Suryoday Small Finance Bank IPO- March 17, 2021
Suryoday Small Finance Bank is a new age bank, one of the leading SFBs in India in terms of net interest margins, return on assets, yields and deposit growth and had the lowest cost-to-income ratio among SFBs in India in FY20. The bank serve customers in the unbanked and under banked segments and it has a strong presence across 13 states and union territories and a customer base of 1.44 million . It is among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ license from the Reserve Bank of India (RBI). The company ensures to focus on the best in class “Customer Experience”. Small Finance Bank has raised 170 crore from 13 anchor investors, including Axis Mutual Fund Trustee, ICICI Prudential Life Insurance Company and Goldman Sachs.
Points to note before investing in Suryoday Small Finance IPO
Focus on the unserved and the underserved through innovative banking practices and continue to expand reach in states where we currently don’t have a presence
Strong financial track record
Diversified asset portfolio with a focus on retail operations
Strong customer base
IPO Details
IPO Opening Date
| March 17, 2021
|
IPO Closing Date
| March 19, 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
|
Allotment , Listing and Refunds details
IPO Open Date
| March 17, 2021
|
IPO Close Date
| March 19, 2021
|
Basis of Allotment Date
| March 24, 2021
|
Initiation of Refunds
| March 24, 2021
|
Credit of Shares to Demat Account
| March 25, 2021
|
IPO Listing Date
| March 30, 2021
|
We hope this information was helpful. For more details, you can post your queries below and we will be happy to share it with you.
Thank You!