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Capital SFB IPO set to hit bourses tomorrow; GMP projects ahead

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TLDR:

  • Capital Small Finance Bank IPO is set to debut on the stock exchanges on February 14.
  • The IPO price band is set at ₹445-468 per equity share.
  • The grey market premium (GMP) for the IPO is currently at zero, indicating no premium or discount in the market.

The Capital Small Finance Bank IPO is scheduled to be listed on the stock exchanges tomorrow, February 14. The IPO price band has been set at ₹445-468 per equity share. The grey market premium (GMP) for the IPO currently stands at zero, indicating that the shares are trading at their issue price with no premium or discount in the market. The IPO received a good response from both retail and non-institutional investors, with the subscription status reaching 4 times on the final day. The refund process has already begun for individuals who were not allotted shares, while those who were allotted shares will receive them in their demat accounts on the same day of listing.

In the grey market, which indicates investors’ readiness to pay more than the issue price, the GMP for the Capital Small Finance Bank IPO is currently zero, according to investorgain.com. Analysts expect the GMP to drop even further based on the downward trend observed in the last 13 sessions of grey market activity. The lowest GMP recorded so far is zero, while the highest is ₹50.

The Capital Small Finance Bank IPO opened for subscription on February 7 and closed on February 9. The IPO consists of a fresh issue of shares worth ₹450 crore and an offer-for-sale (OFS) of 1,561,329 equity shares. The IPO received a decent response from investors, with the subscription status reaching 4 times on the final day. The bank’s promoters are Navneet Kaur Samra, Surinder Kaur Samra, Dinesh Gupta, Sarvjit Singh Samra, and Amarjit Singh Samra. The book running lead managers for the IPO are Nuvama Wealth Management Limited, Dam Capital Advisors Ltd, and Equirus Capital Private Limited, while the registrar is Link Intime India Private Ltd.

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