10 months, 1 week ago
Capital Small Finance Bank IPO: Shares Debut At 8 Per Cent Discount Over Issue Price
ABP NewsCapital Small Finance Bank made a weak debut in the stock market on Wednesday. The firm’s shares started trading at Rs 430.25 on the NSE, marking a discount of 8 per cent over the issue price of Rs 468. On the other hand, the company’s stock listed on the BSE at Rs 435, logging a discount of 7 per cent from the issue price, reported PTI. As of September end 2023, the bank operated 173 branches and 175 ATMs, with a little over 75 per cent of the branches located in rural and semi-urban regions, reported Business Standard. About 99.85 per cent of the bank's loan book was secured with 84.26 per cent of the loans supported by immovable assets, as of September 2023 end.
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