Capital Small Finance Bank IPO
Capital Small Finance Bank Limited (CAPITALSFB) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 February 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.2% (likely range -4% to +25%), day's high +8.6%, chance of a gain 33%. Actual: -8.1% at the open, -1.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 23,10,528 | 1,53,32,864 | 6.64x | |
| NII (HNI) total | 17,51,054 | 70,92,032 | 4.05x | |
| Big NII (above ₹10 lakh) | 11,67,369 | 40,58,016 | 3.48x | |
| Small NII (₹2-10 lakh) | 5,83,685 | 30,34,016 | 5.20x | |
| Retail | 40,85,791 | 1,01,81,440 | 2.49x | |
| Total | 81,47,373 | 3,26,06,336 | 4.00x |
Bids on NSE and BSE together, as published by NSE, as of 09 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 27% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Capital Small Finance Bank's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Elin ElectronicsDec 2022 | 4.51x | 3.29x | 2.20x | 3.09x | ₹501 Cr | -1.2% | -0.8% |
| Craftsman AutomationMar 2021 | 5.21x | 2.84x | 3.43x | 3.81x | ₹824 Cr | -8.8% | 0.0% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| Metro BrandsDec 2021 | 8.49x | 3.02x | 1.13x | 3.64x | ₹1,368 Cr | -12.6% | +1.6% |
| Divgi TorqTransfer SystemsMar 2023 | 7.83x | 1.40x | 4.31x | 5.44x | ₹412 Cr | +5.1% | +5.1% |
| Krishna Institute of Medical SciencesJun 2021 | 5.26x | 1.89x | 2.89x | 3.86x | ₹2,145 Cr | +22.3% | +28.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| Equirus Capital | 34 | +21.3% | 74% |
Offer documents (NSE)
Frequently asked
What is the Capital Small Finance Bank IPO price band and lot size? ₹445–468 per share, with a lot of 32 shares, so the smallest retail bid is ₹14,976.
How many times has it been subscribed? 4.00x overall: QIB 6.64x, NII 4.05x, retail 2.49x.
How did it list? It opened at ₹430, -8.1% against the issue price of ₹468, and closed its first day -7.0%.
