Punjab-based Capital Small Finance Bank is set to go public for raising up to Rs 523.07 crore, on February 7. The price band for the offer has been set at Rs 445-468 per share.
The IPO will close on February 9, while bidding for the anchor book of the issue will open for a day on February 6.
The IPO is a mix of fresh shares worth Rs 450 crore, 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 have 23.96 percent shareholding in the company, and the balance 76.04 percent shares are held 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.
Also read: Rashi Peripherals IPO to open on February 7, plans to raise Rs 600 crore
Funds raised through the fresh issue component will be mainly utilised for augmenting the bank's Tier – I capital base to meet future capital requirements.
Capital Small Finance Bank operates its banking products business in Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh and the Union Territory of Chandigarh. It caters to customers in three segments namely, agriculture, MSME and trading (working capital, machinery loans etc.), and mortgages (housing loans and loans against property).
Half of the issue size has been reserved for qualified institutional buyers, 15 percent for non-institutional investors and the remaining 35 percent shares are for retail investors.
The bids can be made for a minimum of 32 equity shares and in multiples of 32 shares thereafter. Thus, retail investors can invest a minimum of Rs 14,976 for 32 shares and their maximum investment will be Rs 1,94,688 for 416 shares as they can not exceed the investment limit of Rs 2 lakh for IPO.
Capital SFB is set to finalise the basis of allotment of IPO shares by February 12 and the equity shares will be credited to the demat accounts of successful investors by February 13.
The equity shares will be available for trading on the bourses, with effect from February 14, as per the IPO schedule.
Nuvama Wealth Management, DAM Capital Advisors and Equirus Capital are the book running lead managers to the issue.
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