IPO

Suryoday Small Finance Bank

Mainboard

Bank - Private

Listed On: Mar 26, 2021 at ₹ 292.0 (NSE)

₹ 14945 /49 Shares

Check Allotment

17 Mar, 2021

Open Date

19 Mar, 2021

Close Date

24 Mar, 2021

Allotment Date

26 Mar, 2021

Listing Date
Price Summary

Last Closing

133.95 (-56.08%)

52 Week High

161.48

52 Week Low

97.97

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹303-305 per equity share
  • Face Value 10 Per Equity Share 
  • Issue Price 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
  • Listing at BSE, NSE
  • List Price 292.0 (NSE)
  • Listing Date 2021-03-26
  • Lead Manager Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, SBI Capital Markets Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO 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.

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IPO Subscription Analysis And Details
Retail
3.09x
QIB
2.19x
NII
1.32x
Total
2.37x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 37,18,614 27,88,961 65,07,575 5,00,000 1,35,15,150
Day 1 17-03-21 05:00 PM
0.00 x 0.04 0.84 x 0.06 x 0.42 x
Day 2 18-03-21 05:00 PM
0.00 x 0.20 2.01 x 0.17 x 1.02 x
Day 3 19-03-21 05:00 PM
2.19 x 1.32 3.09 x 0.33 x 2.37 x
Valuations
Earnings Per Share (EPS) ₹10.48/-
P/E Ratio 29.11
RoNW 10.43%
Net Asset Value (NAV) - As on 30.09.20 ₹8.10
Company Financials
In Crs.
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 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.

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- Promoter(s)

Baskar Babu Ramachandran

P. Surendra Pai

P. S. Jagdish

G. V. Alankara

Pre Issue Share Holding : 30.35%

Post Issue Share Holding : 28.02%

IPO - Issue Objectives
1

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.

2

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 - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
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