Suryoday Small Finance Bank AKA IPO will open on 17 March, with the issue price fixed at Rs303-305 a share. The offer will close on 19 March. The IPO of up to 19.09 million shares comprises a fresh issue of 8.15 million shares and an offer for sale of up to 10.94 million shares by existing promoters and shareholders. At the upper end price band, the lender may raise over Rs582 crore.
The Suryoday Bank is based in Mumbai and to raise around 582 crore via IPO. Suryoday Bank was incorporated in 2008 based in Mumbai. They are one of the leading small finance banks in India. They serves the customers from unbanked and underbanked segments. They operates from 10 states and serving 1.25 million customers. They provide banking services and micro-finance loans to consumers and corporate. They have credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc. They also offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels. Check out for Suryoday Bank IPO date, price band and market lot details.
Suryoday Small Finance Bank IPO Review
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Suryoday Small Finance Bank IPO Date & Price Band
| IPO Opening Date | Mar 17, 2021 |
| IPO Closing Date | Mar 19, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹303 to ₹305 per equity share |
| Market Lot | 49 Shares |
| Min Order Quantity | 49 Shares |
| Listing At | BSE, NSE |
| Issue Size | 19,093,070 Eq Shares of ₹10 (aggregating up to ₹582.34 Cr) |
| Fresh Issue | 8,150,000 Eq Shares of ₹10 (aggregating up to ₹248.58 Cr) |
| Offer for Sale | 10,943,070 Eq Shares of ₹10 (aggregating up to ₹333.76 Cr) |
Suryoday Small Finance Bank IPO Market Lot
| Minimum Lot Size: | Minimum 49 Shares |
| Minimum Amount: | ₹ 14,945 |
| Maximum Lot Size: | Maximum 637 Shares |
| Maximum Amount: | ₹ 1,94,285 |
Suryoday Small Finance Bank IPO Tentative Timetable
The Suryoday Small Finance Bank IPO open date is Mar 17, 2021, and the close date is Mar 19, 2021. The issue may list on Mar 30, 2021.
| IPO Open Date | Mar 17, 2021 |
| IPO Close Date | Mar 19, 2021 |
| Basis of Allotment Date | Mar 24, 2021 |
| Initiation of Refunds | Mar 24, 2021 |
| Credit of Shares to Demat Account | Mar 25, 2021 |
| IPO Listing Date | Mar 30, 2021 |
Suryoday Small Finance Bank IPO Form
How to apply the Suryoday Small Finance Bank IPO? You can apply Suryoday Small Finance Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Suryoday Small Finance Bank IPO in the Invest section. The other option you can apply Suryoday Small Finance Bank IPO via IPO forms download via NSE and BSE. Check out the Suryoday Small Finance Bank forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Suryoday Small Finance Bank Company Financial Report
| Particulars | For the year/period ended (₹ in millions) | |||
|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 63,504.09 | 53,645.22 | 37,612.03 | 21,559.64 |
| Total Revenue | 6,892.73 | 8,541.38 | 5,970.29 | 3,249.26 |
| Profit After Tax | 548.66 | 1,111.98 | 903.98 | 114.92 |
Company Promoters
- Baskar Babu Ramachandran;
- P. Surendra Pai;
- P. S. Jagdish; and
- G. V. Alankara.
Read Also:- Suryoday Small Finance Bank IPO GMP
About Suryoday Small Finance Bank
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.
As of July 31, 2020, the company had 482 Banking Outlets and had a customer base of 14.3 lakh. The company operates predominantly in urban and semi-urban locations.
As a bank, Company
- Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc.
- Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels.
- Focus on the unserved and the underserved through innovative banking practices.
- Offers diversified asset portfolio with a focus on retail operations.
Suryoday Small Finance Bank IPO Prospectus
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: suryodayasfb.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Suryoday Small Finance Bank IPO Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- SBI Capital Markets Limited
Company Address
Suryoday Small Finance Bank Ltd
Unit No. 1101, Sharda Terraces,
Plot No. 65, Sector 11, CBD Belapur,
Navi Mumbai 400 614
Phone: +91 22 4043 5800
Email: company.secretary@suryodaybank.com
Website: https://www.suryodaybank.com/
Suryoday Small Finance Bank IPO FAQs
When Suryoday Small Finance Bank IPO will open for QIB, NII, and Retail?
The IPO is to open on 17 March 2021 for QIB, NII, and Retail Investors.
What is Suryoday Small Finance Bank IPO Investors Portion?
The investors' portion for QIB-50%, NII-15%, and Retail 35%.
How to Apply the Suryoday Small Finance Bank IPO?
You can apply Suryoday Small Finance Bank IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Suryoday Small Finance Bank IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Suryoday Small Finance Bank". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is Suryoday Small Finance Bank IPO Size?
Suryoday Small Finance Bank IPO size is ₹582.34 crore.
What is Suryoday Small Finance Bank IPO Price Band?
Suryoday Small Finance Bank IPO Price Band is ₹303 - ₹305 .
What is Suryoday Small Finance Bank IPO Minimum and Maximum Lot Size?
The minimum bid is 49 Shares with ₹14945 amount while maximum bid is 637 shares with ₹ 1,94,285.
What is Suryoday Small Finance Bank IPO Allotment Date?
Suryoday Small Finance Bank IPO allotment date is 24 March 2021.
What is Suryoday Small Finance Bank IPO Listing Date?
Suryoday Small Finance Bank IPO listing date is 30 March 2021. The IPO to list on BSE and NSE.
