IPO Alert: Capital Small Finance Bank Limited

IPO Alert: Capital Small Finance Bank Limited

Feb 7, 2024 - 21:56
 0  21
IPO Alert: Capital Small Finance Bank Limited

IPO Alert: Capital SFB

The Capital Small Finance Bank IPO has seen 50 percent subscription on February 7, the first day of bidding.

Current GMP: 40+

Capital SFB IPO price band is set at ₹445 to ₹468 per share. The minimum lot size for an application is 32 Shares.. Capital SFB IPO opens for subscription on February 7, 2024 and closes on February 9, 2024. The allotment for the Capital SFB IPO is expected to be finalized on Monday, February 12, 2024. 

About The Company

Capital Small Finance Bank Limited is a small finance bank that was founded in 1999. The first non-NBFC microfinance organization to obtain an SFB license was Capital SFB in 2015. With 172 branches and 174 ATMs as of June 30, 2023, Capital Small Finance Bank operated in five states and one union territory. The majority of the bank's branches, which served 24 districts and roughly 75.90% of the overall customer base in terms of deposits and credit, were situated in rural and semi-urban areas.

99.82% and 99.84% of the bank's loan book was secured as of March 31 and June 30, 2023, respectively, with 85.16% and 84.66% of loans being secured by real estate.

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