Suryoday Small Finance Bank IPO

Suryoday Small Finance Bank IPO Details

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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 nameSuryoday Small Finance Bank Ltd
IndustryPrivate Banking

Dates to remember

IPO Open17 March 2021
IPO Close19 March 2021
Basis of Allotment24 March 2021
Refunds date24 March 2021
Credit to Demat Account25 March 2021
 Listing Date30 March 2021

IPO details

Issue typeBook Built Issue
Offer for Sale10,943,070 Eq Shares of ₹10
(aggregating up to ₹333.76 Cr)
Fresh Issue8,150,000 Eq Shares of ₹10
(aggregating up to ₹248.58 Cr)
IPO issue size19,093,070 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 portion35%
Lot size49 Shares
Minimum application1 Lot-49 Shares
Maximum application13 Lot-637 Shares
Minimum application amount₹14,945
maximum application amount₹194,285
Listing ExchangeBSE & NSE

Financial summary

ParticularsFor the year/period ended (₹ in millions)
Total Assets63,504.0953,645.2237,612.0321,559.64
Total Revenue6,892.738,541.385,970.293,249.26
Profit After Tax548.661,111.98903.98114.92

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 
 +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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