This Wednesday, February 7, three initial public offerings (IPOs) with a variety of investment options are available for subscription.Capital SFB (Capital Small Finance Bank Limited), Rashi Peripherals, and Jana Small Finance Bank are the initial public offerings (IPOs) that are now accepting subscriptions.
Even though the IPOs are accessible to everyone, it is necessary to compare them in order to comprehend the differences between each.The book-built IPO for Capital Small Finance Bank (Capital SFB) is valued at Rs 523.07 crores. The issue consists of an offer to sell 0.16 crore shares, valued at Rs 73.07 crores, and a new issue of 0.96 crore shares, valued at Rs 450.00 crores.
The subscription period for the Capital SFB IPO begins on February 7, 2024, and ends on February 9, 2024.The Capital SFB IPO allotment is anticipated to be completed on Monday, February 12, 2024.The Capital SFB IPO is scheduled to go public on the BSE and NSE, with a provisional listing date of Wednesday, February 14, 2024.The price range for the Capital SFB IPO is set at Rs 445 to Rs 468 per share. An application must have a minimum lot size of 32 shares.
Retail investors are required to invest a minimum of Rs 14,976. For small-scale investors, the minimum lot size investment is 14 lots (448 shares), or Rs 209,664, and for large-scale investors, it is 67 lots (2,144 shares), or Rs 1,003,392.
The Capital SFB IPO’s book running lead managers are Nuvama Wealth Management Limited, Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), and Equirus Capital Private Limited. The issue’s registrar is Link Intime India Private Ltd.
The most recent GMP for the Capital Small Finance Bank IPO is Rs 43; it was last updated on February 7. The estimated listing price of the Capital Small Finance Bank IPO, with a price band of 468.00, is Rs 511 (cap price + today’s GMP). 9.19 percent is the anticipated percentage gain or loss per share.
“Cautious optimism is encouraged by the company’s commitment to enhancing its performance and the reasonable IPO valuation. With a long-term perspective in mind, we therefore advise investors to apply for this IPO,” stated Swastika Investmart.
Jana Small Finance Bank Limited IPO
The Jana SFB IPO is a book-built offering worth Rs 570.00 crores. The issue consists of an offer to sell 0.26 crore shares, valued at an aggregate of Rs 108.00 crores, and a new issue of 1.12 crore shares, valued at Rs 462.00 crores.The subscription period for the Jana SFB IPO begins on February 7, 2024, and ends on February 9, 2024. On Monday, February 12, 2024, the allotment for the Jana SFB IPO is anticipated to be finalised.
The BSE and NSE will list the Jana SFB IPO, with a provisional listing date of Wednesday, February 14, 2024.The price range for the Jana SFB IPO is Rs 393 to Rs 414 per share. An application must have a minimum lot size of 36 shares.Retail investors must invest a minimum of Rs 14,904 in order to qualify. For small-scale investors, the minimum lot size investment is 14 lots (504 shares), or Rs 208,656, and for large-scale investors, it is 68 lots (2,448 shares), or Rs 1,013,472.
The Jana SFB IPO’s book running lead managers are Axis Capital Limited, ICICI Securities Limited, and SBI Capital Markets Limited, and the issue’s registrar is Kfin Technologies Limited.
The most recent GMP for the Jana Small Finance Bank IPO is Rs 66; it was last updated on February 7. The estimated listing price for the Jana Small Finance Bank IPO, with a price band of 414.00, is Rs 480 (cap price + today’s GMP). 15.94 percent is the anticipated percentage gain or loss per share.
“Cautious optimism is encouraged by the company’s commitment to enhancing its performance and the reasonable valuation of the IPO. In light of all of these variables, we therefore advise investors to apply for this IPO with an eye towards the long term, according to Swastika Investmart.
Rashi Peripherals Limited IPO
The Rs 600.00 crore Rashi Peripherals IPO is a book-built offering. 1.93 crore shares are being issued entirely anew in this issue.The subscription period for the Rashi Peripherals IPO begins on February 7, 2024, and ends on February 9, 2024. On Monday, February 12, 2024, the allocation for the Rashi Peripherals IPO is anticipated to be completed.
The Rashi Peripherals IPO is scheduled to go public on the BSE and NSE, with a provisional listing date of Wednesday, February 14, 2024.The price range for the Rashi Peripherals IPO is Rs 295 to Rs 311 per share. Applications must have a minimum lot size of 48 shares.Retail investors are required to invest a minimum of Rs 14,928. For both sNII and bNII, the minimum lot size investment is 14 lots (672 shares), or Rs 208,992, and 67 lots (3,216 shares), or Rs 1,000,176.
The registrar for the Rashi Peripherals IPO is Link Intime India Private Ltd, and the book running lead managers are JM Financial Limited and ICICI Securities Limited.As of February 7, the latest GMP for the Rashi Peripherals IPO is Rs 79. The estimated listing price of the Rashi Peripherals IPO is Rs 390 (cap price + today’s GMP), with a price band of 311.00.
“On a current basis, the 10.54x P/E IPO valuation seems fully priced. We advise a Subscribe rating for this IPO because of the company’s promising future growth potential and the optimistic industry outlook, according to Swastika Investmart.
