Capital Small Finance Bank IPO

Investor Alert: Capital Small Finance Bank IPO Oversubscribed! Here’s What You Need to Know

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Discover the latest buzz in the financial world as Capital Small Finance Bank’s IPO witnesses unprecedented subscription rates. Learn how to check your allotment status and secure your share of the action before it’s too late!

The Rush for Shares: IPO Subscription Details

Capital Finance Bank is set to wrap up the allocation process for its shares in the initial public offering (IPO) on Monday, February 12. The Public Offer saw a healthy response, with subscriptions reaching 1.19 times by the second day of bidding.

According to data from the National Stock Exchange (NSE), the ₹523 crore IPO received bids for 97,15,520 shares against the 81,47,373 shares on offer.

In terms of subscription, the Retail Individual Investors (RIIs) category was oversubscribed by 1.34 times, while the quota for Qualified Institutional Buyers (QIBs) was covered 1.06 times. Non-institutional investors also showed interest, with a subscription of 1.03 times.

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Who’s In, Who’s Out: Analysis of Subscription Categories

Breaking it down further, QIBs showed significant interest with a subscription rate of 6.64 times, while non-institutional investors followed closely with a rate of 4.05 times. Retail Individual Investors (RIIs) weren’t far behind, with a subscription rate of 2.49 times.

The IPO comprised a fresh issue of up to ₹450 crore and an offer-for-sale of up to 15,61,329 equity shares, with a price range of ₹445-468 per share. On Tuesday, Capital Small Finance Bank garnered ₹157 crore from anchor investors.

This bank, based in Jalandhar and established in 2016 after converting from a local area bank, is 24% owned by the promoter family led by Sarvjit Singh Sarma and his family. The offer was managed by Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital.

How to Check Your Allotment Status

For investors keen to check their IPO share allotment status, can do so online through the BSE website or the website of the official registrar, Link Intime India Private Ltd.

Here’s how to check the allotment status on the BSE website:

  1. Go to https://www.bseindia.com/investors/appli_check.aspx
  2. Select the equity option and choose Capital Small Finance Bank from the drop-down menu.
  3. Enter either the Application Number or the PAN (10-digit alphanumeric) number.
  4. Click on Captcha to verify.
  5. Click on the submit button

Successful bidders will see the number of shares allotted displayed on the screen.

Alternatively, investors can visit the Link Intime registrar website for IPOs at https://linkintime.co.in/IPO/public-issues.html.

  1. Select Capital Small Finance Bank from the drop-down menu on the landing page.
  2. Enter PAN, Client ID, or Bank account number.
  3. Click on submit.

After the finalization of the allotment basis on February 12, eligible investors will be allocated shares. Refunds will be initiated for investors who were not allotted shares. Shares for successful bidders will be credited to their demat accounts on February 13.

Shikha Rai

Shikha Rai is an experienced business journalist and accomplished columnist. With a keen analytical eye, she has always been interested in the world of business and today she has turned this interest into a source of income by joining the BB team. Though not an expert, working with true dedication is not only his profession but also his principle.

Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and Capital SFB and NSE have contributed to the above report

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