Upcoming IPO: Capital Small Finance Bank is bringing IPO, draft paper filed in SEBI

Capital Small Finance Bank has filed draft papers with market regulator SEBI to raise funds through an IPO. According to the draft red herring prospectus (DRHP), the bank's IPO comprises a fresh issue of equity shares totaling up to Rs 450 crore and an offer for sale (OFS) of up to 24.12 lakh equity shares by existing investors. Come, let us know about the complete news.

Those selling shares in OFS include Oman India Joint Investment Fund II, PI Ventures LLP, Amicus Capital Private Equity I LLP, and Amicus Capital Partners India Fund I. The company also plans to raise Rs 90 crore in the pre-IPO placement round. If such placement is done, the size of the new issue will be reduced.

The proceeds from the fresh issue will be used to enhance the Tier-I capital base of the bank to meet future capital requirements. Additionally, the funds will be used to meet expenses related to the proposal.