Suryoday Small Finance Bank Ltd IPO (Suryoday Small Finance Bank IPO) Detail

Mar 17, 2021 - Mar 19, 2021

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

  1. Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc.
  2. Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels.
  3. Focus on the unserved and the underserved through innovative banking practices.
  4. Offers diversified asset portfolio with a focus on retail operations.

Company Promoters:

The Promoters of our Bank are:

  1. Baskar Babu Ramachandran;
  2. P. Surendra Pai;
  3. P. S. Jagdish; and
  4. G. V. Alankara.

Company Financials:

Summary of financial Information (Restated Consolidated)
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 of the Issue:

The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank's Tier-1 capital base to meet the Bank's future capital requirements.

Suryoday Small Finance Bank IPO Details

IPO Opening DateMar 17, 2021
IPO Closing DateMar 19, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹303 to ₹305 per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE
Issue Size19,093,070 Eq Shares of ₹10
(aggregating up to ₹582.34 Cr)
Fresh Issue8,150,000 Eq Shares of ₹10
(aggregating up to ₹248.58 Cr)
Offer for Sale10,943,070 Eq Shares of ₹10
(aggregating up to ₹333.76 Cr)

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 26, 2021.

IPO Open DateMar 17, 2021
IPO Close DateMar 19, 2021
Basis of Allotment DateMar 24, 2021
Initiation of RefundsMar 24, 2021
Credit of Shares to Demat AccountMar 25, 2021
IPO Listing DateMar 26, 2021

Suryoday Small Finance Bank IPO Lot Size

The Suryoday Small Finance Bank IPO market lot size is 49 shares. A retail-individual investor can apply for up to 13 lots (637 shares or ₹194,285).

ApplicationLotsSharesAmount (Cut-off)
Minimum149₹14,945
Maximum13637₹194,285

Suryoday Small Finance Bank IPO Promoter Holding

Pre Issue Share Holding30.35%
Post Issue Share Holding28.02%

Suryoday Small Finance Bank IPO Subscription Status (Bidding Detail)

The Suryoday Small Finance Bank IPO is subscribed 2.37x times on Mar 19, 2021 05:00. The public issue subscribed 3.09x in the retail category, 2.18x in the QIB category, and 1.31x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

2.18x

NII

1.31x

RII

3.09x

Employee

0.34x

Total

2.37x

Suryoday Small Finance Bank IPO Prospectus

Suryoday Small Finance Bank IPO Rating

450
3.8
Rating:Rated 3.8 stars

Vote Here ...

Suryoday Small Finance Bank IPO Listing Date

Listing DateFriday, March 26, 2021
BSE Script Code543279
NSE SymbolSURYODAY
Listing InB Group of Securities
ISININE428Q01011
IPO Price₹305 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹305.00
₹293.00
₹262.05
₹295.95
₹276.20
508,343
NSE
₹305.00
₹292.00
₹255.00
₹296.35
₹277.80
4,172,010

Suryoday Small Finance Bank IPO Reviews / Ratings

Company Contact Information

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 Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: suryodayasfb.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Suryoday Small Finance Bank IPO FAQs

  1. What is Suryoday Small Finance Bank IPO?

    Suryoday Small Finance Bank IPO is a main-board IPO of 19,093,070 equity shares of the face value of ₹10 aggregating up to ₹582.34 Crores. The issue is priced at ₹303 to ₹305 per equity share. The minimum order quantity is 49 Shares.

    The IPO opens on Mar 17, 2021, and closes on Mar 19, 2021.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Suryoday Small Finance Bank IPO through Zerodha?

    Zerodha customers can apply online in Suryoday Small Finance Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Suryoday Small Finance Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Suryoday Small Finance Bank IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Suryoday Small Finance Bank IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. 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.

  4. 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.

  5. How to apply for Suryoday Small Finance Bank IPO?

    You can apply in Suryoday Small Finance Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Suryoday Small Finance Bank IPO allotment?

    The finalization of Basis of Allotment for Suryoday Small Finance Bank IPO will be done on Mar 24, 2021, and the allotted shares will be credited to your demat account by Mar 25, 2021. Check the Suryoday Small Finance Bank IPO allotment status.

  7. When is Suryoday Small Finance Bank IPO listing date?

    The Suryoday Small Finance Bank IPO listing date is on Friday, March 26, 2021.

Suryoday Small Finance Bank IPO Message Board

Ranked Members  Ranked Members

Loading...
149. Arpanp |Apr 7, 2021 16:19
hold or exit 305 suryodhay bank
148. Secret Superstar |Mar 26, 2021 16:00
अब कहाँ है सब GMP Guru ?
147. ashoke mukhopadhyay |Mar 26, 2021 14:46
Not received refund in sbi absa till 26.03.2021 from lien in my sbi a/c for unsuccessful bid of ssfb iPo .
146. amukho |Mar 24, 2021 20:52
I got 2/2 allotment. As my experience from the past, whenever I get allotment, it used to list at a discount
146.2. KSC |Mar 26, 2021 19:46
👌👌👌
146.3. Deepakkumar |Mar 27, 2021 07:47
It''s high time, they start grading the IPOs on the basis of some parameters.
145. Amit Pathak |Mar 26, 2021 13:43
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
I think Suryoday is dark horse.
144. amukho |Mar 26, 2021 13:07
I have not received allotment. However money is still blocked in my SBI ASBA. What to do?
143. ipobull |Mar 26, 2021 12:59
My message no. 119 is proved correct as expected. The stock is trading at huge discount.
142. Rafiq |Mar 26, 2021 09:51
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Pre open 292 (4.26% Down) as on 9.51 AM 26 march 21
141. djpv |Mar 26, 2021 00:49
I am amazed to see that my IPO application is rejected on technical grounds.RTA has not given any detail,I submitted only one application throygh SBI ASBA and none else.My money is also not un blocked from the bank.Please advice what I need to be done IPO is going to be listed to morrow
140. Traderforever |Mar 26, 2021 09:32
B quality bank, no growth in long term,if you get an opportunity to get some profit just take it.
Iit will come to 200 in a year or so
139. RCBOOK |Mar 26, 2021 09:23
is it listing today
138. KSN MURTHY |Mar 26, 2021 08:34
What is the grey market premium of SFB
137. Owls eye |Mar 25, 2021 22:54
Top Contributor Top Contributor (400+ Posts, 1300+ Likes)
Suryoday GMP Improved from -54 to -28 Now

Still 9% Discount to Issue Price
136. Chalak lomdi |Mar 25, 2021 22:17
suryoday premium ( - 14 ) almost 1000 ka loss karayega ...
but anupam ko loss me khol ke bhav ke pas laya..
craftman ko loss me khol ke bhav laya...
keep calm and wait for recover..
135. Akula PapaRao |Mar 25, 2021 22:10
bad timing for this quality small cap, discount listing for sure
134. sonal patel |Mar 25, 2021 22:01
IPO Mentor IPO Mentor (900+ Posts, 4000+ Likes)
Suryoday Small Finance Bank to list tomorrow, one day ahead of the schedule 26th March instead of 30th March..

Kalyan jewellers also list tomorrow.
133. Ramanand |Mar 25, 2021 21:48
Listing date?
132. Sachin A |Mar 25, 2021 19:31
Suryodaya IPO listing date
131. Amritpoi |Mar 25, 2021 19:24
Why my application says:
Regret - Application rejected on technical grounds
130. YashC |Mar 25, 2021 18:39
Expected Date of Listing

26/03/2021
This is written in the allotment email I received please confirm what is the actual listing date?







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