IPO

Capital Small Finance Bank Limited IPO

3 Mainboard

Other Bank

Offer Date Coming Soon

₹ 14976 /32 Shares

07 Feb, 2024

Open Date

09 Feb, 2024

Close Date

12 Feb, 2024

Allotment Date

14 Feb, 2024

Listing Date
Price Summary

Last Closing

282.65 (-39.6%)

52 Week High

330.65

52 Week Low

250.00

Last Update

31-Oct-2025 3:30 PM
Capital Small Finance Bank Limited IPO Issue Details
  • Issue Price ₹445-468 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 1,11,76,713 shares(aggregating up to ₹523.07 crore)
  • Fresh Share 96,15,384 shares(aggregating up to ₹450 crore)
  • Offer For Sale 15,61,329 shares(aggregating up to ₹73.07 crore)
  • Listing at BSE, NSE
  • List Price 430.25(NSE)
  • Listing Date 2024-02-14
  • Lead Manager Nuvama Wealth Management Limited
    Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
    Equirus Capital Private Limited
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 32 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 132₹14,976
Retail(max)13416₹1,94,688
SHNI(min) 14448₹2,09,664
SHNI(max) 662,112₹9,88,416
BHNI(min) 672,144₹10,03,392
Capital Small Finance Bank Limited IPO Reservation

Capital Small Finance Bank Limited IPO offers total 11,176,713 shares. Out of which 2,235,343 (20%) allocated to QIB, 1,676,507 (15%) allocated to NII,3,911,850 (35%) allocated to RII, NA (NA%) allocated to employees and 3,353,013 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered3,353,013 (30%)
QIB Shares Offered2,235,343 (20%)
NII (HNI) Shares Offered1,676,507 (15%)
bNII < ₹10L1,117,671 (10%)
sNII < ₹10L558,836 (5%)
Retail Shares Offered3,911,850 (35%)
Total Shares Offered11,176,713 (100%)
Capital Small Finance Bank Limited IPO Documents
DRHP
RHP
ANCHOR
Capital Small Finance Bank Limited IPO Details


Capital Small Finance Bank Limited IPO is a book-built issue of ₹523.07 crores, The total issue size is ₹523.07 crores. The IPO of Capital Small Finance Bank Limited is priced at ₹445-468 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Feb 7, 2024 and ends on Feb 9, 2024. The allotment for Capital Small Finance Bank Limited IPO will be finalized on Feb 12, 2024. Capital Small Finance Bank Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 14, 2024. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 32 shares, extendable to 14,976. S-HNIs will be able to bid for 448 shares at ₹2,09,664, while B-HNIs can also apply for a bid of 2,144 shares at ₹10,03,392. The book-running lead manager for the IPO is/are Nuvama Wealth Management Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Equirus Capital Private Limited.

The total issue ₹523.07 crore, comprising a fresh issue of 96,15,384 shares ₹450 crore and having Offer for Sale (OFS) of 15,61,329 shares to mop up ₹73.07 crore.

The Capital Small Finance Bank Limited IPO sets its price band at 445-468 for each share. A single application for Capital Small Finance Bank Limited IPO must contain at least 32 shares. Sentiment investors need to invest a minimum of 32 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,976 In order to participate in the sNII, investors must purchase at least 14 lots of 448 shares for ₹2,09,664, while the bNII requires 67 lots of 2,144 shares for an investment of ₹10,03,392.

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Capital Small Finance Bank Limited IPO Subscription Analysis And Details
Retail
2.60x
QIB
6.86x
NII
4.23x
bNII
3.63x
sNII
5.43x
Total
4.17x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,235,3431,676,507
1,117,671    558,836		3,911,8507,823,700
Day 1 07-02-24 05:00 PM
0.29 x0.38
0.27 x   0.59 x		0.67 x0.50 x
Day 2 08-02-24 05:00 PM
1.06 x1.03
0.79 x   1.51 x		1.33 x1.19 x
Day 3 09-02-24 05:00 PM
6.86 x4.23
3.63 x   5.43 x		2.60 x4.17 x
Total No of Applications
267,697
Capital Small Finance Bank Limited Valuations
EPS Pre IPO ₹26.48/-
EPS Post IPO ₹34.19/-
P/E Pre IPO 17.68
P/E Post IPO 19.35
ROE 16.45%
Debt/Equity 0.95
RoNW 15.33%
Price to Book Value 1.81
Capital Small Finance Bank Limited Company Financials
In Crs.
In Cr.
31-Mar-2331-Mar-2231-Mar-21
Assets7,990.777,153.926,371.24
Revenue725.48632.40557.27
Profit After Tax93.6062.5740.78
Net Worth610.61515.78450.79
Reserves & Surplus576.36481.74416.88
Total Borrowing721.38498.43616.72
About Capital Small Finance Bank Limited Company

Capital Small Finance Bank Limited is a a small finance bank. In 2015, Capital SFB became the first non-NBFC microfinance entity to receive the SFB license. The company has a strong presence in semi-urban and rural areas with a branch-based operating model.

Capital Small Finance Bank targets middle-income customer segments with an annual income of ₹0.4-5 million. They aim to be the primary banker for these customers through a mix of product offerings, customer service, physical branches, and digital channels.

Capital Small Finance Bank is headquartered in Jalandhar, Punjab and has strategically expanded its SFB operations in northern states of India such as Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh and UT Chandigarh.

As of June 30, 2023, Capital Small Finance Bank had a presence in five states and one union territory, with a total of 172 branches and 174 ATMs. The bank's branches were predominantly located in rural and semi-urban areas, covering 24 districts, and serving approximately 75.90% of the total customers, both in terms of credit and deposits. This suggests that the bank has a well-defined niche catering to the middle-income group, with a special emphasis on rural and semi-urban areas.

As of March 31 and June 30, 2023, respectively, 99.82% and 99.84% of the bank's loan book was secured, with 85.16% and 84.66% of loans secured by immovable properties.

The average ticket size of Capital Small Finance Bank agriculture, MSME and trading, and mortgage lending products as of March 31, 2023, were ₹ 1.23 million, ₹ 1.82 million, and ₹ 1.16 million respectively.

As of June 30th, 2023, Capital Small Finance Bank has a total of 1827 employees working for the organization.

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Capital Small Finance Bank Limited - Promoter(s)

Sarvjit Singh Samra

Amarjit Singh Samra

Navneet Kaur Samra

Surinder Kaur Samra

Dinesh Gupta

Pre Issue Share Holding : 24.01%

Post Issue Share Holding : N/A%

Capital Small Finance Bank Limited IPO - Issue Objectives
1

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 Small Finance Bank Limited IPO - Anchor Investors

Capital Small Finance Bank IPO: Anchor investors buy Rs 157 cr worth shares ahead of February 7 opening.

Institutional investors that participated in the anchor book included Nippon Life India, Ashoka India Equity Investment Trust, Whiteoak Capital, Edelweiss Tokio Life Insurance, 360 ONE Mutual Fund, Ananta Capital Ventures Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Kotak Mahindra Life Insurance Company, SBI General Insurance Company, and LC Pharos Multi Strategy Fund.