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Capital Small Finance Bank Limited IPO (Capital SFB IPO) Detail

February 7, 2024 - February 9, 2024

Capital SFB IPO is a book built issue of Rs 523.07 crores. The issue is a combination of fresh issue of 0.96 crore shares aggregating to Rs 450.00 crores and offer for sale of 0.16 crore shares aggregating to Rs 73.07 crores.

Capital SFB IPO bidding started from February 7, 2024 and ended on February 9, 2024. The allotment for Capital SFB IPO was finalized on Monday, February 12, 2024. The shares got listed on BSE, NSE on February 14, 2024.

Capital SFB IPO price band is set at ₹445 to ₹468 per share. The minimum lot size for an application is 32 Shares. The minimum amount of investment required by retail investors is ₹14,976. The minimum lot size investment for sNII is 14 lots (448 shares), amounting to ₹209,664, and for bNII, it is 67 lots (2,144 shares), amounting to ₹1,003,392.

Nuvama Wealth Management Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Equirus Capital Private Limited are the book running lead managers of the Capital SFB IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Capital SFB IPO RHP for detailed information.

Capital SFB IPO Details

IPO Date February 7, 2024 to February 9, 2024
Listing Date February 14, 2024
Face Value ₹10 per share
Price Band ₹445 to ₹468 per share
Lot Size 32 Shares
Total Issue Size11,176,713 shares
(aggregating up to ₹523.07 Cr)
Fresh Issue9,615,384 shares
(aggregating up to ₹450.00 Cr)
Offer for Sale1,561,329 shares of ₹10
(aggregating up to ₹73.07 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue35,350,636
Share holding post issue44,966,020

Capital SFB IPO Reservation

Capital SFB IPO offers 11,176,713 shares. 2,235,343 (20.00%) to QIB, 1,676,507 (15.00%) to NII, 3,911,850 (35.00%) to RII and 3,353,013 (30.00%) to Anchor investors. 122,245 RIIs will receive minimum 32 shares and 1,247 (sNII) and 2,494 (bNII) will receive minimum 448 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered3,353,013 (30.00%)NA
QIB Shares Offered2,235,343 (20.00%)NA
NII (HNI) Shares Offered1,676,507 (15.00%)
  bNII > ₹10L1,117,671 (10.00%)2,494
  sNII < ₹10L558,836 (5.00%)1,247
Retail Shares Offered3,911,850 (35.00%)122,245
Total Shares Offered11,176,713 (100%)

Capital SFB IPO Anchor Investors Details

Capital SFB IPO raises Rs 156.92 crore from anchor investors. Capital SFB IPO Anchor bid date is February 6, 2024. Capital SFB IPO Anchor Investors list

Bid Date February 6, 2024
Shares Offered 3,353,013
Anchor Portion Size (In Cr.) 156.92
Anchor lock-in period end date for 50% shares (30 Days) March 13, 2024
Anchor lock-in period end date for remaining shares (90 Days) May 12, 2024

Capital SFB IPO Timeline (Tentative Schedule)

Capital SFB IPO opens on February 7, 2024, and closes on February 9, 2024.

IPO Open Date Wednesday, February 7, 2024
IPO Close Date Friday, February 9, 2024
Basis of Allotment Monday, February 12, 2024
Initiation of Refunds Tuesday, February 13, 2024
Credit of Shares to Demat Tuesday, February 13, 2024
Listing Date Wednesday, February 14, 2024
Cut-off time for UPI mandate confirmation 5 PM on February 9, 2024

Capital SFB IPO Lot Size

Investors can bid for a minimum of 32 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 32 ₹14,976
Retail (Max) 13 416 ₹194,688
S-HNI (Min) 14 448 ₹209,664
S-HNI (Max) 66 2,112 ₹988,416
B-HNI (Min) 67 2,144 ₹1,003,392
Lot Size Calculator

Capital SFB IPO Promoter Holding

The promoters of the Bank, namely Sarvjit Singh Samra, Amarjit Singh Samra, Navneet Kaur Samra, Surinder Kaur Samra and Dinesh Gupta
Share Holding Pre Issue 24.01%
Share Holding Post Issue

About Capital Small Finance Bank Limited

Incorporated in 1999, Capital Small Finance Bank Limited is a a small finance bank. In 2015, Capital SFB became the first non-NBFC microfinance entity to receive the SFB license. The company has a strong presence in semi-urban and rural areas with a branch-based operating model.

