₹ 14976 / 32 shares

IPO Details

RHP/DRHP

Issue Date

07 Feb - 9 Feb'24

Investment/lot

₹ 14976

Price Range

445 - 468

Lot Size

32

IPO Size

₹ 523.07 Cr

IPO Listing Details

Listing On

14 Feb'24

Issue Price

468

Listed Price

₹ 430

Retail Gain/Listing Gain

-8.07%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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:

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.
  • 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.
  • 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.

Here are the key financials for Capital Small Finance Bank Limited:

Particulars (in Rs. million)

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Kotak Securities

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Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any 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.

Top Capital Small Finance Bank Ltd IPO FAQs

Capital Small Finance Bank Ltd will list on 2024-02-14.

523.07 is the issue size of Capital Small Finance Bank Ltd IPO.

The minimum lot size is 32 shares and the investment required is ₹14976.

The price band of Capital Small Finance Bank Ltd IPO is ₹445 to ₹468.

You can read more about Capital Small Finance Bank Ltd and its IPO from the company’s red herring prospectus (RHP) here.

The Capital Small Finance Bank Limited IPO has an issue size of Rs. 450 crores. The IPO opens for subscription on 7th February 2024 and closes on 9th February 2024.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about Capital Small Finance Bank Limited and its IPO from the company’s red herring prospectus (RHP) here:

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