Capital Small Finance Bank Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | February 14, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 445 to ₹ 468 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 1,11,76,713 shares (aggregating up to ₹ 523.07 Cr) |
| Fresh Issue | 96,15,384 shares (aggregating up to ₹ 450.00 Cr) |
| Offer for Sale | 15,61,329 shares of ₹10 (aggregating up to ₹ 73.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 3,53,50,636 |
| Share holding post issue | 4,49,66,020 |
About Capital Small Finance Bank Limited IPO
Capital Small Finance Bank (CSFB) commenced operations as India's first small finance bank in 2016 pursuant to RBI's approval dated March 4, 2016. It offers a range of banking products on the asset and liability side, in all the states it operates in, i.e., Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh and Union Territory of Chandigarh. CSFB's asset products primarily include agriculture loans, MSME and trading loans (working capital, machinery loans etc.) and mortgages (housing loans and loans against property). Its core strategy is to strengthen retail focused banking franchises by enabling access to affordable credit in the states the company operates in its well defined niche catering to the middle income group segment with special emphasis on rural and semi-urban areas. As of date, it does not have any subsidiaries.
Capital SFB IPO is a book-built issue of Rs 523.07 crores. The issue is a combination of fresh issue of 0.96 crore shares aggregating to Rs 450.00 crores and offer for sale of 0.16 crore shares aggregating to Rs 73.07 crores. Capital SFB IPO price band is set at ₹445 to ₹468 per share. The minimum lot size for an application is 32 Shares. Nuvama Wealth Management Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Equirus Capital Private Limited are the book running lead managers of the Capital SFB IPO, while Link Intime India Private Ltd is the registrar for the issue.
Objectives of Capital SFB IPO
The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting our 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 towards meeting the expenses in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
Capital SFB IPO Review
This small finance bank is currently a north region centric financial service provider and mulls Pan India presence in coming years with expansion of branch network. For the reported periods, it posted steady growth in top and bottom lines. Based on FY24 annualized earnings, it appears to be an aggressively priced issue. Well-informed investors may park funds for the long term rewards.
Capital Small Finance Bank Limited IPO Financial Information
Latest Revenue
415.22
₹ Crore
Profit After Tax
54.39
₹ Crore
Net Worth
711.76
₹ Crore
Total Borrowing
572.76
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 8,390.69 | 415.22 | 54.39 | 711.76 | 572.76 | ||||
| 31 Mar 2023 | 7,990.77 | 725.48 | 93.60 | 610.61 | 721.38 | ||||
| 31 Mar 2022 | 7,153.92 | 632.40 | 62.57 | 515.78 | 498.43 | ||||
| 31 Mar 2021 | 6,371.24 | 557.27 | 40.78 | 450.79 | 616.72 | ||||
| Amount in ₹ Crore | |||||||||
Capital Small Finance Bank Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.45% |
| Debt/Equity | 0.95 |
| RoNW | 15.33% |
| P/BV | 1.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.48 | 24.19 |
| P/E (x) | 17.68 | 19.35 |
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Competitive Strengths
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Capital Small Finance Bank Limited IPO Timeline
| IPO Open Date | Wednesday, February 7, 2024 |
| IPO Close Date | Friday, February 9, 2024 |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 9, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹14,976 |
| Retail (Max) | 13 | 416 | ₹194,688 |
| S-HNI (Min) | 14 | 448 | ₹209,664 |
| S-HNI (Max) | 66 | 2,112 | ₹988,416 |
| B-HNI (Min) | 67 | 2,144 | ₹1,003,392 |