Capital Small Finance Bank Limited IPO: Investors lined up before entering the market, know GMP and details
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Capital Small Finance Bank Limited IPO: IPOs are going to dominate the stock market even in the year 2024. Many big companies are coming into the market with their IPO. Now Capital Small Finance Bank is also coming with its IPO. In the year 2015, this bank became the first non-NBFC microfinance unit to obtain SFB license. This small finance bank has a strong presence in semi-urban and rural areas. The bank is trying to collect Rs 523.07 crore from the market through IPO. Investors can apply for this from February 7 to February 9.
How much will have to be invested
Capital Small Finance Bank has fixed the price band of its IPO offer at ₹ 445 to ₹ 468 per share, the face value of which is ₹ 10. The retail investor will have to invest for at least one lot. There are 32 shares in one lot. After this, it can be done in multiples of 32. Capital Small Finance Bank’s issue is a combination of fresh issue of 0.96 crore shares, aggregating to ₹450 crore and offer for sale of 0.16 crore shares, aggregating to ₹73.07 crore. An investor investing in this IPO will have to invest at least Rs 16,380 (36X455). Whereas, as per the maximum value, Rs 16,848 (36X468) will have to be invested. Its business has not yet started in the gray market.
What will the company do with the money?
The Bank proposes to use the net proceeds from the fresh issue to enhance the Tier-I capital base of the Bank to meet its future capital requirements. As the Bank is growing its loan portfolio and asset base, the Bank is expected to require additional capital to meet the capital adequacy ratios applicable in respect of its business. The Bank intends to increase its loan advances which will require Tier-I capital to comply with the applicable capital adequacy requirements. Additionally, the proceeds from the fresh issue will also be used to meet expenses related to the offer.
How many shares will retail investors get?
About 50 per cent of the net issue in the Capital Small Finance Bank IPO will be available for QIBs, and 35 per cent of the issue is reserved for retail investors and 15 per cent of the issue will be available for NII investors.
Who are the promoters of the bank?
The promoters of the bank are Sarvjeet Singh Samra, Amarjeet Singh Samra, Navneet Kaur Samra, Surinder Kaur Samra and Dinesh Gupta.
When will the shares be allotted?
The allotment of Capital Small Finance Bank IPO is expected to be finalized on Monday, February 12. Capital Small Finance Bank IPO will be listed on BSE, NSE, with the tentative listing date fixed for Wednesday, February 14, 2024.
How is the performance of the bank?
The bank targets the middle income customer segment with an annual income of ₹0.4-5 million. They aim to become the primary banker for these customers through a mix of product offerings, customer service, physical branches and digital channels. Capital Small Finance Bank Limited’s revenue grew by 14.72% and profit after tax (PAT) grew by 49.59% between the financial year ending March 31, 2023 and March 31, 2022.
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