Capital Small Finance Bank 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 Small Finance Bank IPO opens for subscription on February 7, 2024 and closes on February 9, 2024. The allotment for the Capital Small Finance Bank IPO is expected to be finalized on Monday, February 12, 2024. Capital Small Finance Bank IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, February 14, 2024.
Capital Small Finance Bank IPO price band is set at ₹445 to ₹468 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,976. The minimum lot size investment for sNII is 14 lots (448 shares), amounting to ₹209,664, and for bNII, it is 67 lots (2,144 shares), amounting to ₹1,003,392.
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 Small Finance Bank IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Capital Small Finance Bank IPO RHP for detailed information.
Capital Small Finance Bank IPO Details
| IPO Date | February 7, 2024 to February 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹445 to ₹468 per share |
| Lot Size | 32 Shares |
| Total Issue Size | 11,176,713 shares (aggregating up to ₹523.07 Cr) |
| Fresh Issue | 9,615,384 shares (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 1,561,329 shares of ₹10 (aggregating up to ₹73.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,350,636 |
| Share holding post issue | 44,966,020 |
Capital Small Finance Bank IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Capital Small Finance Bank IPO Timeline (Tentative Schedule)
Capital Small Finance Bank IPO opens on February 7, 2024, and closes on February 9, 2024.
| 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 |
Capital Small Finance Bank IPO Lot Size
Investors can bid for a minimum of 32 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | 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 |
| Lot Size Calculator | |||
Capital Small Finance Bank IPO Promoter Holding
The promoters of the Bank, namely Sarvjit Singh Samra, Amarjit Singh Samra, Navneet Kaur Samra, Surinder Kaur Samra and Dinesh Gupta
| Share Holding Pre Issue | 24.01% |
| Share Holding Post Issue |
About Capital Small Finance Bank Limited
Incorporated in 1999, 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’s 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.
Capital Small Finance Bank Limited Financial Information (Restated)
Capital Small Finance Bank Limited’s revenue increased by 14.72% and profit after tax (PAT) rose by 49.59% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,390.69 | 7,990.77 | 7,153.92 | 6,371.24 |
| Revenue | 415.22 | 725.48 | 632.40 | 557.27 |
| Profit After Tax | 54.39 | 93.60 | 62.57 | 40.78 |
| Net Worth | 711.76 | 610.61 | 515.78 | 450.79 |
| Reserves and Surplus | 676.41 | 576.36 | 481.74 | 416.88 |
| Total Borrowing | 572.76 | 721.38 | 498.43 | 616.72 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of Capital Small Finance Bank IPO is Rs 2104.41 Cr.
| KPI | Values |
|---|---|
| ROE | 16.45% |
| Debt/Equity | 0.95 |
| RoNW | 15.33% |
| P/BV | 2.63 |
Check Capital Small Finance Bank IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 26.48 | 24.19 |
| P/E (x) | 17.68 | 19.35 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Capital Small Finance Bank IPO Objectives)
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 Contact Details
Capital Small Finance Bank Limited
MIDAS Corporate Park, 3rdFloor,
37, G.T. Road,
Jalandhar 144 001,
Phone: +91 181 5051111
Email: cs@capitalbank.co.in
Website: https://www.capitalbank.co.in/
Capital Small Finance Bank IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: capitalsfb.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html