Capital Small Finance Bank, one of India's leading small finance banks (SFBs), has submitted its initial public offering (IPO) papers to the Securities and Exchange Board of India (SEBI).
The IPO includes a fresh issue of Rs 450 crore ($60.6 million) and an offer for sale (OFS) of 2.412 million equity shares. Additionally, the bank plans a pre-IPO placement of Rs 90 crore ($12.1 million) to bolster its Tier - I capital base, further strengthening its financial position.
Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital are entrusted with managing the issue. The bank's shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), broadening its investor base and potentially increasing liquidity.
Capital Small Finance Bank is recognized as a prominent player in the SFB sector in India, with a remarkable secured lending rate of 99.82 percent. This high secured lending rate indicates the bank's robust risk management practices and could potentially make it an attractive proposition for investors seeking to participate in the upcoming IPO.
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