Suryoday Small Finance Bank Ltd IPO(Suryoday SFB IPO)

Suryoday Small Finance Bank IPO
Suryoday Small Finance Bank IPO | Suryoday Small Finance Bank IPO 2021 | Suryoday SFB IPO | SSFB IPO | ssfb ipo | New IPO | Upcoming IPO

Suryoday Small Finance Bank is among the leading SFBs in India in terms of total interest rates, asset returns, yield and deposit growth and has the lowest rate of earning revenue for SFBs in India at FY2020.

Prior to the start of operations as an SFB in January 2017, the company operated as an NBFC – MFI that operates small-scale financial services through a joint group loan model by providing unpaid loans, small tickets to vulnerable economic women. categories.

Over the years, it has split its loan portfolio to include non-chemical bank loans. The company started operating on a small scale in 2009 and has since expanded operations in all 12 districts and union areas, from 31 July 2020.

Its customer base stood at 1.43 million and its staff had 3,949 employees and 482 Banking Outlets including 137 Non-Provided Rural Institutions (URCs). As of 31 March 2020, 32.72%, 29.72% and 30.80% of its Gross Advances came from major cities, towns and cities (based on branch locations as separated by RBI), respectively.

Suryoday Small Finance Bank IPO

Competitive Strengths

  • Offer credit products such as MFI loans, Vikas Loans, Storage Loans, etc.
  • Provide digital banking, NPCI payment systems, mobile technology and traditional banking banking.
  • Focus on the unused and saved ones with new banking practices.
  • It offers a portfolio of various assets with a focus on sales activities.

Company Promoters

The Promoters of our Bank are:

Baskar Babu Ramachandran, P. Surendra Pai, P. S. Jagdish and G. V. Alankara.

Company Financials

ParticularsFor the year/period ended (₹ in millions)
Total Assets63,504.0953,645.2237,612.0321,559.64
Total Revenue6,892.738,541.385,970.293,249.26
Profit After Tax548.661,111.98903.98114.92

Objects of the Issue

The Bank proposes to use the Fresh Issue Profit to supplement the Tier-1 Bank’s capital to meet the bank’s future needs.

Suryoday Small Finance Bank IPO
Object Of The Issue

Suryoday Small Finance Bank IPO Details

IPO Opening Date17 MAR, 2021
IPO Closing Date19 MAR, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 582.34 Cr.
Face Value₹10 per equity share
IPO Price[303] to [305] per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE
Total Share Issue1,90,93,070 Equity Shares

Suryoday Small Finance Bank IPO – Schedule

IPO Open Date17 MAR, 2021
IPO Close Date19 MAR, 2021
Finalization of Basis of Allotment24 MAR, 2021
Initiation of Refunds24 MAR, 2021
Credit of Shares to Demat Account25 MAR, 2021
IPO Listing Date30 MAR, 2021

Suryoday Small Finance Bank IPO Lot Size & Price

ApplicationLotsSharesAmount (Cut-off)

Suryoday Small Finance Bank IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Suryoday Small Finance Bank IPO
How To Apply IPO

Apply For Suryoday Small Finance Bank IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Suryoday Small Finance Bank IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Suryoday Small Finance Bank IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

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


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