The Suryoday Bank date has been confirmed from March 17 and ended on March 19. Read the post to learn about Enfuse Solutions Limited IPO GMP.
Suryoday Bank’s initial public offering (IPO) will begin on March 17 and end on March 19, 2021. In March 2021, there will be eight initial public offerings (IPOs).
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Suryoday Bank IPO
Bidding Dates
March 17- 19
Price Range
₹303 to ₹305 per share
Face Value
₹10 per share
GMP
Coming Soon
Suryoday Bank IPO GMP
The Suryoday Bank IPO GMP Today is ₹[0].
Suryoday Bank IPO Overview
Suryoday small finance IPO is offered for the subscription of Indian investors for Rs 582.34 crores. It is a fresh issue of 0.82 crore shares with a total value of Rs. 248.58 crore and also includes the offer for sale of 1.09 crore shares amounting to Rs. 333.76 crore.
The first public offering (IPO) of Suryoday Small Finance Bank took place from March 17, 2021, to March 19, 2021. The Suryoday Bank IPO GMP Today is ₹[0]. On Wednesday, March 24, 2021, the allocation for the Suryoday Small Finance Bank’s first public offering was completed. On March 26, 2021, the shares were listed on the BSE and NSE.
Suryoday Small Finance Bank’s IPO price range is ₹ 31- ₹ 35 per share. The fundamental lot size of the application is 49 Shares. The following amount that needs to be invested by the retail investors is ₹14,945.
Suryoday Small Finance Bank IPO GMP Live Rates Day By Day With Kotak Rates
- Grey market premium as on 25-03-2021 is Discount, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 24-03-2021 is Discount, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 23-03-2021 is ₹2-3, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 22-03-2021 is ₹5-10, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 21-03-2021 is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 20-03-2021 is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 19-03-2021 is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 18-03-2021 is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 17-03-2021 is ₹30-35, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 16-03-2021 is ₹30-35, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 15-03-2021 is ₹30-35, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 14-03-2021 is ₹30-40, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 13-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 12-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 11-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 10-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 09-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
Suryoday Bank IPO Date & Price Band Details
| IPO Date | March 17, 2021 to March 19, 2021 |
| Listing Date | March 26, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹303 to ₹305 per share |
| Lot Size | 49 Shares |
| Total Issue Size | 19,093,070 shares (aggregating up to ₹582.34 Cr) |
| Fresh Issue | 8,150,000 shares (aggregating up to ₹248.58 Cr) |
| Offer for Sale | 10,943,070 shares of ₹10 (aggregating up to ₹333.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Suryoday Bank IPO Market Lot
Investors can bid for a minimum of 49 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 49 | ₹14,945 |
| Retail (Max) | 13 | 637 | ₹194,285 |
Suryoday Bank IPO Allotment & Listing Dates
Suryoday Small Finance Bank IPO opens on March 17, 2021, and closes on March 19, 2021.
| IPO Open Date | Wednesday, March 17, 2021 |
| IPO Close Date | Friday, March 19, 2021 |
| Basis of Allotment | Wednesday, March 24, 2021 |
| Initiation of Refunds | Wednesday, March 24, 2021 |
| Credit of Shares to Demat | Thursday, March 25, 2021 |
| Listing Date | Friday, March 26, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2021 |
Suryoday Bank Company Financial Report
| 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 | |
Suryoday Bank IPO Reservation
Suryoday Small Finance Bank IPO offers 13,515,150 shares. 3,718,614 (27.51%) to QIB, 2,788,961 (20.64%) to NII, 6,507,575 (48.15%) to RII, 500,000 (3.70%) to employees. 132,807 RIIs will receive minimum 49 shares and (sNII) and (bNII) will receive minimum 686 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 3,718,614 (27.51%) | NA |
| NII (HNI) Shares Offered | 2,788,961 (20.64%) | |
| Retail Shares Offered | 6,507,575 (48.15%) | 132,807 |
| Employee Shares Offered | 500,000 (3.70%) | NA |
| Total Shares Offered | 13,515,150 (100%) |
Company Profile
The Bank started in 2008 Suryoday Small Finance Bank Ltd, the largest bank in the SFB segment of our country. InstlyBank has been a provider of SFB services since 2017. For them, the high number of such clients is almost half of the total spotted here and are located at banks and a store-front credit location. NBFC was the company’s name before SBF, and it was granted by the RBI (Reserve Bank of India) through SBF. To accomplish the best banking experience, we are majorly serving at the financial frontiers, such as the ‘banked’, ‘under-banked’ and un-banked
strata of society. With all the power-packed features, our solutions have been tailored to accommodate a spectrum of benefits to match the distinct financial needs of individuals (robust solutions with a span of benefits). As usual, we will never stop giving perfect in-class customer experience. Suryoday Small Finance Bank, aka Suryoday Bank, will raise around ₹582.34 crores via IPO. They are coming with a Fresh Issue and an Offer for Sale of 19,093,070 equity shares. The share has a face value of 10. The price band is fixed at ₹303-305 per equity share. The minimum bid is 49 Shares with ₹14945 amount, while the maximum bid is 637 shares with ₹194285.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Suryoday Small Finance Bank Ltd |
| Phone number | +91 22 4043 5800 |
| Email ID | [email protected] |
| Website | https://www.suryodaybank.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Suryoday Bank FAQs
When Suryoday Small Finance Bank IPO will open?
The Suryoday Small Finance Bank IPO opens on March 17, 2021 and closes on March 19, 2021.
What is the lot size of Suryoday Small Finance Bank IPO?
Suryoday Small Finance Bank IPO lot size is 49 Shares, and the minimum amount required is ₹14,945.
When is Suryoday Small Finance Bank IPO allotment?
The finalization of Basis of Allotment for Suryoday Small Finance Bank IPO will be done on Wednesday, March 24, 2021, and the allotted shares will be credited to your demat account by Thursday, March 25, 2021.
When is Suryoday Small Finance Bank IPO listing date?
The Suryoday Small Finance Bank IPO listing date is on March 26, 2021.
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