Capital Small Finance Bank IPO: Bank Gets Market Regulator SEBI Nod To Float IPO
Last year, in November, Capital Small Finance Bank (CSFB) had filed DHRP for an IPO with market regulator SEBI, which includes a Rs 450 crore share issue and an offer for sale of up to 3.84 million shares by Amicus Capital Pvt Equity I LLP and others. Today, the bank gets SEBI nod to float the IPO. SEBI's remark entails that it has given the go-ahead to conduct an IPO.
The main objective of the issue is to augment the Tier-1 capital base of the bank in order to meet future capital needs. Tier I capital base was Rs 446 crore in June 2021, with a capital to risk (weighted assets ratio) of 21.12%. The issue's lead managers are Edelweiss Financial Services, Axis Capital Ltd, and SBI Capital Markets.