Capital Small Finance Bank has received SEBI's approval for its proposed IPO. The IPO consists of a fresh issue of Rs.450 crore and OFS of upto 24,12,685 equity shares. Price Band and other details will be announced later on. The Bank is among the leading SFB in terms of cost of funds and retail deposits for fiscal 2023. Its loan portfolio comprises agricultural, MSME and trading, mortgage lending, retail loans and loans to large corporates. The Bank operates within a highly competitive landscape, contending with significant competition from other SFB and NBFCs.
295.1. Rakcyt| Link| Bookmark|
January 17, 2024 5:25:47 PM
IPO Guru (1300+ Posts, 1300+ Likes)
@PKRAJ Though may be good for small listing gain it is observed of late small or micro bank are facing tough time with increasing interference by RBI by putting lot of restrictions, even HDFC Bank could not escape though being large pvt Bank . Only if interim budget tweek something in favour .
294.1. MAMU| Link| Bookmark|
January 17, 2024 5:25:23 PM
IPO Guru (2000+ Posts, 1200+ Likes)
33 🔥🔥🔥
Khela kar diya finally Weak hands ko bharne he nai diya.
293. lokes| Link| Bookmark|
January 17, 2024 1:10:34 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Applying some retail and some small hni applications....it can do well in medium to long term in my view, short term some ups/down may be there since issue size is bigger here and demand/gmp is not much....since its complete ofs so business wont get any money from ipo and current financials/valuations looks reasonable...this business should have consistent growth in future....
293.1. lokes| Link| Bookmark|
January 17, 2024 4:05:52 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Finally some decent subscription numbers here....gmp also little bit improved...lets see allotted or not...
293.2. Rakcyt| Link| Bookmark|
January 17, 2024 5:22:34 PM
IPO Guru (1300+ Posts, 1300+ Likes)
Well assesed @lokes , applied 4bhni and one shni , chances are bright but not assured as observed in the past IPOs . Mainboard IPOs are respecting thier support levels pretty well of late .
@SandeepKumarsethi Let's do some maths.... How can you compare this with tata tech. Qib portion for tata tech was 527 cr and subscribed 203 times which becomes 1 lakh 7k crores. Now for medi assist Qib portion is 234 cr.. If it cross 100x it will be 23400 cr. Ahuge gap between both... So don't compare them. Tata tech ipo was record.
288. Nifty Singh| Link| Bookmark|
January 17, 2024 4:55:34 PM
Top Contributor (200+ Posts, 100+ Likes)
Med Assist's business stands at the forefront of a health revolution that shows no signs of plateauing anytime soon. The continuous growth of the population, coupled with ongoing reforms in the healthcare and technology sectors, provides ample opportunities for the company's expansion. The government's health schemes (CGHS, RGHS etc.) are expected to incorporate a broader range of services over time, and there is a possibility that health-related insurance may become mandatory in the near future. While the potential for immediate listing gains is uncertain, the long-term outlook for this company is anticipated to be positive. stay happy-stay invested.
287. Hrishikeh| Link| Bookmark|
January 17, 2024 4:42:56 PM
Top Contributor (500+ Posts, 100+ Likes)
wont be surprised agar yaha bhi kuch nahi mila toh
287.1. Hrishikeh| Link| Bookmark|
January 18, 2024 10:26:52 PM
Top Contributor (500+ Posts, 100+ Likes)
@JSK✨ Thanks for sharing the link. I observed an interesting point. As in case of oversubscription, only highest bidders will be considered, i can see almost 15-16 times lowest bidders which won't be eligible to get. So, valid subscription would be who has applied at highest i.e 418 or cut-off for retail. Is it a matter of concern? Can somebody plz correct me if i am wrong in understanding the things here?
283.2. JSK✨| Link| Bookmark|
January 17, 2024 3:20:14 PM
IPO Guru (1600+ Posts, 900+ Likes)
No sense to apply below cut off price @418.. Better to avoid.. Instead of below upper band.. Days are gone when companies allot the shares in ipo at below upper band price..
281.3. AryanRaj| Link| Bookmark|
January 17, 2024 11:01:09 AM
Top Contributor (600+ Posts, 100+ Likes)
@Pangaj Don't be like me Au bank has flexi fd known as sweep in fd and it is best flexi fd right now. Gives best interest rates (upto 8%) and also has lowest acc balance amount after which sweep out is made, only 5k. No threshold is also there which means whatever amount is applied in ipo only that amount is deducted from fd and not in multiples of 5k.