CSFB files IPO papers with Sebi
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New Delhi: Capital Small Finance Bank (CSFB) has filed draft papers with markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO). The bank’s IPO comprises a fresh issue of equity shares aggregating up to Rs450 crore and an Offer For Sale (OFS) of up to 24.12 lakh equity shares by existing investors, according to the Draft Red Herring Prospectus (DRHP).
Those selling shares in the OFS include - Oman India Joint Investment Fund II, PI Ventures LLP, Amicus Capital Private Equity I LLP and Amicus Capital Partners India Fund I . Also, the company plans to mobilise Rs90 crore in the pre-IPO placement round. If such placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the fresh issue will be used towards augmenting the bank’s Tier - I capital base to meet future capital requirements. Besides, the funds will be used towards meeting the expenses in relation to the offer.
