Suryoday Small Finance Bank Ltd IPO (Suryoday Small Finance Bank IPO) Details

Suryoday Small Finance Bank Ltd IPO Details;

Suryoday Small Finance Bank Ltd IPO (Suryoday Small Finance Bank IPO) Details

Suryoday Small Finance Bank Ltd IPO Details: This is a leading Small Finance Bank(SFB) in India. SFB services were launched in 2017 in the unbanked and underbanked markets, they represent consumers. The firm operated as NBFC until SBF. The business had 482 banking outlets by 31st July 2020 and had a 14.3 lakh customer base. The business primarily operates in urban and semi-urban areas. Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc. Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels. Focus on the unserved and the underserved through innovative banking practices. Offers diversified asset portfolio with a focus on retail operations.

Suryoday Small Finance Bank Ltd IPO Details:

IPO Opening Date March 17th, 2021
IPO Closing Date March 19th, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹303 to ₹305 per equity share
Market Lot 49 Shares
Min Order Quantity 49 Shares
Listing At BSE, NSE
Issue Size 1,90,93,070 Eq Shares of ₹10
(aggregating up to ₹582.34 Cr)
Fresh Issue 81,50,000 Eq Shares of ₹10
(aggregating up to ₹248.58 Cr)
Offer for Sale 1,09,43,070 Eq Shares of ₹10

(aggregating up to ₹333.76 Cr)

Suryoday Small Finance Bank Ltd IPO Details:

This company primarily operates in urban and semi-urban areas. Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc. Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels. However, the issue is going to be opened on the 17th March and it will be closed on 19th March 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 303 to 305 per share. However, the minimum market lot is set at 49 shares per lot. Moreover, the minimum order quantity for buying is 49 shares. Further, the stock listing at BSE, NSE. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 582.34 crores. 

Objects 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.

Prospectus Documents:

Suryoday Small Finance Bank IPO DRHP

Company Contact Information:

Suryoday Small Finance Bank Ltd
Unit No. 1101, Sharda Terraces,
Plot No. 65, Sector 11, CBD Belapur,
Navi Mumbai 400 614

Phone: +91 22 4043 5800
Email: company.secretary@suryodaybank.com
Website: https://www.suryodaybank.com/

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