India's Jana Small Finance, Capital Small Finance Bank fall in trading debut

Capital Small Finance Bank

14/02/2024 06:56

** Jana Small Finance Bank  JANA.NS  and Capital Small
Finance Bank  CPIA.NS  down ~5% each in trading debut 
    ** JANA debuts at 396 rupees vs issue price of 414 rupees;
hits session-low of 385 rupees 
    ** CPIA debuts at 430.25 rupees vs issue price of 468
rupees; it fell to a low of 421 rupees 
    ** JANA's IPO, consisting of fresh issue worth ~$55 mln, was
over subscribed 18.5X - exchange data
    ** CPIA's IPO was over subscribed 4.2X - exchange data 
    ** JANA's interest earned for the year-ended March 31, 2023
rose ~13%, while CPIA's rose ~17%
 
 ($1 = 83.0825 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))