SEBI Approves Capital Small Finance Bank IPO

Capital Small Finance Bank have received markets regulator Sebi’s go ahead to raise funds through initial public offerings (IPOs). Capital Small Finance Bank’s IPO consists of fresh issuance of equity shares worth Rs 450 crore and an offer for sale (OFS) of up to 38.40 lakh equity shares. The OFS will see the sale of up to 3.37 lakh equity shares by PI Ventures LLP, up to 6.04 lakh equity shares by Amicus Capital Private Equity I LLP, up to 70,178 equity shares by Amicus Capital Partners India Fund I, up to 8.37 lakh equity shares by Oman India Joint Investment Fund II and up to 19.91 lakh equity shares by other shareholders. 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.