Private equity and venture capital-backed Capital Small Finance Bank Ltd has filed the draft papers with the Securities and Exchange Board of India (Sebi) to raise funds through a public issue.
The IPO consists of a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by its existing shareholders and promoters. The OFS comprises up to 8.37 lakh shares by Oman India Joint Investment Fund II, up to 3.37 lakh shares by PI Ventures LLP, up to 6.05 lakh shares by Amicus Capital Private Equity I LLP, up to 70,178 shares by Amicus Capital Partners India Fund-I and up to 5.64 lakh shares by other shareholders.
The funds raised from the issue will bolster the lender’s Tier-I capital to address future capital needs driven by asset growth, especially in loans and investments, and to ensure compliance with the RBI’s capital adequacy regulations, the lender said. The bank is supported by private investors, including Amicus Capital, Oman India Joint Investment Fund (OIJIF), and Pi Ventures. It recently received an equity investment from Max Life Insurance Company Ltd, valuing the bank at over Rs 1,600 crore for a minority equity stake.
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