Capital Small Finance Bank Limited IPO

Price
₹445 - ₹468
Lot
32
Subs.
4.17
Expected Listing Earning

Exp. Premium(GMP):
43.01(9.19%)
IPO Details

Open Date: 07-Feb-2024
Close Date: 09-Feb-2024
Allotment Date: 12-Feb-0204
Listing Date: 14-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹445-468 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹14,976 : S-HNI - ₹209,664 : B-HNI - ₹1,003,392
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved2,235,3431,676,5073,911,8507,823,700
Day 1 - 07-02-24 
05:00 PM
0.30x0.39x0.73x0.53x
Day 2 - 08-02-24 
05:00 PM
1.10x1.08x1.41x1.25x
Day 3 - 09-02-24 
05:00 PM
6.86x4.23x2.60x4.17x
Total No. of Application:267,697 (Approx.)
Retail Subscription on the basis of Apps:2.19x
Valuations

Earning Per Share(EPS)26.48/-
P/E Ratio17.68
RoNW15.33%
Net Asset Value (NAV) - Post Issue:257.92/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20238,390.69415.2254.39
31 Mar,20237,990.77725.4893.60
31 Mar,20227,153.92632.4062.57
31 Mar,20216,371.24557.2740.78
Promoter(s)

Pre Issue Share Holding24.01%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. namely Sarvjit Singh Samra
2. Amarjit Singh Samra
3. Navneet Kaur Samra
4. Surinder Kaur Samra
5. Dinesh Gupta
Issue Objective(s)

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.

About Company

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.

Disclaimer

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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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