Capital Small Finance Bank Limited

Initial Public Offering


February 2024


Banking, Financial Service and Insurance


INR 5,231 MN

Deal Value

Capital Small Finance Bank Limited

Deal Details & Contribution

  • IPO of the 1st Small Finance Bank established in India
  • Deal saw strong participation across investor categories despite multiple issues launched at the same time
    • QIB* – ~7x, HNI – ~4x, Retail – ~3x
  • As the left-lead and post-issue banker, hand-held the Company in end-to-end execution, swift regulatory approvals and post issue activities thereby ensuring timely launch and smooth closure
  • Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue
    • 44% share in Anchor Segment in terms of amount
    • Procured the largest FII bid and 2 out of 3 largest bids in the Anchor Segment
  • With this transaction, Nuvama has successfully closed 6 Bank / NBFC ECM transactions in last 6 months
  • Nuvama continues to maintain its dominant position in SFB IPOs^ with a Market share of ~40% having closed 4 out of the 10 IPOs in the space

Client Testimonial

“Nuvama Team’s execution of our IPO is highly praiseworthy. Their strategic direction, careful planning and unwavering dedication were instrumental in ensuring the success of our offering. The expertise and professionalism they exhibited instilled confidence amongst all stakeholders. I wholeheartedly thank Nuvama Team and look forward for future collaborations with them.”