Capital Bank Opens 8% Lower, Sheds 7% on BSE DebutCapital Bank Opens 8% Lower, Sheds 7% on BSE Debut

Capital Small Finance Bank experienced a subdued entrance into the stock market on Wednesday, February 14, with its shares debuting on the NSE at ₹430.25, marking an 8% fall below its issue price of ₹468. On the BSE, the shares also saw a decrease, opening at ₹435, a 7% decline from the issue price.

The bank’s IPO, valued at ₹523.07 crore, was available for investors from February 7 to February 9, with a set price range of ₹445 to ₹468 per share. The public offering attracted considerable interest over its 4-day subscription period, closing with a 4.17 times oversubscription rate. A total of 3.26 crore shares were bid for, compared to the 78.23 lakh shares available, highlighting robust investor interest. The offering drew significant attention from Qualified Institutional Buyers (QIBs), who subscribed 6.85 times the shares allotted to them, while Non-Institutional Investors (NIIs) showed strong participation with a 4.23 times subscription rate. Retail investors also demonstrated keen interest, subscribing 2.6 times the shares reserved for them.