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Suryoday Small Finance Bank is among the main SFBs in India as far as net revenue edges, return on resources, yields and store development and had the most reduced expense for money proportion among SFBs in India in FY2020.
Preceding initiation of tasks as a SFB in January 2017, the organization worked as a NBFC – MFI helping out microfinance activities through the joint obligation bunch loaning model for giving insurance free, little ticket-size credits to financially dynamic ladies having a place with more vulnerable areas.
Throughout the long term, it has broadened its credit portfolio to incorporate nonmicro banking advances. The organization started its microfinance tasks in 2009 and has since extended activities across 12 states and association regions, starting at 31 July 2020. Its client base remained at 1.43 million and its worker base involved 3,949 representatives and it worked 482 Banking Outlets including 137 Unbanked Rural Centers (URCs). Starting at 31 March 2020, 32.72%, 29.72% and 30.80% of its Gross Advances were from metropolitan, metropolitan and semi-metropolitan regions (in light of branch areas as grouped by the RBI), separately.
Subscription Dates | 17 – 19 March 2021 |
Price Band | INR303 – 305 per share |
Fresh issue | 8,150,000 shares (INR246.94 – 248.57 crore) |
Offer For Sale | 10,943,070 shares (INR331.57 – 333.76 crore) |
Total IPO size | 19,093,070 shares (INR578.52 – 582.34 crore) |
Minimum bid (lot size) | 49 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2018 | FY2019 | FY2020 | 9M FY2021 |
Revenue | 324.9 | 597.0 | 854.1 | 689.3 |
Expenses | 313.4 | 506.6 | 742.9 | 634.4 |
Net income | 11.5 | 90.4 | 111.2 | 54.9 |
Net margin (%) | 3.5 | 15.1 | 13.0 | 8.0 |
Earnings Per Share (EPS): INR13.3
Price/Earnings (PE ratio): 22.78 – 22.93
Return on Net Worth (RONW): 10.43%
Net Asset Value (NAV): INR123.13 per share
NSE : SURYODAYEQ
BSE : 543279
ISIN CODE :INE428Q01011
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IPO Opening Date: 17 March 2021
IPO Closing Date: 19 March 2021
Finalization of Basis of Allotment: 24 March 2021
Initiation of refunds: 24 March 2021
Transfer of shares to demat accounts: 25 March 2021
Listing Date: 30 March 2021
Suryoday Small Finance Bank Limited
Unit No. 1101, Sharda Terraces,
Plot No. 65, Sector 11,
CBD Belapur, Navi Mumbai 400 614
Phone: +91 22 4043 5800
Email: cscompany.secretary@suryodaybank.com
Website: www.suryodaybank.com
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 37,18,614 | 0.00 | 0.00 | 2.19 |
NII | 27,88,961 | 0.04 | 0.20 | 1.32 |
Retail | 65,07,575 | 0.84 | 2.01 | 3.09 |
Employee | 5,00,000 | 0.06 | 0.17 | 0.33 |
Total | 1,35,15,150 | 0.42 | 1.02 | 2.37
|
Suryoday Small Finance Bank IPO is a main-board IPO of 19,093,070 equity shares of the face value of ₹10 aggregating up to ₹582.34 Crores. The issue is priced at ₹303 to ₹305 per equity share. The minimum order quantity is 49 Shares.The initial public offering (IPO) begins onMar 17, 2021,and ends on Mar 19, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Suryoday Small Finance Bank IPO opens on Mar 17, 2021 and closes on Mar 19, 2021.
Suryoday Small Finance Bank IPO lot size is 49 Shares and the minimum order quantity is 49 Shares.
Suryoday Small Finance Bank IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Suryoday Small Finance Bank IPO will be done on Mar 24, 2021, and the allotted shares will be credited to your demat account by Mar 25, 2021. Check the Suryoday Small Finance Bank IPO allotment status.
The Suryoday Small Finance Bank IPO listing date is on Friday, March 26, 2021.
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