09 Feb , 2024 By : Debdeep Gupta
Capital Small Finance Bank IPO was booked 1.5 times on the final day; the HNI portion was fully bought, comprises a fresh issue of shares amounting to Rs 450 crore and an offer-for-sale of 15.61 lakh equity shares valued at Rs 73.07 crore
The Capital Small Finance Bank's initial public offering was subscribed 1.53 times on February 9, the final day of bidding as investors picked up 1.24 crore equity shares against an offer size of 81.47 lakh.
Non-institutional investors were at the forefront, picking up 1.73 times the portion set aside for them, followed by retail investors who bought 1.72 times their allotted quota, and qualified institutional buyers (QIBs), who booked 1.06 times their portion.
Capital Small Finance Bank is aiming to raise Rs 523.07 crore from the public issue, offering 1.1 crore equity shares in the price range of Rs 445-468. An amount of Rs 157 crore was secured from anchor investors on February 6, a day before the IPO opened.
The public issue, closing on February 9, comprises a fresh issue of shares amounting to Rs 450 crore and an offer-for-sale of 15.61 lakh equity shares valued at Rs 73.07 crore by existing shareholders. The bank plans to utilize the net proceeds primarily to augment its Tier–I capital base to meet future capital requirements.
Capital Small Finance Bank reported a robust performance in Q1 FY24 with a 15.6 percent growth in total business, reaching Rs 12,583.68 crore. The bank achieved a profit after tax of Rs 30.10 crore, a significant increase from Rs 18.28 crore in the corresponding period of the previous year.
Total income rose to Rs 202.29 crore from Rs 162.91 crore. As of June 2023, the bank's total advances were at Rs 5,519 crore, and deposits stood at Rs 7,064.35 crore, with a 40.04 percent share of current and savings deposits. The bank also showed improvement in non-performing assets, with gross and net NPAs at 2.81 percent and 1.37 percent, respectively.
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