Capital Small Finance Bank IPO Review

 
Capital Small Finance Bank IPO Review

IPO Open Date: February 7, 2024

IPO Close Date: February 9, 2024

IPO Price: ₹445 to ₹468 per share

Lot Size: 32 Shares

Listing: February 14, 2024

Capital Small Finance Bank is scheduled to hit the market on February 07, 2024 and close on February 9, 2024. Capital Small Finance Bank plans to raise around ₹523.07 Cr through an IPO with a sale of up to 11,176,713 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in 1999, Capital Small Finance Bank Limited operates as a small finance bank that made history in 2015 by becoming the first non-Non-Banking Financial Company (NBFC) microfinance entity to be granted a Small Finance Bank (SFB) license. The bank employs a branch-based operating model, maintaining a robust presence in semi-urban and rural areas.

With its headquarters located in Jalandhar, Punjab, Capital Small Finance Bank focuses on serving middle-income customer segments with an annual income ranging from ₹0.4 to 5 million. The bank aspires to be the primary banking choice for these customers, offering a diverse range of products, attentive customer service, a network of physical branches, and digital channels. Geographically, the bank strategically extends its SFB operations to cover northern states in India, including Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh, and the Union Territory of Chandigarh.

Capital Small Finance Bank


Capital Small Finance Bank IPO Details

Capital Small Finance Bank IPO opens on Feb 07, 2024, and closes on Feb 9, 2024. The Listing date for Capital Small Finance Bank IPO is on Feb 14, 2024. The price band for IPO is ₹445 to ₹468 per share and lot size of 32 Shares.

IPO DateFeb 07, 2024 to Feb 09, 2024
Listing DateFeb 14, 2024
Price₹445 to ₹468 per share
Lot Size32 Shares
Issue Size₹523.07 Cr
Face Value₹10 per share

Capital Small Finance Bank IPO Tentative Timetable

Capital Small Finance Bank opening date is February 07, 2024 and close date is February 09, 2024. The IPO allotment date is February 12, 2024. The refund initiation of IPO is on February 13, 2024. The credit of shares in demat account is on February 13, 2024. The listing date is on February 14, 2024.

EventDate
IPO OpeningFeb 7, 2024
IPO ClosingFeb 9, 2024
IPO Allotment DateFeb 12, 2024
Refund InitiationFeb 13, 2024
Shares Credit to DematFeb 13, 2024
Lisiting DateFeb 14, 2024

Capital Small Finance Bank IPO Lot Size

Lot Size of this IPO is 32 shares. A retail-individual investor can apply for up to 13 lots (416 shares or ₹194,688).

CategoryLotsSharesAmount
Retail(Minimum)132₹14,976
Retail(Maximum)13416₹194,688
S-HNI (Minimum)14504₹209,664
B-HNI (Minimum)672,144₹1,003,392

Capital Small Finance Bank IPO Promoter Holding

Pre Issue Share Holding24.01%
Post Issue Share Holding

Capital Small Finance Bank IPO Review

Capital Small Finance Bank stands as a key player with a distinctive regional presence, boasting 172 branches and 174 ATMs across five states and one union territory as of June 30, 2023. Specializing in rural and semi-urban areas, the bank strategically focuses on 24 districts, serving approximately 75.90% of its customers in terms of credit and deposits. The bank's niche in catering to the middle-income group, particularly in these regions, highlights a well-defined market strategy.

With a robust loan book, Capital Small Finance Bank demonstrates a commitment to securing its lending portfolio, with over 99% of its loans secured as of March 31 and June 30, 2023. Notably, a significant portion of these loans is backed by immovable properties. The bank's average ticket size for key lending products, including agriculture, MSME and trading, and mortgage loans, provides insights into its clientele, with values of ₹1.23 million, ₹1.82 million, and ₹1.16 million, respectively, as of March 31, 2023. The bank, with its 1827-strong workforce, positions itself as a vital financial institution in its operational regions.

In terms of financial performance, the restated figures for the fiscal year ending March 31, 2023, reveal a commendable 14.72% increase in revenue and a significant 49.59% surge in profit after tax (PAT) compared to the previous fiscal year. Key performance indicators (KPIs) include a Return on Equity (ROE) of 16.45%, Debt/Equity ratio of 0.95, Return on Net Worth (RoNW) at 15.33%, and a Price/Book Value (P/BV) ratio of 2.63. The IPO, with a market capitalization of Rs 2,104.41 Cr, aims to augment the bank's Tier-I capital base to meet future capital requirements. Investors evaluating the Capital Small Finance Bank IPO are advised to consider these factors for a comprehensive assessment of the bank's growth prospects and financial health.

Capital Small Finance Bank IPO Subscription Status (Bidding Details)

Table not found

Capital Small Finance Bank IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Capital Small Finance Bank IPO FAQs

What is Capital Small Finance Bank IPO?

Capital Small Finance Bank is issuing 11,176,713 equity shares with a face value of ₹10 each, totaling up to ₹523.07 Cr. The shares are being offered at a price of ₹445 to ₹468 each, with a minimum order quantity of 32 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Capital Small Finance Bank IPO will open?

Capital Small Finance Bank will open on February 07, 2024 for QIB, NII, and Retail Investors.

When Capital Small Finance Bank IPO will end?

Capital Small Finance Bank will end on February 09, 2024.

What is Capital Small Finance Bank IPO Size?

Capital Small Finance Bank IPO size is ₹523.07 Cr.

What is Capital Small Finance Bank IPO Price Band?

Capital Small Finance Bank price band is ₹445 to ₹468 per share.

What is the Capital Small Finance Bank IPO Allotment Date?

Capital Small Finance Bank allotment date is February 12, 2024.

What is the Capital Small Finance Bank IPO Listing Date?

Capital Small Finance Bank listing date is February 14, 2024. The IPO is to be listed on BSE and NSE.

How to Capital Small Finance Bank IPO through Zerodha?

To apply for the IPO “Capital Small Finance Bank” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Capital Small Finance Bank IPO through Upstox?

To apply for the IPO “Capital Small Finance Bank” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Capital Small Finance Bank IPO Allotment Status?

For Capital Small Finance Bank IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Capital Small Finance Bank IPO GMP?

You can check out here: Capital Small Finance Bank IPO GMP

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