Capital Small Finance Bank targets middle-income customer segments with an annual income of ₹0.4-5 million. They aim to be the primary banker for these customers through a mix of product offerings, customer service, physical branches, and digital channels.

Capital Small Finance Bank is headquartered in Jalandhar, Punjab and has strategically expanded its SFB operations in northern states of India such as Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh and UT Chandigarh.

As of June 30, 2023, Capital Small Finance Bank had a presence in five states and one union territory, with a total of 172 branches and 174 ATMs. The bank's branches were predominantly located in rural and semi-urban areas, covering 24 districts, and serving approximately 75.90% of the total customers, both in terms of credit and deposits. This suggests that the bank has a well-defined niche catering to the middle-income group, with a special emphasis on rural and semi-urban areas.

As of March 31 and June 30, 2023, respectively, 99.82% and 99.84% of the bank's loan book was secured, with 85.16% and 84.66% of loans secured by immovable properties.

The average ticket size of Capital Small Finance Bank's agriculture, MSME and trading, and mortgage lending products as of March 31, 2023, were ₹ 1.23 million, ₹ 1.82 million, and ₹ 1.16 million respectively.

As of June 30th, 2023, Capital Small Finance Bank has a total of 1827 employees working for the organization.

Capital Small Finance Bank Limited Financial Information (Restated)

Capital Small Finance Bank Limited's revenue increased by 14.72% and profit after tax (PAT) rose by 49.59% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,390.697,990.777,153.926,371.24
Revenue415.22725.48632.40557.27
Profit After Tax54.3993.6062.5740.78
Net Worth711.76610.61515.78450.79
Reserves and Surplus676.41576.36481.74416.88
Total Borrowing572.76721.38498.43616.72
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Capital SFB IPO is Rs 2104.41 Cr.

KPI Values
ROE16.45%
Debt/Equity0.95
RoNW15.33%
P/BV1.81
Pre IPO Post IPO
EPS (Rs) 26.4824.19
P/E (x) 17.6819.35
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Capital SFB IPO Objectives)

The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting our Bank's Tier-I capital base to meet the Bank's future capital requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer. The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Capital SFB IPO Review (May apply)

[Dilip Davda]  This small finance bank is currently north region centric financial service provider and mulls Pan India presence in coming years with expansion of branch network. For the reported periods, it posted steady growth in top and bottom lines. Based on FY24 annualized earnings, it appears aggressively priced issue. Well-informed investors may park funds for the long term rewards. Read detail review...


Capital SFB IPO Subscription Status (Bidding Detail)

The Capital SFB IPO is subscribed 4.17 times on February 9, 2024 5:59:00 PM. The public issue subscribed 2.60 times in the retail category, 6.86 times in the QIB category, and 4.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB6.86
NII4.23
    bNII (bids above ₹10L)3.63
    sNII (bids below ₹10L)5.43
Retail2.60
Total4.17

Total Application : 267,697 (2.19 times)

Capital SFB IPO Prospectus

Capital SFB IPO Rating

7
3.7
Rating:Rated 3.7 stars
Vote Here ...

Capital SFB IPO Listing Details

Listing Date February 14, 2024
BSE Script Code 544120
NSE Symbol CAPITALSFB
ISIN INE646H01017
Final Issue Price ₹468 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹468.00
₹435.00
₹421.10
₹462.95
₹434.30
NSE
₹468.00
₹430.25
₹421.00
₹462.90
₹435.00

Check IPO Performance…

Capital Small Finance Bank Limited Contact Details

Capital Small Finance Bank Limited
MIDAS Corporate Park, 3rdFloor,
37, G.T. Road,
Jalandhar 144 001,
Phone: +91 181 5051111
Email: cs@capitalbank.co.in
Website: https://www.capitalbank.co.in/

Capital SFB IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: capitalsfb.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Capital SFB IPO FAQs

Capital SFB IPO is a main-board IPO of 11,176,713 equity shares of the face value of ₹10 aggregating up to ₹523.07 Crores. The issue is priced at ₹445 to ₹468 per share. The minimum order quantity is 32 Shares.

