. The book-running lead managers are Nuvama Wealth Management, Dam Capital Advisor, and Equirus Capital Private. Link Intime India Private Limited is the registrar for the issue.
The objectives of the IPO are to augment the Bank’s Tier-1 capital base to meet its future capital requirements. As the bank continues to grow its loan portfolio and asset base the bank requires the additional capital to continue to meet the applicable capital adequacy ratios. Proceeds from the Fresh Issue will also be used towards meeting the expenses with the offer.
About Capital Small Finance Bank IPO
Capital Small Finance Bank commenced operations as India’s first small finance bank in 2016. The bank is one out of the two non-NBFC microfinance entities to receive an SFB license in 2015. With two decades in the banking industry, the bank operates in Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh, and the Union Territory of Chandigarh. The main products of the bank are agriculture loans, MSME, working capital, and machinery loans and mortgages. The bank has 173 branches with 76.30% in the rural and semi-urban areas. As of 30th Sept, the bank has gross advances of Rs. 5,866 Cr.
Capital Small Finance Bank IPO Financials
Particulars (in Cr) | H1 FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Net Profit Annual | 54 | 94 | 63 | 41 |
Interest Earned | 386 | 676 | 578 | 511 |
Interest Expended | 215 | 354 | 323 | 313 |
Net Interest Income | 171 | 322 | 255 | 199 |
Operating Expense | 125 | 223 | 196 | 173 |
Pre Provisioning Operating Profit | 75 | 149 | 113 | 31 |
Provision And Contingencies | 21 | 55 | 51 | 31 |
Total Asset Annual | 8,391 | 7,991 | 7,154 | 6,371 |
Deposits | 7,000 | 6,561 | 6,046 | 5,221 |
Borrowings | 573 | 721 | 498 | 617 |
Advances | 5,784 | 5,429 | 4,635 | 3,727 |
Investments | 1,549 | 1,489 | 1,357 | 1,212 |
Book Value Per Share | 201.3 | 172.7 | 145.9 | 127.5 |
ROA | 1.3% | 1.2% | 0.9% | 0.7% |
ROE | 16.5% | 16.6% | 13.0% | 9.5% |
NIM | 4.0% | 4.2% | 3.7% | 3.4% |
GNPA | 2.7% | 2.8% | 2.5% | 2.1% |
NNPA | 1.4% | 1.4% | 1.4% | 1.1% |
Promoter's Holding
Total Share Capital
Offered to Public
Promoter’s Holding(Pre-Issue)
Promoter’s Holding(Post-Issue)
The bank has a concentration risk. As of Sept’23, 83.97% of the total advances and 93.73% of the total deposits are from the state of Punjab.
The IPO starts o 7th February, and ends on 9th February.
Capital Small Finance Bank is a Mainboard IPO with a book-built issue of Rs. 523.07 crores, with a fresh issue of Rs. 450 Cr. and an offer for sale of Rs. 73.07 Cr.
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