Capital Small Finance Bank IPO: The 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.
The bank has zero direct exposure to microfinancing with most of the loan book consisting of secured assets unlike some of the SFBs, which have a significant exposure to unsecured microfinancing portfolios. CSFB has one of the lowest costs of funds
Capital Small Finance Bank IPO is a mix of fresh issue of 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.
Capital SFB IPO: The lender has priced the IPO in the range of Rs 445-468 per share and investors can bid for 32 shares in one lot, and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.