Suryoday Small Finance Bank IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- Suryoday Small Finance Bank IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Suryoday Small Finance Bank
- Important Details – Suryoday Small Finance Bank
- Suryoday Small Finance Bank IPO Price – Details
- Suryoday Small Finance Bank IPO Lead Managers
- Suryoday Small Finance Bank Registrar
- Objects of the Issue
- Suryoday Small Finance Bank IPO Allotment Date, Listing Date and other Important Dates
- Suryoday Small Finance Bank IPO DRHP & RHP
- Suryoday Small Finance Bank IPO – FAQS
About Suryoday Small Finance Bank
Suryoday Small Finance Bank is a new age bank that went live on January 23rd 2017. The endeavour is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. The power packed solutions are designed to offer the choicest of benefits to suit different financial needs. As always, the focus will continue to be on ensuring the best in class ‘Customer Experience’.
The leading SFBs in India in terms of net interest margins, return on assets, yields and deposit growth and had the lowest cost-to-income ratio among SFBs in India in Fiscal 2020. (Source: CRISIL Report)
The founder, Managing Director and Chief Executive Officer, Baskar Babu Ramachandran is a first generation entrepreneur with several years of experience in the financial services sector
Important Details – Suryoday Small Finance Bank
| Date, Year | Details |
|---|---|
| November 10, 2008 | The Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private limited company |
| June 16, 2015 | Bank was converted into a public limited company and the name of our Bank was changed to Suryoday Micro Finance Limited |
| October 7, 2015 and August 26, 2016 | Bank was granted the in-principle and final approval to establish a small finance bank (“SFB”) by the RBI |
| January 13, 2017 | The name of the Bank was changed to Suryoday Small Finance Bank Limited |
Suryoday Small Finance Bank IPO Price – Details
| Description | Details |
|---|---|
| Public Issue | Initial Public offer of 19,093,070 Equity Shares comprising a Fresh Issue of up to 8,150,000 Equity Shares and an Offer for Sale of up to 10,943,070 Equity Shares |
| Issue Period | 17-Mar-2021 to 19-Mar-2021 |
| Issue Type | 100% Book Building |
| IPO Price Band | ₹ 303 – ₹ 305 |
| Face Value | Rs.10 |
| Market Lot | 49 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 49 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE / BSE Symbol | SURYODAY |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Suryoday Small Finance Bank IPO Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- IIFL Securities Limited
- SBI Capital Markets Limited
Suryoday Small Finance Bank Registrar
- Kfin Technologies Private Limited
Objects of the Issue
The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting our Bank’s Tier – 1 capital base to meet our Bank’s future capital requirements.
The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges
Also Read : Kalyan Jewellers India Limited IPO Details
Suryoday Small Finance Bank IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 17-Mar-21 |
| Bid / Offer Closes on | 19-Mar-21 |
| Finalisation of Basis of Allotment | 24-Mar-21 |
| Initiation of refunds | 24-Mar-21 |
| Credit of the Equity Shares | 25-Mar-21 |
| Commencement of trading – Listing | 30-Mar-21 |
Suryoday Small Finance Bank IPO DRHP & RHP
- Draft Red Herring Prospectus
- Red Herring Prospectus
Suryoday Small Finance Bank IPO – FAQS
When Suryoday Small Finance Bank IPO will open ?
The Suryoday Small Finance Bank IPO opens on Mar 17, 2021 and closes on Mar 19, 2021
What is the lot size of Suryoday Small Finance Bank IPO ?
Suryoday Small Finance Bank IPO lot size is 49 Shares and the minimum order quantity is 49 Shares.
What is the price band for Suryoday Small Finance Bank IPO ?
The Suryoday Small Finance Bank IPO price band at Rs.303 to Rs.305 per share
What any discount for Suryoday Small Finance Bank IPO for employees ?
Rs.30 per equity share for eligible employee Category Only
Who is the Registrar for Suryoday Small Finance Bank IPO ?
The Registrar is Kfin Technologies Private Limited
How to apply in Suryoday Small Finance Bank IPO through UPI?
Check the step by step process here – Click here