CAPITAL SMALL FINANCE BANK IPO

Short-term headwind, long-term opportunities for investors: 4 small finance banks with upside potential of up to 35%

The increase in credit costs has been an issue which has been bothering banks, some more, some less. Even the chairman of India’s largest bank had to come out and give a statement regarding it. However the question arises when these headwinds which are periodic in nature and part of the business cycle hits any sector what should be done. Should one move out of the sector? Should one continue to stay invested or should one buy more of the stock of that sector. The answer is dependent on one simple factor which is how large is the opportunity which that sector has. If the answer is that the opportunity is very large, then probably, it is the second and third option which one may look at. Probably in case of small finance banks, which are today reeling under the pressure due to guidance by one bank fit the bill. These banks are no stranger to dealing with challenges since the time they were born. Challenges thrown by regulatory tightening and economic cycles.

WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 crore

WestBridge Capital divested a 1.7% stake in AU Small Finance Bank for Rs 845 crore through an open market transaction, impacting its shareholding in the bank significantly. Goldman Sachs Investments Mauritius I acquired a substantial number of shares in the same bank.

Bajaj Housing Finance files papers for Rs 7,000 crore IPO

Bajaj Housing Finance, a non-deposit taking housing finance company, has filed Rs 7,000 crore IPO DRHP with fresh equity shares and OFS. In the OFS, Bajaj Finance will off-load its shares.

Bajaj Housing Finance files DRHP: Rs 7,000 cr IPO to be launched soon, key things to know

Canara Bank, Bandhan Bank among 10 lenders that saw decrease in NPAs in Q4

A debt that has been past due and unpaid for a predetermined period is known as a non-performing asset (NPA). According to Trendlyne Data, Canara Bank, Punjab & Sind Bank, Bandhan Bank, and Central Bank of India are the top banks that saw a decrease in NPA in Q4FY24. Here's a list:

Bajaj Housing Finance board approves plan to raise Rs 4,000 crore via IPO

Bajaj Housing Finance, currently a subsidiary of Bajaj Finance, is among 15 NBFC and housing finance companies (HFCs) classified in the so-called upper layer of the RBI, according to a list that was released on September 30, 2022.

These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts

One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

India bankers brace for IPO surge as election uncertainty lifts

About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.

Beacon Trusteeship IPO booked 65 times on Day 2; Z-tech India's issue subscribed 8x

Beacon Trusteeship's IPO garners strong investor interest, garnering 66 times bids on the second day of bidding. The company plans to raise funds for technology infrastructure, subsidiary investment, and other corporate purposes.

FD interest rate up to 9.1% in May 2024: These 7 banks have revised fixed deposit rates in May

Many banks have revised their fixed deposit interest rate in the month of May. These banks include SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, Capital Bank Small Finance Bank.

FD interest rate of up to 9.1%: These four banks have revised fixed deposit interest rates in May 2024

In May 2024, many banks, including Utkarsh Small Finance Bank (SFB), City Union Bank, RBL Bank, and Capital Small Finance Bank, revised their fixed deposit interest rates. Here is a list of banks and their revised FD rates in May, with the highest interest rates and tenures.

Capital Small Finance Bank looks to double advances growth, eyes branch expansion

Capital Small Finance Bank targets a 22-24% advances growth in FY25, doubling last fiscal's pace, fueled by geographic expansion, including a move into Jammu. After raising growth capital through an IPO, the Jalandhar-based lender plans accelerated growth, having maintained steady NPA ratios through recovery-based management.

Capital Small Finance Bank Q4 Results: Lender reports net profit at Rs 28.2 crore

Capital Small Finance Bank on Thursday reported Rs 28.2 crore net profit for the March quarter against Rs 24.3 crore in the year-ago period, riding on lower provisions and contingencies.

Aadhar Housing Finance IPO booked 19% so far on the first day. Check subscription, GMP and other details

Aadhar Housing Finance IPO Status: Aadhar Housing Finance's IPO received 19% subscription on its first day, with QIB investors subscribing 32%, retail investors 14%, and non-institutional investors 12%.

Belstar Microfin files papers for Rs 1,300-crore IPO

The company is a NBFC-MFI (non-banking finance company - micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of 'self-help group'. Muthoot Finance owns a 66.13% stake in Belstar.

Shares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies

66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities

After successful IPOs, two small finance banks to debut on D-Street tomorrow. Here's what to expect

Ahead of the listing, the GMP of Jana SFB is around Rs 30, indicating a gain of 7% on debut, while that of Capital SFB is Rs 0, which implies a flat or even a discounted listing. Both the IPOs of Jana SFB and Capital SFB sailed through with subscriptions of 18.5 times and 2 times, respectively.

Capital Small Finance Bank IPO allotment: Here's how you can check status

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

Capital Small Finance Bank IPO: Check subscription on last day, GMP and other details

Capital Small Finance Bank IPO is a fresh equity issue of Rs 450 crore and an offer for sale (OFS) of 15.61 lakh shares. Under the OFS, Oman India Investment Fund, Amicus among others will offload shares.

Capital Small Finance Bank IPO: Retail portion fully booked. Check GMP and other details

Capital Small Finance Bank commenced operations as India’s first small finance bank in 2016. They offer a range of banking products on the asset and liability side. It has 42% of the branches in rural areas, 34% branches in semi-urban areas and 24% in urban areas, as of September 2023.

Capital Small Finance Bank's Rs 523-crore IPO opens. Should you apply?

Capital Small Finance Bank IPO, which opens for subscription today, will run till February 9. The IPO is priced in the range of Rs 445-468 per share and investors can bid for 32 shares in one lot and in multiples thereafter. Capital Small Finance Bank commenced operations as India’s first small finance bank in 2016.

2 small finance banks to raise over Rs 1,000 cr in IPOs. Check GMP before subscription

Ahead of the offer, shares of Jana SFB are trading with a premium of Rs 80, and Capital Small Finance Bank is fetching a GMP of Rs 47. Jana SFB has priced the Rs 570-crore IPO at Rs 414 at the upper end, Capital SFB has fixed a price band of Rs 468.

Capital Small Finance Bank IPO: Offer size, price band among 10 things to know about Rs 523-crore issue

Capital Small Finance Bank IPO comprises a fresh equity issue of Rs 450 crore and an offer for sale (OFS) of 15.61 lakh shares. Under the OFS, Oman India Investment Fund, Amicus among others will offload shares.