The IPO opens on February 7, 2024, and closes on February 9, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Capital SFB IPO using UPI as a payment gateway. Zerodha customers can apply in Capital SFB IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Capital SFB IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Capital SFB IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Capital SFB IPO opens on February 7, 2024 and closes on February 9, 2024.

Capital SFB IPO lot size is 32 Shares, and the minimum amount required is ₹14,976.

You can apply in Capital SFB IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Capital SFB IPO will be done on Monday, February 12, 2024, and the allotted shares will be credited to your demat account by Tuesday, February 13, 2024. Check the Capital SFB IPO allotment status.

The Capital SFB IPO listing date is on February 14, 2024.
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Capital SFB IPO Message Board

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298 Comments

129. ASHWINI BHOSLE |   Link |  Bookmark |March 4, 2024 3:54:36 PM
New Member New Member
hi,

I have allotted IPO, since listed on BSE/NSE it is in range of 362 to 440. can we hold the share or sell it.
129.1. Rajiv RR |   Link |  Bookmark |March 4, 2024 4:12:45 PM
FYI - I booked some loss and using the capital for other IPO's. It might take some time to break even is what I personally feel.
129.2. ASHWINI BHOSLE |   Link |  Bookmark |March 5, 2024 8:45:36 AM
New Member New Member
U mean i have to be patient, & keep the shares. Right
128. JitendraShah |   Link |  Bookmark |March 2, 2024 6:17:56 AM
Share Holding Pre Issue      24.01%
Share Holding Post Issue      ????????

promotors ne pura holding bech diya kya???

pahele customers bank ko dubote the abhi bank shareholders ko dubata hey kya??
127. JitendraShah |   Link |  Bookmark |March 2, 2024 6:11:52 AM
investor ko duba diya.

still waiting .
what to do??

pahele customers are looting bank. abhi bank ne customers ko heavy premium leke lutna chalu kiya??

bank to nahi dubega ne!
126. G profit |   Link |  Bookmark |February 29, 2024 7:30:46 PM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
This IPO seems to be one of the worst performers in recent times. Nearly 20% down from ipo price. Greedy promoters and greedy lead managers cause bleeding for investors
125. Kiaan |   Link |  Bookmark |February 21, 2024 5:52:48 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Newgen Consultancy.,...sir, any opinion on /for alloted Capital SFB shares.
Thanks
124. News Wala Banda |   Link |  Bookmark |February 19, 2024 12:29:57 PM
NIIF invests $25 million in a Bengaluru investor that backs RenewBuy and Capital Small Finance Bank
123. Gaurav DD dimer |   Link |  Bookmark |February 15, 2024 2:44:02 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Exited today my bhni at issue price of 468.
Loss of brokerage, stt, gst etc).
123.1. G profit |   Link |  Bookmark |March 1, 2024 6:01:37 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
@Gaurav DD dimer Any idea about this bank. Still holding two lots. Better to average it or exit?
122. Regulagedda Ambica Prasad |   Link |  Bookmark |February 15, 2024 1:51:11 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
True price will appear next week sure.
Will settle marginally a little higher than issue price
121. Chhote Lal |   Link |  Bookmark |February 15, 2024 9:46:33 AM
Top Contributor Top Contributor (1500+ Posts, 700+ Likes)
Capital SFB and Jana SFB both are showing strength today. Let's watch which one outperform other.
120. G profit |   Link |  Bookmark |February 15, 2024 6:39:40 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
Companies and Lead managers finalise ipo rates when the markets are in peak,. Even a small change in sentiment and small correction in markets, many ipos list below ipo price and causing capital burning for investors.
120.1. IPOTraders |   Link |  Bookmark |February 15, 2024 6:48:31 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
@G profit That's why more number of IPOs come during bull market.
119. Sanch |   Link |  Bookmark |February 14, 2024 9:14:35 AM
Pathetic opening... Jana is also bad. Got shates in these 2 ipo , not Rashi... getting allotments when there is negetive or nearly negetive opening. SEBI- Please check what is happening in the name of lottery....
119.8. Chhote Lal |   Link |  Bookmark |February 15, 2024 8:13:12 AM
Top Contributor Top Contributor (1500+ Posts, 700+ Likes)
Forum toh ek dum sahi hai. Vyaktigat soch aur drishtokon mein thoda badlaav laane ki aavshaykta hai shayad. Sabhi har bar bhagyeshaali na ho yeh baat pachana thoda katthin ho sakta ha, asambhav nahin. Prayatsheel rahiye, kamyaabi milegi !
119.9. IPOTraders |   Link |  Bookmark |February 15, 2024 6:08:05 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
@Sanch Nothing problem in discussion all issues related to IPO, in the forum.
But you can not expect everyone to agree with your thoughts.
Now see if Vibhor is subscribed 167x in retail (application wise), then there will be 166 unlucky and only 1 will be lucky.
To adhiktar to yahi bolenge, hamko to nahin mila, Milne Wale ki setting hogi Ragistrar se.
118. Sandeep gulati |   Link |  Bookmark |February 14, 2024 6:18:29 PM
As expected negative listing ,after such a time got allotment what to say
118.2. Mogambo ka Bhateeja |   Link |  Bookmark |February 15, 2024 1:35:20 PM
In this sector, "keeping patience" may often mean more than two quarters. Means more that six months. Sometimes more than a year. Not always, but "sometimes".

