• Capital Small Finance Bank IPO: Bank Gets Market Regulator SEBI Nod To Float IPO

    15 February

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.