The share allotment of Capital Small Finance Bank will likely be finalised today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE.
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company’s name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Jana Small Finance Bank allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.
Step 2: Select Capital Small Finance Bank IPO
Step 3: Enter the application number and Captcha to know the status
Capital Small Finance Bank GMP and subscription
The IPO of Capital Small Finance Bank was subscribed 4 times at close. The company’s shares will list on the exchanges on February 14. In the unlisted market, the GMP is around Rs 30, which signals a listing gain of about 7%.
Capital Small Finance Bank commenced operations as India’s first small finance bank in 2016. They offer a range of banking products on the asset and liability side. It has 42% of the branches in rural areas, 34% branches in semi-urban areas and 24% in urban areas, as of September 2023.
The Bank has a diversified portfolio with sizable books in multiple asset classes with proportion of secured lending of 99.85% as on September 2023.
Since FY21, its loans, with a ticket size of up to Rs 25 lakh, increased from 62.88% of its total loan book to 67.80% in FY23.
In the period ended September 2023, the company’s revenue from operations increased 21% to Rs 415 crore and the net profit rose 31% to Rs 54.3 crore.
Nuvama, Equirus Capital and DAM Capital are the book running lead managers to the issue.
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