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Suryoday Small Finance Bank Limited IPO Details

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Suryoday Small Finance Bank IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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’.

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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, YearDetails
November 10, 2008The Bank was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private limited company
June 16, 2015Bank 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, 2016Bank was granted the in-principle and final approval to establish a small finance bank (“SFB”) by the RBI
January 13, 2017The name of the Bank was changed to Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank IPO Price – Details

DescriptionDetails
Public IssueInitial 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 Type100% 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE / BSE SymbolSURYODAY
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

DetailsDate
Bid / Offer Opens on17-Mar-21
Bid / Offer Closes on19-Mar-21
Finalisation of Basis of Allotment24-Mar-21
Initiation of refunds 24-Mar-21
Credit of the Equity Shares25-Mar-21
Commencement of trading – Listing30-Mar-21

Suryoday Small Finance Bank IPO DRHP & RHP

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

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