The scrip was listed at Rs 435, exhibiting a discount of 7.05% to the issue price. So far, the stock has hit a high of 462.95 and a low of 421.10. On the BSE, over 1.15 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Capital SFB was subscribed 4 times. The issue opened for bidding on 7 February 2024 and it closed on 9 February 2024. The price band of the IPO was fixed at Rs 445-468 per share.

The offer comprised of fresh issue of equity shares aggregating up to Rs 450 crore and offer for sale of up to Rs 15,61,329 equity shares.

None of the promoter and promoter group entities is participating in the OFS. The promoter shareholding would decline to 18.8% post IPO from 24.0% pre-IPO.

The bank proposed to utilize the net proceeds from the offer towards augmenting Bank’s Tier I capital base to meet future capital requirements.

The listing of the bank is also in line with the terms of the RBI SFB licensing guidelines, requiring the bank to list its equity shares on the stock exchanges within three years from reaching network of Rs 500 crore.

Capital Small Finance Bank was first small finance bank (SFB) in India to commence operations on 24 April 2016 pursuant to RBI’s approval dated 4 March 2016. It was one of the ten entities to receive the SFB license in 2015. The bank has a long understanding of needs of target customers with the background as a local area bank since incorporation in 1999.

Headquartered in Jalandhar, the bank operates in five states of Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh and Union Territory of Chandigarh. The bank has 173 branches and 175 ATMs with 76.30% of branches and 75.75% of total customers are located in rural and semi-urban areas. The bank had 7,25,037 customers (both credit and deposit) end September 2023.

The firm reported a net profit of Rs 54.39 crore and net total income of Rs 200.21 crore for the six months ended on 30 September 2023.