Capital Small Finance Bank’s IPO will open on 7th February. Let us know Capital Small Finance Bank IPO Price, Date, and Allotment Details. The company providing agriculture loans, MSME, and trading loans will raise a total of ₹ 523 crore from this IPO.
Capital Small Finance Bank started its life as a small finance bank in 2016, and today is one of the leading small finance banks (SFB) in India in terms of cost of funds, retail deposits, and CASA deposits in 2023. In today’s time, this bank provides services of agriculture loans, MSMEs, trading loans, and mortgage loans. In 2023, the CASA ratio of Capital Small Finance Bank was 41.88% and the highest proportion of retail deposits was 97.90%.
Till now this bank has given good performance in the category of Small Finance Bank. So far, the portfolio of this bank appears to be quite diversified across multiple asset classes. As of now, Capital Small Finance Bank has 172 branches and 174 ATMs and the bank is providing service in 5 states and 1 union territory.
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Capital Small Finance Bank IPO Details
First of all, let us tell you that the IPO of Capital Small Finance Bank will be open for purchase on 7th February and will close on 9th February. One lot of Capital Small Finance Bank IPO will have 32 shares worth Rs 14,976. The IPO price band range will be between ₹445-465.
One investor can bid for 13 lots i.e. 416 shares at a time with an amount of Rs 194,688. The allotment of Capital Small Finance Bank’s IPO will be on February 12 and the IPO listing will be on February 14. The retail quota in this IPO is 15%, QIB is 50%, and HNI is 35%.
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Capital Small Finance Bank will issue fresh 96 lakh shares, the total value of which will be ₹ 450.00 crore. The remaining 16 crore shares worth ₹73.07 crore will be offered for sale. Capital Small Finance Bank’s revenue has increased by 14.72% and profit after tax (PAT) by 49.59% in 2023. In this IPO you can apply through both online and offline mediums.
Looking at all the figures, it seems that the IPO of Capital Small Finance Bank will be successful. Rest, you know better than me whether to invest in it or not. Make smart investments in life and live happily.