The Suryoday Bank date has been confirmed from March 17 and ended on March 19
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).
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Bidding Dates
March 17- 19
Price Range
₹303 to ₹305 per share
Face Value
₹10 per share
GMP
Coming Soon
Suryoday Bank GMP
The Suryoday Bank IPO GMP is ₹[0].
IPO Overview
Suryoday Small Finance Bank IPO is a book built issue of Rs 582.34 crores. The issue is a combination of fresh issue of 0.82 crore shares aggregating to Rs 248.58 crores and offer for sale of 1.09 crore shares aggregating to Rs 333.76 crores.
Suryoday Small Finance Bank IPO bidding started from March 17, 2021 and ended on March 19, 2021. The allotment for Suryoday Small Finance Bank IPO was finalized on Wednesday, March 24, 2021. The shares got listed on BSE, NSE on March 26, 2021.
Suryoday Small Finance Bank IPO price band is set at ₹303 to ₹305 per share. The minimum lot size for an application is 49 Shares. The minimum amount of investment required by 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
Incorporated in 2008, Suryoday Small Finance Bank Ltd is India’s leading Small Finance Bank(SFB). 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. We endeavour to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. Our power-packed solutions are designed to offer a range of benefits to suit different financial needs. As always, we will continue to ensure the best in class ‘Customer Experience’.
Suryoday Small Finance Bank, aka Suryoday Bank, will raise around ₹582.34 crore via IPO. They are coming with a Fresh Issue and an Offer for Sale of 19,093,070 equity shares. The face value of the share is 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 | suryodayasfb.ipo@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Suryoday Small Finance Bank Ltd |
| Phone number | +91 22 4043 5800 |
| Email ID | company.secretary@suryodaybank.com |
| Website | https://www.suryodaybank.com/ |
IPO Strenghts
- 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.
