Suryoday Small Finance Bank
MainboardBank - Private
Listed On: Mar 26, 2021 at ₹ 292.0 (NSE)
₹ 14945 /49 Shares
Check AllotmentPrice Summary
Last Closing
128.21 (-57.96%)52 Week High
212.7552 Week Low
97.97Last Update
15-May-2025 3:30 PM17 Mar, 2021
Open Date19 Mar, 2021
Close Date24 Mar, 2021
Allotment Date26 Mar, 2021
Listing DateIssue Price
₹303-305 per equity shareFace Value
10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedList Price
292.0 (NSE)Listing Date
2021-03-26Market Lot
49 Shares (₹14,945/-)Lead Manager
Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, SBI Capital Markets LimitedIssue Size
Total Equity Shares 1,90,93,070 of ₹ 10/- at price of ₹ 303/- to ₹ 305/- with aggregating up to ₹ 582.34/- Cr# Fresh Issue of 81,50,000 Equity Shares of ₹ 10/- at price of ₹ 303/- to ₹ 305/- with aggregating up to ₹ 248.58/- Cr
# Offer for Sale of 1,09,43,070 Equity Shares of ₹ 10/- at price of ₹ 303/- to ₹ 305/- with aggregating up to ₹ 333.76/- Cr
Retail Portion
35%Subscription
timesIPO Details
The IPO of is priced at ₹303-305 per equity share, which has a face value of 10 Per Equity Share each, IPO bidding starts from Mar 17, 2021 and ends on Mar 19, 2021. The allotment for IPO will be finalized on Mar 24, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 26, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, SBI Capital Markets Limited.
The IPO sets its price band at 303-305 for each share. A single application for Suryoday Small Finance Bank must contain at least 49 shares.
IPO Subscription Details
| As on | QIB | NII | Retail | Employee | |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 37,18,614 | 27,88,961 | 65,07,575 | 5,00,000 | N/A |
| Day 1 - 17-03-21 05:00 PM | 0.00 x | 0.04 | 0.84 x | 0.06 x | N/A x |
| Day 2 - 18-03-21 05:00 PM | 0.00 x | 0.20 | 2.01 x | 0.17 x | N/A x |
| Day 3 - 19-03-21 05:00 PM | 2.19 x | 1.32 | 3.09 x | 0.33 x | N/A x |
Valuations
Earnings Per Share (EPS)
₹10.48/-P/E Ratio
29.11RoNW
10.43%Net Asset Value (NAV) - As on 30.09.20
₹8.10Company Financials All values are in ₹ Cr.
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
|---|---|---|---|---|
| Assets | 6,350.40 | 5,364.52 | 3,761.20 | 2,155.96 |
| Revenue | 689.27 | 854.13 | 597.02 | 324.92 |
| Profit After Tax | 54.86 | 111.19 | 90.39 | 11.49 |
About The Company
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. 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. 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.
Read More- Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Suryoday Small Finance Bank Limited | 2.28 | 29.11 | 8.99% | 854.13 |
| Ujjivan Small Finance Bank Limited | 1.79 | (108.82) | (1.64)% | 3,025.81 |
| Credit Access Gramin Limited | 3.88 | 17.14 | 3.31% | 1,705.48 |
| Spandana Sphoorty Finance Limited | N/A | 12.14 | 13.40% | 1,469.50 |
| Bandhan Bank Limited | 3.38 | 21.50 | 15.72% | 12,434.69 |
| AU Small Finance Bank Limited | 7.83 | 34.25 | 22.86% | 4,991.97 |
- Promoter(s)
Pre Issue Share Holding: 30.35%
Post Issue Share Holding: 28.02%
- Baskar Babu Ramachandran
- P. Surendra Pai
- P. S. Jagdish
- G. V. Alankara
IPO - Issue Objectives
- Offer for sale
(a) To achieve benefits of listing the equity Shares on the stock exchanges
(b) Share upto [ . ] equity shares of the selling share holders of the company. - Fresh Issue
(a) To utilize the net proceeds from the fresh issue towards augmenting Bank's Tier-1 capital base: and
(b) To meet Bank's future capital requirements.
IPO - FAQs
Ans. Suryoday Small Finance Bank is a Mainboard IPO. The issue is priced at ₹303-305 per equity share. The minimum order quantity is 49 Shares. The IPO opens on Mar 17, 2021, and closes on Mar 19, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Suryoday Small Finance Bank opens on Mar 17, 2021 and closes on Mar 19, 2021.
Ans. The size of Suryoday Small Finance Bank is Total Equity Shares 1,90,93,070 of ₹ 10/- at price of ₹ 303/- to ₹ 305/- with aggregating up to ₹ 582.34/- Cr # Fresh Issue of 81,50,000 Equity Shares of ₹ 10/- at price of ₹ 303/- to ₹ 305/- with aggregating up to ₹ 248.58/- Cr # Offer for Sale of 1,09,43,070 Equity Shares of ₹ 10/- at price of ₹ 303/- to ₹ 305/- with aggregating up to ₹ 333.76/- Cr.
Ans. The IPO price band is set between ₹303-305 per equity share.
Ans. To apply for Suryoday Small Finance Bank IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Suryoday Small Finance Bank in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Suryoday Small Finance Bank is Mar 24, 2021.
Ans. The Suryoday Small Finance Bank will be listed on Mar 26, 2021.
Ans. Follow the steps to check the allotment status for Suryoday Small Finance Bank here.