Not to discourage you, just stating the harsh truth I have already experienced in past. But yes, it "may" be rewarding in the end.
118.3. JitendraShah |   Link |  Bookmark |March 2, 2024 6:19:44 AM
100% such.
117. svh |   Link |  Bookmark |February 14, 2024 9:44:30 AM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Don't miss the chance to exit above 450.
🙏👍
117.1. svh |   Link |  Bookmark |February 14, 2024 1:41:59 PM
IPO Guru IPO Guru (2300+ Posts, 3600+ Likes)
Shorting done above 450
Squared-off @ CMP
🙏👍
116. PKRAJ |   Link |  Bookmark |February 14, 2024 9:09:47 AM
A bad day of listing. Market in negative conditions. As expected Capital SFB, a bad listing as expected but further down trend. Only Rashi positive listing.
This is as per expectations. Subscription figures and GMP had given the same direction.
Let's hope, Market closes better.
Wait for other good IPOs.
116.1. Chhote Lal |   Link |  Bookmark |February 14, 2024 1:37:42 PM
Top Contributor Top Contributor (1500+ Posts, 700+ Likes)
Absolutely, market sentiments appear weak and these debutants too. Let's see if trend changes and how soon.
115. MVP |   Link |  Bookmark |February 14, 2024 12:16:40 PM
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
I exited at 456 with small loss of 380.
All good.
115.1. Earthking |   Link |  Bookmark |February 14, 2024 1:24:49 PM
IPO Mentor IPO Mentor (1000+ Posts, 400+ Likes)
i too exited my allotted lots with minor loss ... (both in Capital and Jana)
114. Regulagedda Ambica Prasad |   Link |  Bookmark |February 14, 2024 11:45:19 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Bought in market at discount to issue price.
No regrets for not getting allotted.
113. rohiitian |   Link |  Bookmark |February 14, 2024 9:36:04 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Capital SFB has recovered - almost flat now. People who are holding might actually get a gain from this
113.1. GrayIsTheNewBlack |   Link |  Bookmark |February 14, 2024 9:50:09 AM
IPO Guru IPO Guru (1800+ Posts, 1100+ Likes)
@rohiitian Yes, amongst the three listings this seems to be with the strongest buying force.
Bought for intraday at 432 after seeing the initial price action, unfortunately had little money in trading account so bought very small quantity to even give any meaningful gains.
113.2. MuStrFc |   Link |  Bookmark |February 14, 2024 11:18:25 AM
IPO Mentor IPO Mentor (1200+ Posts, 600+ Likes)
@rohiitian Holding 2 allotted of Rashi and one of Capital SFB. Jana despite the room for upmove seems to be under more pressure.
112. ipo stonks |   Link |  Bookmark |February 14, 2024 9:48:55 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Also, did anyone notice the trading volume is going on very very slow in both Capital and Jana.
111. Abhii VPG |   Link |  Bookmark |February 14, 2024 9:46:07 AM
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Capital going strong as compared to Rashi & Jana. 👍🏻👍🏻
110. SSingh |   Link |  Bookmark |February 14, 2024 9:45:42 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Strong buying momentum.. Entered for the next upmove at ~430👍

Please Don’t follow me as I have different strategies that change quickly.. ao please dont be like Abhimanyu 😁