Capital Small Finance Bank has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO consists of fresh issuance of equity shares worth Rs 450 crore and an offer for sale of up to 38.40 lakh equity shares.
The small finance bank (SFB) proposes to utilise net proceed from the fresh issue towards augmentation of the bank's Tier-I capital base to meet the future capital requirements. Edelweiss Financial Services, Axis Capital and SBI Capital Markets are the book running lead managers to the issue.
The Bank pioneered in bringing modern banking facilities to the rural areas at low cost. The Bank is providing safe, efficient and service oriented repository of savings to the local community while reducing their dependence on moneylenders by making need based credit easily available.
Company Name | CMP |
---|---|
HDFC Bank | 1459.70 |
ICICI Bank | 1117.00 |
Axis Bank | 1132.90 |
Indusind Bank | 1413.35 |
Kotak Mahindra Bank | 1701.95 |
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