Capital Small Finance Bank Debuts Quietly, Trades at 8.1% Discount, Raises ₹523.07 Crore in IPO

14 Feb 2024 , 04:09 PM

Capital Small Finance Bank debuted quietly on bourses, debuted at an 8.1% discount to the IPO price on February 14. At the time of closing, the stock price settled at ₹435.00, reflecting a 7.05% dip from issue price.

The IPO, valued at ₹523.07 Crore, garnered a subscription rate of 4.17 times from February 7 to February 9. It comprised a fresh issue of 96.15 lakh shares, raising ₹450 Crore, and an offer-for-sale (OFS) of 15.61 lakh shares worth ₹73.07 Crore.

The price range for the IPO was fixed at ₹445-468 per share, with selling shareholders including Oman India Joint Investment Fund II and Amicus Capital. Capital Small Finance Bank, formerly known as Capital Local Area Bank, was established in April 2016 as a microfinance lender, headquartered in Jalandhar, India.

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