Capital Small Finance Bank's IPO Opens Today: Subscription Updates Here

7 Feb 2024 , 12:34 PM

Capital Small Finance Bank’s IPO subscription opens on February 7, and closes on February 9. The price band is fixed at ₹445 to ₹468 per equity share with a face value of ₹10 each. The IPO is a book-built issue of ₹523.07 crore, including a fresh issue of ₹450.00 crore and an OFS of ₹73.07 crore. The minimum lot size is 32 shares; the minimum investment for retail investors is ₹14,976. Click here to subscribe the IPO.

Allocation: 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. At the time of writing, Retail investor’s subscription is 0.31 times, followed by non-institutional investors at 0.09 times and qualified institutional buyers at 0.00 times. The overall subscription is 0.17 times.

Promoters: Sarvjit Singh Samra, Amarjit Singh Samra, Navneet Kaur Samra, Surinder Kaur Samra, and Dinesh Gupta. ₹157 crore was raised from anchor investors with an allotment of 33.53 lakh equity shares at ₹468 apiece.

Started in 2016, Capital SFB is 24% owned by the promoter family and received SFB license in 2015. It is present in five states and one union territory with 172 branches and 174 ATMs as of June 30, 2023.

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