Capital Small Finance Bank IPO Details
Issue Date
07 Feb - 9 Feb'24
Price Range
₹445 - ₹468
Lot Size
32
IPO Size
₹523.07 Cr
Capital Small Finance Bank IPO Listing Details
Listing On
14 Feb'24
Issue Price
₹468
Listed Price
₹ 430
Retail Gain/Listing Gain
▼-8.07%
Schedule of Capital Small Finance Bank IPO
Start date
07/02/2024
End date
09/02/2024
Allotment of bids
Refund Initiation
Listing on exchange
14/02/2024
Company Background
Capital Small Finance Bank is India’s first small finance bank. It offers a range of banking products on the asset and liability side, across multiple states and in the Union Territory of Chandigarh.
The company’s asset products primarily include agriculture loans, MSME and trading loans (working capital, machinery loans etc.) and mortgages (housing loans and loans against property).
With that, let's take a look at the competitive strengths and risk factors for Capital Small Finance Bank Limited:
Competitive Strengths
Retail-focused liability franchise with a high share of CASA
The company has created a retail-centric deposit franchise with a high share of CASA deposits with the CASA ratio increasing from 40.08% in Fiscal 2021 to 41.88% in Fiscal 2023.
Secured and diversified portfolio
The company has built a secured and granular loan book over the years with a focus on income generation. As of March 31, 2023, and September 30, 2023, 99.82% and 99.85% of the loan book, being Rs. 54,975.90 million and Rs. 58,571.93 million was secured with 85.16% and 84.26% respectively of the loans being secured with immovable properties. The company has a well-diversified portfolio across products, which helps in mitigating risk and optimising resources.
Consistent track record of growth with constantly improving operational and profitability metrics
Since converting to an SFB, the company’s operating profit has grown at a CAGR of 44.23% from Rs. 714.86 million in Fiscal 2021, to Rs. 1,487.04 million in Fiscal 2023, and was Rs. 753.84 million as of the six months ended September 30, 2023.
Risk Factors
- The company has settled a matter with SEBI in the past, in connection with allotment of equity shares to more than 49 investors.
- The company must ensure compliance with various regulatory requirements.
- The company is subject to inspections by the RBI due to non-compliances in the ordinary course, in the past.
Key Strategies
- Continue to grow the loan book organically with a focus on secured lending.
- Strengthen the company’s liability franchise.
- Leverage technology and data analytics for scalability and profitable growth.
Capital Small Finance Bank Ltd Key Financials
Here are the key financials for Capital Small Finance Bank Limited:
How to apply for IPO through ASBA
Kotak Securities
•4m 01s
How To Apply for Capital Small Finance Bank Ltd IPO?
Here are the steps to apply for Capital Small Finance Bank Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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