Suryoday Small Finance Bank IPO will open for subscription from 17 March 2021. the company aims for an issue size of ₹582.34 crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Suryoday Small Finance Bank Ltd
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 Offers
- Credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc.
- Digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels.
- Unserved and the underserved through innovative banking practices.
- Diversified asset portfolio with a focus on retail operations.
Objectives 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.
Basic details about the company
| Full name | Suryoday Small Finance Bank Ltd |
| Sector | Banking |
| Industry | Private Banking |
| Company Website | www.suryodaybank.com |
Dates to remember
| IPO Open | 17 March 2021 |
| IPO Close | 19 March 2021 |
| Basis of Allotment | 24 March 2021 |
| Refunds date | 24 March 2021 |
| Credit to Demat Account | 25 March 2021 |
| Listing Date | 30 March 2021 |
IPO details
| Issue type | Book Built Issue |
| Offer for Sale | 10,943,070 Eq Shares of ₹10 (aggregating up to ₹333.76 Cr) |
| Fresh Issue | 8,150,000 Eq Shares of ₹10 (aggregating up to ₹248.58 Cr) |
| IPO issue size | 19,093,070 Eq Shares of ₹10 (aggregating up to ₹582.34 Cr) |
| Face value | ₹10 per equity share |
| Price band | ₹303 to ₹305 per equity share |
| Retail portion | 35% |
| Lot size | 49 Shares |
| Minimum application | 1 Lot-49 Shares |
| Maximum application | 13 Lot-637 Shares |
| Minimum application amount | ₹14,945 |
| maximum application amount | ₹194,285 |
| Listing Exchange | BSE & NSE |
Financial summary
| 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 |
Valuation of Suryoday Small Finance Bank (as of FY2020)
| Earnings Per Share (EPS) | ₹13.3 |
| Price/Earnings (PE ratio) | 22.78 – 22.93 |
| Return on Net Worth (RONW) | 10.43% |
| Net Asset Value (NAV) | ₹123.13 per share |
Company Promoters
- Baskar Babu Ramachandran;
- P. Surendra Pai
- P. S. Jagdish
- G. V. Alankara.
Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- SBI Capital Markets Limited
Registrar of Suryoday Small Finance Bank IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Suryoday Small Finance Bank Contact Details
Suryoday Small Finance Bank Limited
Unit No. 1101, Sharda Terraces,
Plot No. 65, Sector 11,
CBD Belapur, Navi Mumbai 400 614
Phone: +91 22 4043 5800
Suryoday Small Finance Bank IPO Allotment Status
Suryoday SFB IPO allotment status will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Final thoughts
Suryoday Small Finance Bank IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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