IPO Details
Bidding Dates
06 Feb '24 - 08 Feb '24
Minimum Investment
₹14,976 / 1 Lots ( 32 Shares )
Price Range
₹445 - ₹465
Maximum Investment
₹194,688 / 13 Lots ( 416 Shares )
Retail Discount
To be announced
Issue Size
₹523.07 cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 6, 2024
Closing Date
Feb 8, 2024
Basis of Allotment
Feb 11, 2024
Initiation of Refunds
Feb 12, 2024
Credit of Shares to Demat
Feb 12, 2024
Listing Date
Feb 13, 2024
UPI Mandate Expiry Date
Feb 8, 2024
Capital SFB IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Feb 6, 2024 |
0.30x | 0.39x | 0.73x | 0.53x |
Day 2Feb 7, 2024 |
1.10x | 1.08x | 1.40x | 1.25x |
Day 3Feb 8, 2024 |
1.21x | 2.25x | 1.97x | 1.81x |
Capital SFB IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 1.21 |
| Non-Institutional Buyers | 2.25 |
| Retail Investors | 1.97 |
| Total | 1.81 |
About Company
Capital Small Finance Bank Limited was incorporated in 1999 as an NBFC regulated by RBI. In 2016, it commenced its operations as the first small finance bank in India. They provide a wide range of banking products, such as agriculture loans, trading loans, MSME loans, mortgages, etc. They offer services in Haryana, Punjab, Rajasthan, Delhi, Himachal Pradesh and the Union Territory of Chandigarh.
The company mainly focussed on the middle-income customer segments, i.e., customers with an average annual income of ₹0.4 million to ₹5 million in semi-urban and rural areas in India.
Commercial banks, cooperative banks, small finance banks, and regional rural banks collectively contribute the primary credit to India's agricultural sector. The sector has experienced a CAGR of 10%, increasing from ₹8,625 billion in FY 2016 to ₹16,036 billion in FY 2023. The growing population is expected to increase the demand for agriculture loans. In addition, CRISIL MI&A anticipates a 12-14% CAGR growth in the overall MSME portfolio between FY 2023 and 2026. The demand in these sectors is expected to drive business for Capital Small Finance Bank Limited.
Capital Small Finance Bank Limited IPO Details
Capital Small Finance Bank Limited IPO Date
Capital Small Finance Bank Limited is a fresh issue and Offer for Sale IPO aggregating up to ₹523.07 crore. The price of the IPO is ₹445 to ₹465 per share.
Capital Small Finance Bank Limited IPO Price Band
Capital Small Finance Bank Limited is a fresh issue and Offer for Sale IPO aggregating up to ₹523.07 crore. The price of the IPO is ₹445 to ₹465 per share.
Capital Small Finance Bank Limited IPO Lot Size
Capital Small Finance Bank Limited’s IPO lot size is 32 shares.
Capital Small Finance Bank IPO Objectives
The objectives of Capital Small Finance Bank Limited's IPO are listed below:
- To utilise the Net Proceeds from the Fresh Issue towards augmenting the Bank's Tier-I capital base to meet the Bank's future capital requirements. Further, the proceeds from the Fresh Issue will also be used to meet the expenses related to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
Peer Details
As per DRHP, the listed peers whose business portfolio is comparable to the company are as follows:
- IDFC First Bank
- AU SFB
- Equitas SFB
- Ujjivan SFB
- Suryoday SFB
- ESAF SFB
How To Check the Capital Small Finance Bank Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email. Open a demat account with Angel One to apply for the Capital Small Finance Bank Limited IPO.
Contact Details of Capital Small Finance Bank Limited IPO
- Registered office: MIDAS Corporate Park, 3rd Floor, 37, G.T. Road, Jalandhar 144 001, Punjab, India.
- Phone: +91 1815051111
- E-mail: cs@capitalbank.co.in
Capital Small Finance Bank Financials
| Particulars | Year ending on March 31, 2023 (₹ million) | Year ending on March 31, 2022 (₹ million) | Year ending on March 31, 2021 (₹ million) |
|---|---|---|---|
| Total Income | 7,254.82 | 6,324.03 | 5,572.73 |
| Profit After Tax (PAT) | 935.96 | 625.69 | 407.84 |
| EPS (₹) | 27.35 | 18.41 | 12.04 |
| Net Worth | 6,106.10 | 5,157.81 | 4,507.90 |
| Total Borrowings | 7,213.83 | 4,984.30 | 6,167.20 |
Know before investing
Strengths
2-
The company offers secured and diversified loan products to cater to various customer needs.
-
The company has streamlined its credit assessment processes and risk management practices, enabling it to maintain good asset quality and low delinquencies.
Risks
2-
The company has certain contingent liabilities, such as guarantees given by them on behalf of our customers in India. If these contingent liabilities materialise, our financial condition and operations may be adversely impacted.
-
Their business is concentrated primarily in Punjab. Any adverse change in the state’s economy or politics can impact the bank’s profitability.
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Capital Small Finance Bank IPO FAQs
The Capital Small Finance Bank Ltd IPO is a fresh issue and Offer for Sale IPO aggregating up to ₹523.07 crore. The price of the IPO is ₹445 to ₹465 per share. The IPO will open on February 7, 2024.
The Basis of Allotment will happen on Monday, February 12, 2024.
The IPO subscription window will open on Wednesday, February 7, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 32 shares.
Capital Small Finance Bank Ltd IPO will be listed on the NSE and BSE on Wednesday, February 14, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is February 14, 2024, for Capital Small Finance Bank Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
Once you approve the UPI payment mandate, the bank will not immediately debit the amount. They will block the fund in your account. Once IPO shares are allotted in your name, the amount will get debited or else the bank will unblock the funds after the UPI mandate expiry date.
Madan Gopal Sharma and Sarvjit Sharma are the current Chairman and CEO of Capital Small Finance Bank Ltd.
