Capital Small Finance Bank IPO listing today: Check GMP, what experts indicate for market debut

livemint.com:

Capital Small Finance Bank IPO: The listing date of the initial public offering (IPO) of Capital Small Finance Bank (SFB) has been fixed on February 14, 2024. Capital Small Finance Bank share price will list on BSE and NSE and it will become open for trade on the bourses from 10:00 AM during Wednesday deals. According to stock market experts, Capital Small Finance Bank IPO received a muted response from investors and the issue was subscribed 4.17 times on the third and final day of bidding.

The public issue was slightly over priced but due to trend reversal on Dalal Street, the issue may sail through on the listing date, said analysts. With over 16 years of experience in operating as a local area bank, Capital SFB has a deep understanding of growing its deposit base, they added. This has helped the bank to create a retail-centric deposit franchise with a high share of CASA deposits, with the CASA ratio increasing from 40.1 per cent in FY21 to 41.9 per cent in FY23.

Its strategy of secured lending, primarily for productive purposes and a conservative loan-to-value ratio, contributes towards lower delinquencies and credit losses, according to analysts. Also Read: Capital Small Finance Bank IPO subscribed 4 times on final day; NII, QIB portions see huge demand Speaking on Capital Small Finance Bank IPO listing, Shreyansh V. Shah, Research Analyst, StoxBox said, ‘’Capital SFB IPO received a muted 4x subscription and we expect a muted opening at the issue price of Rs.