About Capital Small Finance Bank LimitedIncorporated in 1999, Capital Small Finance Bank Limited offers a range of banking products in semi-urban and rural regions. Its product offerings primarily include agriculture loans, MSME and trading loans (working capital, machinery loans etc.) and mortgages (housing loans and loans against property). It primarily focuses on the middle income customer segment, with 41% of its branches in rural areas, 34% in semi-urban areas and 23% in urban areas as of 30 September 2023. It operates a branch-based model with a network of 173 branches and 175 ATMs covering 24 districts in five states and one union territory in India namely, Punjab, Haryana, Rajasthan, Delhi, Himachal Pradesh and Chandigarh. It leveraged its technological capabilities, and this transition allowed it to have a wider outreach with ₹10.39 million digital transactions during FY23. It saw a CAGR rise of 17% in its net interest income and nearly 32% in its profit between FY21 and FY23. Meanwhile, its gross non-performing asset (NPA) stood at 2.73% of total advances, while net NPAs were at 1.36% of total advances as of 30 September 2023. Moreover, small finance banks’ loan portfolio is expected to grow at a CAGR of 22% to 24% between FY23 and FY25, which could benefit the bank. And now, Capital Small Finance Bank Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to augment the bank’s Tier – I capital base, and increase the branch network and the lending business. Its shares will be listed on the NSE and the BSE. Here are key details about the Capital Small Finance Bank Limited IPO:
Financial snapshot
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Here’s a quick look at Capital Small Finance Bank Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Capital Small Finance Bank Limited IPO details|Capital Small Finance Bank Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Capital Small Finance Bank IPO’s opening date – in other words, the Capital Small Finance Bank IPO launch date – will be 7th February 2024. The Capital Small Finance Bank IPO closing date is 9th February 2024. After this, investors will be updated about the allotment status on 12th February 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 13th February 2024. The Capital Small Finance Bank IPO listing date is 14th February 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Capital Small Finance Bank Limited IPO Price BandThe IPO is an offer for sale as well as a fresh issue. The Capital Small Finance Bank IPO price band has been set between ₹445 and ₹468 per share. Interested investors can choose a price within this band to apply for the IPO. The Capital Small Finance Bank IPO listing price will be determined on 14th February 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |Capital Small Finance Bank Limited IPO Lot size The Capital Small Finance Bank IPO details have been declared. The Capital Small Finance Bank IPO lot size is set at 32 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Capital Small Finance Bank IPO issue size is approx ₹523 crore. |
How to pre-apply for the Capital Small Finance Bank Limited IPO?You can pre-apply for the Capital Small Finance Bank Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Capital Small Finance Bank Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Capital Small Finance Bank Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Capital Small Finance Bank Limited IPO on Upstox:
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How to check the Capital Small Finance Bank LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Capital Small Finance Bank Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Capital Small Finance Bank Limited IPOTo apply for the Capital Small Finance Bank Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Capital Small Finance Bank Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Capital Small Finance Bank Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Capital Small Finance Bank IPO means applying for this public issue before it goes live. Click here to pre-apply for the Capital Small Finance Bank IPO on Upstox.
You can pre-apply for the Capital Small Finance Bank IPO from 5 February 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Capital Small Finance Bank IPO opens for the subscription.
The Capital Small Finance Bank IPO launch date is 7th February 2024. The Capital Small Finance Bank IPO will be open for subscription till 9th February 2024.
The Capital Small Finance Bank lot size is 32 shares and the minimum investment required is ₹14,976.
The Capital Small Finance Bank IPO price band is ₹445 – ₹468 per share
The size of the Capital Small Finance Bank IPO is approx. ₹523 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 13th February 2024.
Capital Small Finance Bank shares will be on NSE and BSE.
Capital Small Finance Bank shares’ listing date is 14th February 2024.