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Suryoday Small Finance Bank IPO Date, Review, Price Band & Market Lot Details

 

Suryoday Sfb IPO Date, Review, Price Band, Form & Market Lot Details


There are many interesting IPOs which are scheduled to be launched in 2021. One such IPO is the Suryoday Small Finance Bank IPO that is going to launch on March 17, 2021. To Apply for the IPO's you should must have Demat Account. To open Demat Account Click on ZERODHA & Free Demat Account UPSTOX. 
Let's  Know the detailed review of  the company Suryoday Small Finance Bank Ipo Price Suryoday Small Finance Bank Ipo Allotment Suryoday Small Finance Bank Ipo grey market premium Suryoday Small Finance Bank Ipo gmp Suryoday Small Finance Bank Financial Suryoday Small Finance Bank Promoters  and All About the Issue here.


As On 16 March 20121 Gmp 35 -40             
(For Past trend, Grey Market Premium
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  About the Suryoday Sfb Company  

Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. Incorporated in 2008. 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 MFI carrying out microfinance operations through the joint liability group-lending model for providing collateral-free, small ticket-size loans to economically active women belonging to weaker sections.

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.


  Promoters of Suryoday Sfb Company 

  • Baskar Babu Ramachandran;
  • P. Surendra Pai;
  • P. S. Jagdish; and
  • G. V. Alankara

 Promoter Holding :- 

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

  Financials of Suryoday Sfb :- 

                                       For the year/period ended                        (in INR crore)

 FY2018FY2019FY20209M FY2021
Revenue324.9597.0854.1689.3
Expenses313.4506.6742.9634.4
Net income11.590.4111.254.9
Net margin (%)3.515.113.08.0

  Financial Ratios:-  

PE          22.74
RoNW   10.43%

  Peers Of Suryoday Sfb :- 

AU Small Finance Bank                       PE Ratio 48.34
Ujjivan Small Finance Bank                 PE Ratio 16.16
Credit Access                                     PE Ratio 31.11
Spandana Sphoorty Financial              PE Ratio 12.14

  Strengths Of Suryoday Sfb Ipo  


  Weakness Of Suryoday Sfb Ipo  



 Suryoday Sfb 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 Size₹582.34 Cr
Fresh Issue₹248.58 Cr
Offer for Sale₹333.76 Cr

  Portion Offered :  


  Objectives Of Issue  

The Issue comprises a Fresh Issue by the Bank and an Offer for Sale by the Selling Shareholders. 
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.

  IPO TimeLine  

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 30, 2021

  Ipo Registrar :- 

KFintech Pvt. Ltd.
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