Issuer details
- India’s 4th largest Small Finance Bank in terms of AUM and deposit size
- Focused on driving financial inclusion in India by serving the under-banked and under-served customers for 16 years
- Asset book of over INR 18,000 Cr (Mar’23) diversified across the products such as Micro LAP, MSME, Affordable housing, Micro business, Micro finance, Gold loans, etc with 55% of secured advances
- Pan-India footprint with presence across 24 states and UTs with low geographic concentration of deposit and advances
Key transaction highlights
- SBICAPS delivered a stellar performance with the highest procurement amongst 3 BRLMs at 44% of the total anchor allocation and 47% of the total pre-IPO placement
- SBICAPS was crucial in converting marquee long-only investors across domestic MFs, Insurance companies & FIIs through out the IPO process
- SBICAPS played a crucial role as the post-issue banker enabling a seamless and successful closure
- SBICAPS helped the Bank achieve its strategic objective of raising growth capital while meeting the regulatory guidelines of being a listed SFB
Issue Details
| Fund Raise Size | INR 683 Cr | |
| Pre-IPO size | INR 113Cr | |
| Primary IPO size | INR 462 Cr | |
| OFS size | INR 108 Cr | |
| Issue Price | INR 414 per share | |
| Issue Period | Feb 07 - 09, 2024 | |
| Overall Subscription | 19.4x* |
