Capital Small Finance Bank IPO Soars on Day Two, Sees Full Subscription

8 Feb 2024 , 05:56 PM

On February 8, the second day of bidding, the Capital Small Finance Bank public offer was completely subscribed, with investors buying 82.65 Lakh equity shares against an offer size of 81.47 Lakh.

Click here to subscribe the IPO.

Qualified institutional buyers, or QIBs, subscribed 1.06 times their permitted quota, trailing retail investors who picked up 1.12 times their share. Of the share set aside for them, seventy % was bought by non-institutional investors.

Capital Small Finance Bank intends to raise ₹523.07 Crore by issuing 1.1 Crore equity shares to the market at a price between ₹445 and ₹468. One day prior to the IPO’s flotation on February 6, anchor investors contributed a total of ₹157 Crore.

The Capital Small Finance Bank public offering, which ends on February 9, consists of an offer by current shareholders to sell 15.61 Lakh equity shares valued at ₹73.07 Crore and a new issue of shares valued at ₹450 Crore. The net proceeds will primarily be used by the bank to strengthen its Tier-I capital base in order to satisfy upcoming capital requirements.

Capital Small Finance Bank reported a 15.6% increase in total revenue at ₹12,583.68 Crore in the first quarter of FY24. The bank’s profit after tax for the same time last year was ₹18.28 Crore, while this year’s profit was ₹30.10 Crore.

From ₹162.91 Crore to ₹202.29 Crore, the total income grew. As of June 2023, deposits totaled ₹7,064.35 Crore, of which 40.04 % were current and savings deposits. Total advances were ₹5,519 Crore. With gross and net non-performing assets (NPAs) at 2.81 % and 1.37 %, respectively, non-performing assets improved.

For feedback and suggestions, write to us at [e-mail]