About Company’s Business:
The small finance bank is headquartered in Bengaluru, Karnataka, India, with both its registered and corporate offices located there. As of September 30, 2023, the bank operates through 771 banking outlets spread across 22 states and two union territories. The core offerings of the bank encompass a range of products, including deposits (demand deposits, savings deposits, and term deposits) and advances. The bank provides secured loans, which include micro loans against property, loans to micro, small and medium enterprises, affordable housing loans, term loans to non-banking finance companies, loans against fixed deposits, two-wheeler loans, and gold loans. Additionally, unsecured loans form part of their portfolio, covering individual and micro business loans, agricultural and allied loans, and loans extended to groups of women following the joint liability group model.
About the Industry:
Small Finance Banks (SFBs) provide fundamental banking services such as payment processing, accepting deposits, and extending loans to the segments of the Indian economy that are underserved and unserved. This includes catering to small businesses, marginal farmers, micro and small industries, and the unorganized sector. The primary focus of SFBs is on reaching out to customers at the bottom of the economic pyramid, aiming to enhance financial inclusion. The industry’s expansion is evident through significant growth in both advances and deposits. This growth is underpinned by robust rural development, the introduction of new products, and associated cross-selling opportunities. As a result, SFBs anticipate a substantial increase in their market share in the future.
Key Financial Information (â‚ą in lakhs):
Here is the tabulated information based on the provided data:
| Particulars | As at September 30, 2023 | As at March 31, 2022 | As at September 30, 2022 | As at March 31, 2021 | As at September 30, 2021 |
|---|---|---|---|---|---|
| Share capital | 3,435.26 | 3,249.79 | 3,249.79 | 2,014.12 | 2,007.27 |
| Net worth | 25,471.08 | 15,773.17 | 17,770.69 | 11,845.58 | 11,007.65 |
| Net asset value per Equity Share | 346.42 | 286.90 | 323.23 | 230.41 | 217.00 |
| Total borrowings (as per balance sheet) | 53,135.43 | 59,992.36 | 62,774.60 | 45,098.32 | 48,153.19 |
Objective of the Issue:
- For augmentation of our Bank’s Tier – 1 capital base
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, February 7, 2024 |
| Close Date | Friday, February 9, 2024 |
| Issue Size | â‚ą570.00 Crores |
| Price | â‚ą393 to â‚ą414 per share |
| Lot Size | 36 Shares |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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