Suryoday Small Finance Bank

Mainboard

Bank - Private

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

₹ 14945 /49 Shares

Check Allotment

Price Summary

Last Closing

140.63 (-53.89%)

52 Week High

217.70

52 Week Low

130.63

Last Update

25-Nov-2024 3:30 PM

IPO Details

17 Mar, 2021

Open Date

19 Mar, 2021

Close Date

24 Mar, 2021

Allotment Date

26 Mar, 2021

Listing Date

Issue Price

₹303-305 per equity share

Face Value

10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

292.0 (NSE)

Listing Date

2021-03-26

Market Lot

49 Shares (₹14,945/-)

Lead Manager

Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, SBI Capital Markets Limited

Issue 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

2.37 times

IPO Docs

DRHP RHP

IPO Subscription Details

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 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.

	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

IPO - Ratings

Axis Capital

None

- Promoter(s)

Pre Issue Share Holding: 30.35%

Post Issue Share Holding: 28.02%

Company Promoter(s)

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.