Capital Small Finance Bank IPO: Anchor investors buy Rs 157 cr worth shares ahead of February 7 opening

Jalandhar-based Capital Small Finance Bank has raised Rs 156.92 crore through its anchor book launched for a day on February 6, a day before the issue opening. The Rs 523-crore initial public offering will be opening for subscription on February 7 and the last day for bidding will be February 9.

The small finance bank in its filing to exchanges said it has finalized allocation of 33,53,013 equity shares to anchor investors at a price of Rs 468 per equity share. Institutional investors that participated in the anchor book included Nippon Life India, Ashoka India Equity Investment Trust, Whiteoak Capital, Edelweiss Tokio Life Insurance, 360 ONE Mutual Fund, Ananta Capital Ventures Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Kotak Mahindra Life Insurance Company, SBI General Insurance Company, and LC Pharos Multi Strategy Fund.