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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 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 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 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 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 49 ₹14,945
Maximum 13 637 ₹194,285

Suryoday Small Finance Bank IPO Promoter Holding

Pre Issue Share Holding 30.35%
Post Issue Share Holding 28.02%

Suryoday Small Finance Bank IPO Subscription Status (Bidding Detail)

The Suryoday Small Finance Bank IPO is subscribed 2.37 times on 3/19/2021 5:00:00 AM. The public issue subscribed 3.09 in the retail category, 2.18 in the QIB category, and 1.31 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.18
NII1.31
Retail3.09
Employee0.34
Total2.37

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 Date Friday, March 26, 2021
BSE Script Code 543279
NSE Symbol SURYODAY
Listing In B Group of Securities
ISIN INE428Q01011
IPO Price ₹305 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹305.00
₹293.00
₹262.05
₹295.95
₹276.20
NSE
₹305.00
₹292.00
₹255.00
₹296.35
₹277.80

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

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

Suryoday Small Finance Bank IPO FAQs

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.

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.

The Suryoday Small Finance Bank IPO opens on Mar 17, 2021 and closes on Mar 19, 2021.

Suryoday Small Finance Bank IPO lot size is 49 Shares and the minimum order quantity is 49 Shares.

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.

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.

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

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287 Comments

149. Arpanp |Apr 7, 2021 5:19:20 PM
hold or exit 305 suryodhay bank
148. Secret Superstar |Mar 26, 2021 5:00:51 PM
अब कहाँ है सब GMP Guru ?
147. ashoke mukhopadhyay |Mar 26, 2021 3:46:04 PM
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 9:52:36 PM
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 8:46:34 PM
👌👌👌
146.3. Deepakkumar |Mar 27, 2021 8:47:50 AM
It''s high time, they start grading the IPOs on the basis of some parameters.
145. Amit Pathak |Mar 26, 2021 2:43:29 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
I think Suryoday is dark horse.
144. amukho |Mar 26, 2021 2:07:19 PM
I have not received allotment. However money is still blocked in my SBI ASBA. What to do?
143. ipobull |Mar 26, 2021 1:59:02 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
My message no. 119 is proved correct as expected. The stock is trading at huge discount.
142. Rafiq |Mar 26, 2021 10:51:28 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pre open 292 (4.26% Down) as on 9.51 AM 26 march 21
141. djpv |Mar 26, 2021 1:49:07 AM
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 10:32:15 AM
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 10:23:36 AM
is it listing today
138. KSN MURTHY |Mar 26, 2021 9:34:26 AM
What is the grey market premium of SFB
137. Owls eye |Mar 25, 2021 11:54:37 PM
Top Contributor Top Contributor (400+ Posts, 1400+ Likes)
Suryoday GMP Improved from -54 to -28 Now

Still 9% Discount to Issue Price
136. Chalak lomdi |Mar 25, 2021 11:17:14 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
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 11:10:26 PM
bad timing for this quality small cap, discount listing for sure
134. sonal patel |Mar 25, 2021 11:01:52 PM
IPO Guru IPO Guru (1100+ Posts, 4700+ 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 10:48:37 PM
Listing date?
132. Sachin A |Mar 25, 2021 8:31:56 PM
Suryodaya IPO listing date
131. Amritpoi |Mar 25, 2021 8:24:27 PM
Why my application says:
Regret - Application rejected on technical grounds
130. YashC |Mar 25, 2021 7:39:54 PM
Expected Date of Listing

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