Jalandhar-based Capital Small Finance Bank has raised Rs 156.92 crore through its anchor book launched for a day on February 6, a day before the issue opening.
The Rs 523-crore initial public offering will be opening for subscription on February 7 and the last day for bidding will be February 9.
The small finance bank in its filing to exchanges said it has finalised allocation of 33,53,013 equity shares to anchor investors at a price of Rs 468 per equity share.
Institutional investors that participated in the anchor book included Nippon Life India, Ashoka India Equity Investment Trust, Whiteoak Capital, Edelweiss Tokio Life Insurance, 360 ONE Mutual Fund, Ananta Capital Ventures Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Kotak Mahindra Life Insurance Company, SBI General Insurance Company, and LC Pharos Multi Strategy Fund.
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"Out of the total allocation of 33,53,013 equity shares to the anchor investors, 16,02,592 equity shares, i.e. 47.80 percent of total anchor book, were allocated to 3 mutual funds have applied through a total of 8 schemes," Capital Small Finance Bank said.
Oman India-backed Capital Small Finance Bank intends to raise up to Rs 523.07 crore through its maiden public issue, at the upper end of price band of Rs 445-468 per share.
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The IPO comprises a fresh issuance of Rs 450 crore worth of shares, and an offer-for-sale (OFS) of 15,61,329 equity shares worth Rs 73.07 crore by the existing shareholders.
Investors Oman India Joint Investment Fund II, and Amicus Capital are among the selling shareholders in the OFS.
Promotors hold 23.96 percent stake in the company, and the balance 76.04 percent shares are owned by the public shareholders including Oman India Joint Investment Fund II, Amicus Capital, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Small Industries Development Bank of India, and Max Life Insurance Company.
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The small finance bank, which operates its banking products business in Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh and Union Territory of Chandigarh, is going to utilise net fresh issue proceeds mainly for augmenting its Tier – I capital base to meet future capital requirements.
The bank provides loan to customers in three segments namely agriculture, MSME and trading (working capital, machinery loans etc.), and mortgages (housing loans and loans against property).
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