CAPITAL SMALL FINANCE BANK LIMITED’S INITIAL PUBLIC OFFERING OF EQUITY SHARES OPENS ON WEDNESDAY, FEBRUARY 7, 2024

 

Mumbai: "Capital Small Finance Bank Limited" (the “Bank” or “Capital SFB”), shall open the initial public offering of its Equity Shares of face value ₹ 10 on Wednesday, February 7, 2024. (“Offer”).

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 ₹ 445 to ₹ 468 per Equity Share. Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares after that. The initial public offering comprises a fresh issue of Equity Shares aggregating to ₹ 4,500 million [₹ 450 crore](“Fresh Issue”)and an offer of sale of up to 1,561,329 Equity Shares by the Selling Shareholders (“Offer for Sale” and together with the Fresh Issue, the “Offer”).

The Bank proposes to utilize the Net Proceeds from the Fresh Issue to augment 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 to continue to meet applicable capital adequacy ratios concerning 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 of the Offer. (the “Objects of the Issue”).

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 (collectively, the “Investor Selling Shareholders”) and up to 555,904 Equity Shares by certain other persons listed in the Red Herring Prospectus (collectively, the “Other Selling Shareholders” and together with the Investor Selling Shareholders, the “Selling Shareholders”).

The Equity Shares are being offered through the Red Herring Prospectus dated February 1, 2024 (“RHP”) filed with the Registrar of Companies, Punjab and Chandigarh at Chandigarh (“RoC”).  The Equity Shares issued through the RHP are proposed to be listed on the Stock Exchanges BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” together with BSE, the “Stock Exchanges”). For the Offer, the designated stock exchange shall be BSE Limited.

Nuvama Wealth Management Limited(formerly known as Edelweiss Securities Limited), DAM Capital Advisors Limited, and Equirus Capital Private Limited are the Book Running Lead Managers to the Offer.