Capital Small Finance got the IPO Approval from SEBI. Now the company is going to announce its IPO launch date and other details. Capital Small Finance filed the draft red herring papers (DRHP) in October 2023. Now after the approval, everyone is curious to know the IPO date, price band, and grey market premium. Let’s discuss the detailed review here and know the financials of this company in recent years and Capital Small Finance Bank IPO review.
Capital Small Finance Bank IPO is coming with a fresh issue of ₹450 crore. The offer for sale (OFS) will be of 2,412,685 equity shares. Currently, there are some names on the list of advisors for this IPO like Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital Private are the book-running lead managers.
As we expected, the IPO may hit the market in the upcoming months. We can see the IPO opening around March 2024. However, the official announcement is yet to come. The confirmed date will be updated here. Also, the price band is yet to be announced by the company.
The company was incorporated in 2016 as India’s first small finance bank. Its primary focus is on middle-income customer segments with incomes of 0.5 million to 1 trillion. and it comes under the leading finance banks in India with good CASA and cost of funds and retail deposits. As of June 2023 data, the bank has 172 branches, of which 72 were rural branches, 59 were semi-urban branches, 30 were urban branches, and 11 were metro branches.
Now discussing the financials of Capital Small Finance. As per the financial statement, the company had ₹93.60 Crore net profit in March 2023. While the operating profit was ₹74.68 crore in the same fiscal period with net sales of ₹676.01 crore. Read more latest business updates and top headlines on our website.
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