Jalandhar-based Capital Small Finance Bank has raised Rs 156.92 crore from anchor investors a day before the IPO opening. 

The small finance bank in its filing to exchanges said it has finalised allocation of 33,53,013 equity shares to anchor investors at a price of Rs 468 per equity share.

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 participated in the anchor book.

The initial public offering (IPO) will open for subscription on 7 February and close on 9 February.

The price band of the public issue has been fixed at Rs 445-468 per share.

"Out of the total allocation of 33,53,013 equity shares to the anchor investors, 16,02,592 equity shares, i.e. 47.80% of total anchor book, were allocated to three mutual funds. They have applied through a total of eight schemes," Capital Small Finance Bank said.

Oman India-backed Capital Small Finance Bank intends to raise up to Rs 523 crore through its maiden public issue.

The IPO comprises a fresh issuance of 96 lakh shares aggregating to Rs 450 crore and an offer-for-sale (OFS) of 15,61,329 shares amounting to Rs 73.07 crore. 

Investors Oman India Joint Investment Fund II and Amicus Capital are among the selling shareholders in the OFS.

While promotors hold 23.96% stake in the company, the balance 76.04% shares are owned by Oman India Joint Investment Fund II, Amicus Capital, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Small Industries Development Bank of India and Max Life Insurance Company.

The bank proposes to utilise the net proceeds from the fresh issue towards augmenting Tier-I capital base to meet future capital requirements. 

Capital Small Finance Bank, which became the first non-NBFC microfinance entity to receive the SFB licence in 2015, operates in Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh and Union Territory of Chandigarh.