Started in 2008, Suryoday Small Finance Bank Limited is among the leading small finance bank in the country. The firm started offering SFB services in 2017. They serve clients in the unbank and underbank segments. Prior to SBF, the firm functioned as an NBFC. Suryoday Small Finance Bank IPO will hit the market on 17 Mar 2021.
As of July 31, 2020, the company had 482 banking outlets and a clientele of 14.3 lakhs. The firm mainly operates in urban and semi-urban locations.
As a bank, the company offer below services:
- It provides credit products like MFIs loans, development loans, shopkeepers loans etc.
- It provide digital banking, NPCI payment systems and mobile technology along with banking through traditional channels.
- It focus on the unreserved and unfit through new banking methods.
- It provides diversified asset portfolio with focus on retail operations.
The journey from micro finance to micro finance bank has taken just eight years. Today more than one million smiling customers testify that they believe that no matter the million, dreams, when able, will change mankind and create a whole new world ‘.
They are the only 10 companies to receive a ‘small finance bank’ license from the Reserve Bank of India (RBI) and only one from Maharashtra. So if you are willing to apply in this please go though the below details carefully.
Table of Contents
Promoters
- Baskar Babu Ramachandran;
- P. Surendra Pai;
- P. S. Jagdish; and
- G. V. Alankara.
Financials
| 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 | |
Objects
The bank has proposed to use the net process afresh to enhance the bank’s tier-1 capital base to meet the future capital needs of the bank.
IPO Details
| IPO Opening Date | 17 Mar, 2021 |
| IPO Closing Date | 19 Mar, 2021 |
| Issue Type | Book Built |
| Face Value | 10 per share |
| IPO Price | 303 to 305 per share |
| Market Lot | 49 Shares |
| Min Order Quantity | 49 Shares |
| Listing At | BSE, NSE |
| Issue Size | 19,093,070 Shares (582.34 Cr) |
| Fresh Issue | 8,150,000 Shares (248.58 Cr) |
| Offer for Sale | 10,943,070 Shares (333.76 Cr) |
IPO Tentative Dates
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 | 17 Mar, 2021 |
| IPO Close Date | 19 Mar, 2021 |
| Basis of Allotment Date | 24 Mar, 2021 |
| Initiation of Refunds | 24 Mar, 2021 |
| Credit of Shares to Demat Account | 25 Mar, 2021 |
| IPO Listing Date | 30 Mar, 2021 |
Suryoday Small Finance Bank IPO Lot Size
The Suryoday Small Finance Bank IPO market lot size is 49 shares. A retail investor can apply for up to 13 lots (637 shares).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 49 | 14,945 |
| Maximum | 13 | 637 | 194,285 |
Promoter Holding
| Pre Issue Share Holding | 30.35% |
| Post Issue Share Holding | 28.02% |
Suryoday Small Finance Bank IPO Prospectus
Contact Details
Unit No. 1101, Sharda Terraces,
Plot No. 65, Sector 11, CBD Belapur,
Navi Mumbai 400 614
Phone: +91 22 4043 5800
Email: [email protected]
Website: https://www.suryodaybank.com/
Suryoday Small Finance Bank IPO Registrar
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: [email protected]
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Axis Capital Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- SBI Capital Markets Limited
We hope we are able to answer all you questions about in Suryoday Small Finance Bank IPO. If you don’t have Demat account open it now with Zerodha best trading app.
Suryoday Small Finance Bank IPO Opening Date?
The issue will opens on Mar 17, 2021 and closes on Mar 19, 2021.
Lot size for Suryoday Small Finance Bank IPO?
Suryoday Small Finance Bank IPO lot size is 49 Shares.
Allotment date for Suryoday Small Finance Bank IPO?
The finalization of Basis of Allotment will be done on Mar 24, 2021.
Listing date of Suryoday Small Finance Bank IPO?
The tentative date of listing is Mar 30, 2021.
Suryoday Small Finance Bank IPO GMP Today?
Suryoday Small Finance Bank IPO Grey Market Premium is INR 10.
