Capital Small Finance Bank Limited IPO is set to launch on 7 February, 2024. The company initiated its business operations in the year 1999. The company is a small finance bank. It is the first non-NBFC microfinance entity to receive an SFB licence. The headquarters are located in Punjab and it has expanded its reach in various places such as Haryana, Delhi, Rajasthan, Chandigarh, Gujarat and Himachal Pradesh. Hence it is present in 5 states and 1 union territory currently. It has 172 branches and over 174 ATMs currently. It has a working force of 1827 employees.
Capital Small Finance Bank Limited IPO DETAILS
Capital Small Finance Bank Limited IPO is set to launch on 7 February, 2024. The subscription timeline extends till 9 February, 2024. The size for the IPO is 523.07 Crore Rs. Shares issued through fresh issue mode are worth Rs 450 Crore. Shares issued through offer for sale mode are worth Rs 73.07 Crore. The lot size is 32 shares and the price is 445 Rs to 468 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Capital Small Finance Bank Limited IPO
| IPO OPENING DATE | 7 February, 2024 |
| CLOSING DATE FOR IPO | 9 February, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 445 Rs. to 468 Rs. per share |
| LOT SIZE | 32 shares |
| MINIMUM ORDER QUANTITY | 32 shares |
| ISSUE SIZE | 523.07 Crore Rs. |
| OFFER FOR SALE | 73.07 Crore Rs. |
| FRESH ISSUE | 450 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 14 February, 2024 |
Capital Small Finance Bank Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 7 February, 2024 |
| CLOSING DATE FOR IPO | 9 February, 2024 |
| IPO ALLOTMENT DATE | 12 February, 2024 |
| REFUNDS | 13 February, 2024 |
| DEMAT A/C CREDITED ON | 13 February, 2024 |
| IPO LISTING DATE | 14 February, 2024 |
Capital Small Finance Bank Limited IPO begins for subscription from 7 February, 2024. The IPO subscription would continue till 9 February, 2024. The allotment status for the shareholders who applied would come on 12 February, 2024. The refunds for the ones who did not get allotment would be initiated on 13 February, 2024. The DEMAT accounts of shareholders would be credited on 13 February, 2024. The listing of the company would be completed on 14 February, 2024.
Capital Small Finance Bank Limited IPO : Lead Managers
The lead managers are :
- DAM Capital Advisors Limited
- Nuvama Wealth Management Limited
- Equirus Capital Private Limited
The minimum lot size for the company is decided at 32 shares. This holding accounts to 14976 Rs.. The maximum lot size is decided at 416 shares. This amounts to 194668 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 32 shares | 14976 Rs. |
| Maximum | 416 shares | 194668 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- With the IPO money the company might pay its outstanding loans.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 6371 | 7153 | 7990 |
| Revenue | 557 | 632 | 725 |
| PAT | 40 | 62 | 93 |
Capital Small Finance Bank Limited had an asset base of 6371 Crore Rs in 2021. This increased to 7153 Crore Rs in 2022 and 7990 Crore Rs in 2023. The revenue of the firm was 557 Crore Rs in 2021 which increased to 632 Crore Rs in 2022 and 725 Crore Rs in 2023. The profit of the firm was 40 Crore Rs in 2021. This increased to 62 Crore Rs in 2022. Profit of the firm was 93 Crore Rs in the year 2023.
PROS
- It is the first non-NBFC microfinance entity to receive an SFB licence.
- The headquarters are located in Punjab and it has expanded its reach in various places such as Haryana, Delhi, Rajasthan, Chandigarh, Gujarat and Himachal Pradesh. Hence it is present in 5 states and 1 union territory currently.
- It has 172 branches and over 174 ATMs currently. It has a working force of 1827 employees.
Capital Small Finance Bank Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Capital Small Finance Bank Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
