Capital Small Finance Bank Limited shall open the initial public offering of its Equity Shares of face value Rs 10 on Wednesday, February 7, 2024. The Anchor Investor Bidding Date shall be Tuesday, February 6, 2024. The Offer will open on Wednesday, February 7, 2024 for subscription and will close on Friday, February 9, 2024. The Price Band of the Offer has been fixed at Rs 445 to Rs 468 per Equity Share. Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter. The Equity Shares are to be listed on the BSE and NSE.
The initial public offering comprises a fresh issue of Equity Shares aggregating to Rs 450 crore and an offer of sale of up to 1,561,329 Equity Shares by the Selling Shareholders.
The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank’s Tier – I capital base to meet its future capital requirements. As the Bank continues to grow its loan portfolio and asset base, the Bank expects to require additional capital in order to continue to meet applicable capital adequacy ratios with respect to its business. The Bank intends to grow its loan advances which would require Tier – I capital to comply with the applicable capital adequacy requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer.
The Offer for Sale comprises Equity Shares aggregating up to 836,728 Equity Shares by Oman India Joint Investment Fund II; up to 151,153 Equity Shares by Amicus Capital Private Equity I LLP; up to 17,544 Equity Shares by Amicus Capital Partners India Fund I and up to 555,904 Equity Shares by certain other persons listed in the Red Herring Prospectus and together with the Investor Selling Shareholders.
