Capital Small IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Capital Small

CMP

353.30

-1.05 (-0.30%)

  • DRHP
₹468

Offer Price

₹ 523.07 Cr

Issue Size

₹ 14,976

Min Investment

4.00x

Times Subscribed

32

Lot size

Time Line

  • 07
    Feb 2024
    Open
  • 09
    Feb 2024
    Close
  • 12
    Feb 2024
    Finalisation of Basis of Allotment
  • 13
    Feb 2024
    Initiation of Refunds
  • 13
    Feb 2024
    Transfer of Shares to Demat Account
  • 14
    Feb 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continue to grow its loan book organically with focus on secured lending

  • Continue to grow its loan book organically with focus on secured lending.

  • Focus on strengthening its operational and profitability metrics

  • Strengthen its liability franchise.

  • Strengthen its liability franchise

Products & Services

  • The Bank has a license to carry out the operations as small finance bank in India and a scheduled bank and are regulated by the Reserve Bank of India.

  • Agriculture loans, MSME and trading loans and mortgages.

Strengths

  • Strong retail liability franchise with a high share of CASA;

  • Retail Focused Liability Franchise with High Share of CASA.

  • Secured and diversified advances portfolio;

  • Secured and diversified advances portfolio.

  • Robust credit assessment processes and risk management practices;

Risks

  • Its business is concentrated in North India, particularly in the state of Punjab, and any adverse change in the economy of North India could have an adverse effect on its financial condition, results of operations and cash flows.

  • Its business is concentrated in North India, with approximately 87% of its total branches located in the state of Punjab. Any adverse change in the economy of North India could have an adverse effect on its financial condition, results of operations and cash flows.

  • The company is subject to strict regulatory requirements and prudential norms. If the company is unable to comply with such laws, regulations and norms it may have an adverse effect on its business, financial condition, results of operations and cash flows.

  • The Bank is subject to strict regulatory requirements and prudential norms. If its unable to comply with such laws, regulations and norms it may have an adverse effect on its business, financial condition, results of operations and cash flows.

  • COVID-19 has had and could continue to have an adverse effect on its business, results of operations and future financial performance.

Company Promoters

Promoters Holding

Issue For IPO
22.39%
Pre Holding

22.39%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2021 Mar-2023 3-Yr trend
Revenue 676.01 (16.90%) 9.05 (-) 15.32 (-)
Gross Profit 676.01 (16.90%) 9.05 (-) 15.32 (-)
Net Income 676.01 (16.90%) 9.05 (-) 15.32 (-)
Assets 676.01 (16.90%) 9.05 (-) 15.32 (-)
Liabilities 676.01 (16.90%) 9.05 (-) 15.32 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Capital Small Finance Bank Ltd 511.44 40.78 6,288.58 5,837.79 9.05 0.00 132.94 15.96 0.93
Capital Small Finance Bank Ltd 676.01 93.60 7,892.62 7,282.01 15.32 0.00 178.27 9.93 0.92
City Union Bank Ltd 4,134.68 592.82 53,311.68 53,311.68 10.14 8.03 79.08 1.11 0.00
IDFC First Bank Ltd 22,727.81 2,484.93 239,882.05 239,882.05 9.61 3.98 39.06 1.03 0.00
AU Small Finance Bank Ltd 4,950.05 1,170.68 51,591.31 51,591.31 18.65 38.19 200.99 2.26 0.00
AU Small Finance Bank Ltd 8,205.41 1,427.93 90,216.12 90,216.12 13.00 21.86 164.64 1.58 0.00
Equitas Small Finance Bank Ltd 3,194.41 384.22 24,715.22 24,715.22 11.31 3.53 29.81 1.55 0.00
Equitas Small Finance Bank Ltd 4,161.88 573.59 34,958.13 34,958.13 11.12 4.71 46.44 1.64 0.00
Ramtech Software Solutions Pvt Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Suryoday Small Finance Bank Ltd 1,183.68 77.69 9,861.22 9,861.22 4.90 7.32 149.28 0.78 0.00
ESAF Small Finance Bank Ltd 2,853.66 302.33 20,223.66 20,223.66 17.62 6.73 38.16 1.49 0.00

Book Running Managers

  • Nuvama Wealth Management Ltd
  • DAM Capital Advisors Ltd
  • Equirus Capital Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

MIDAS Corporate Park 3rd Floor,
37 G T Road,
Jalandhar - 144001
Phone : 91-181-505 1111/505 2222 Email : cs@capitalbank.co.in www.capitalbank.co.in

Offer Related Information

Initial public offer of 11,176,713^ equity shares of face value of Rs. 10 each ("Equity Shares") of Capital Small Finance Bank Limited ("Bank" or "Issuer") for cash at a price of Rs. 468 per equity share (including a share premium of Rs. 458 per equity share) ("Offer Price"), aggregating to Rs. 523.07^ crores (the "Offer"), comprising a fresh issue of 9,615,384^ equity shares aggregating to Rs. 450.00^ crores (the "Fresh Issue") and an offer for sale of 1,561,329^ equity shares aggregating to... More

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