Capital Small Finance Bank’s IPO is a book built issue of Rs 523.07 crores, consisting of a fresh issue of 0.96 crore shares worth Rs 450.00 crores and an offer for sale of 0.16 crore shares worth Rs 73.07 crores.
The subscription for the Capital SFB IPO commences on February 7, 2024, and closes on February 9, 2024. The allotment is expected to be finalized on Monday, February 12, 2024, with a tentative listing date set for Wednesday, February 14, 2024, on both BSE and NSE.
The IPO price band is set at ₹445 to ₹468 per share, with a minimum lot size of 32 shares. Retail investors need a minimum investment of ₹14,976. For sNII, the minimum lot size investment is 14 lots (448 shares), amounting to ₹209,664, and for bNII, it is 67 lots (2,144 shares), amounting to ₹1,003,392.
Here’s how you can check the allotment status of Capital Small Finance Bank IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Link Intime India website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on February 13, 2024
Established in 1999, Capital Small Finance Bank Limited operates as a small finance bank, obtaining its SFB license in 2015 as the first non-NBFC microfinance entity. With a branch-based operating model, the company has a robust presence in semi-urban and rural regions. Capital Small Finance Bank targets middle-income customers earning between ₹0.4-5 million annually, striving to become their primary banker through a blend of product variety, customer service, physical branches, and digital channels.
Headquartered in Jalandhar, Punjab, the bank strategically extends its SFB operations across northern Indian states including Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh, and UT Chandigarh.
Capital Small Finance Bank GMP
| Date | GMP |
|---|---|
| February 06 | ₹47 |
| February 05 | ₹47 |
| February 04 | ₹50 |
With a price band of ₹468.00, the estimated listing price for Capital Small Finance Bank IPO is ₹515.00, calculated as the cap price plus today’s Grey Market Premium (GMP). This suggests an expected percentage gain of 10.04% per share
