Suryoday Small Finance Bank IPO

IPO Status: Closed [17th Mar 2021 to 19th Mar 2021]

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About Suryoday Small Finance Bank IPO

India's one of the leading small finance banks, Suryoday Small Finance Bank is coming with an IPO of Rs. 582 Cr. The IPO opens on 17 Mar and closes on 19 March. It is a book-built IPO that price band is Rs. 303-305 that is 30.3 and 30.5 times the face value of Rs. 10. One can apply for the IPO lot size of 49 shares or its multiples subject to a minimum order quantity of Rs. 14,945. Scroll down the page further to know more about Suryoday Small Finance Bank IPO including business overview, financials, strengths, risks, GMP, live subscription, allotment, and recommendations.

About the Company - Suryoday Small Finance Bank Limited

Suryoday Small Finance Bank is among one of the leading SFBs in India. The bank serves customers in the unbanked and underbanked segments in India. Initially, the company started its operations as an NBFC and later became an SFB. Since its inception, the firm has expanded its presence, as of Dec 31, 2020, it has a clientele base of 1.44 million customers across 13 states and union territories of India. It also has 661 Customer Service Points (CSPs) to offer additional services.

The bank offers a variety of products and services including commercial vehicle loans, affordable housing loans, micro business loans, unsecured micro and small enterprise, SME loans, secured business loans, etc. It has a strong network distribution of ATMs, phone banking, mobile banking, unified payment interface, tablet banking, CSPs, and net banking services.

Suryoday Small Finance Bank IPO Objective

  • To achieve share listing benefits on the BSE and NSE exchange.
  • To utilize the net proceeds from the fresh issue towards augmenting Tier-1 capital base.

Suryoday Small Finance Bank IPO Details

Suryoday Small Finance Bank IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Suryoday Small Finance Bank IPO Details
Suryoday Small Finance Bank Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: 19,093,070 shares at ₹305 per share [Aggregating upto ₹582.34 Cr]
Offer for Sale: 10,943,070 shares at ₹305 per share [Aggregating upto ₹333.76 Cr]
Fresh Issue: 8,150,000 shares at ₹305 per share [Aggregating upto ₹248.58 Cr]
Face Value: ₹10 Per Equity Share
IPO Issue Price: ₹303-305
IPO Discount: NA
Market Lot: 49 Shares
Min Retail Qty: 49 shares (1 lot)
Max Retail Qty: 637 shares (13 lots)
Promoter Holding Pre IPO: 30.35%
Promoter Holding Post IPO: 28.02%
IPO Listing At: BSE, NSE
BSE Code: 543279
NSE Code: SURYODAY

Suryoday Small Finance Bank IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 3,718,614 Shares
  • Non-Institutional Investors: 2,788,961 Shares
  • Retail Individual Investor: 6,507,575 Shares
  • Employees Quota: 500,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIIEMPTotal
 # of Shares Offered3,718,6142,788,9616,507,575500,00013,515,150
117th Mar 2021 05:020.00x0.04x0.84x0.06x0.42x
218th Mar 2021 05:020.00x0.20x2.00x0.17x1.01x
319th Mar 2021 05:022.18x1.31x3.09x0.34x2.37x

Suryoday Small Finance Bank Financials for past 3 Years

Past performance and financial results of Suryoday Small Finance Bank.

Suryoday Small Finance Bank financial
Suryoday Small Finance Bank Financials 31-Dec-2020 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹6,350.41 Cr ₹5,364.52 Cr ₹3,761.20 Cr ₹2,155.96 Cr
Total Income ₹689.27 Cr ₹854.14 Cr ₹597.03 Cr ₹324.93 Cr
Net Profit/Loss ₹54.87 Cr ₹111.19 Cr ₹90.34 Cr ₹11.49 Cr

Suryoday Small Finance Bank IPO Strengths

  • Customer-centric approach.
  • Diversified products and services.
  • Multiple distribution channels.
  • Robust financial performance and cost-efficient operations.
  • Experienced leadership and professional management.

Suryoday Small Finance Bank IPO Threats/Weaknesses

  • Unpredictable events like COVID-19 have significantly affected its operations.
  • Significant dependency on advances to inclusive finance (JLG) customers.
  • The banking industry is subject to stringent regulatory requirements. 
  • Interest rate risks will have a direct impact on its net interest income, financial performance, and cash flows.

Suryoday Small Finance Bank IPO Recommendations

Suryoday Small Finance Bank IPO Important Dates

In this section we have covered all important dates related to Suryoday Small Finance Bank IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Suryoday Small Finance Bank IPO important dates
IPO Activity Date
IPO Issue Open Date 17th Mar 2021
IPO Issue Close Date 19th Mar 2021
Basis of Allotment Finalisation Date* 24th Mar 2021
Refunds Initiation* 24th Mar 2021
Credit of Shares to Demat Account* 25th Mar 2021
IPO Listing Date* 26th Mar 2021

* - Tentative Dates

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  NRI Form ⇒

Suryoday Small Finance Bank IPO DRHP >>Document

Suryoday Small Finance Bank IPO RHP >>Document

Suryoday Small Finance Bank IPO Allotment Status >>Link

Company Address

Suryoday Small Finance Bank Limited
Unit No. 1101, Sharda Terraces, Plot No. 65, Sector 11,
CBD Belapur, Navi Mumbai - 400614, Maharashtra, India
Website: http://www.suryodaybank.com/
Email: [email protected]
Phone: +91 22 4043 5800

Registrar

Kfin Technologies Private Limited
Selenium, Tower B, Plot No. - 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: http://www.kfintech.com/

Lead Manager

  1. Axis Capital Limited.
  2. IIFL Securities Limited.
  3. ICICI Securities Limited.
  4. SBI Capital Markets Limited.
Suryoday Small Finance Bank IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Suryoday Small Finance Bank? Should I apply in Suryoday Small Finance Bank IPO?

Last Updated on 2021-06-10T12:49:04+00:00

Suryoday Small Finance Bank IPO FAQs

  1. 1. How to subscribe Suryoday Small Finance Bank IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Suryoday Small Finance Bank IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Suryoday Small Finance Bank IPO with Zerodha.

    Alternate approch to apply in Suryoday Small Finance Bank IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Suryoday Small Finance Bank IPO Review and Important Updates

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  2. 2. How to apply in Suryoday Small Finance Bank IPO online?

    Apply in Suryoday Small Finance Bank IPO online

    To subscribe or apply in Suryoday Small Finance Bank IPO, you can use the following methods:

    Suryoday Small Finance Bank IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Suryoday Small Finance Bank IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Suryoday Small Finance Bank IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Suryoday Small Finance Bank IPO. Most of the Syndicate Banks provide access to apply in Suryoday Small Finance Bank IPO via ASBA process. You must have your net banking access, DP ID information to apply in Suryoday Small Finance Bank IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Suryoday Small Finance Bank IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Suryoday Small Finance Bank IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Suryoday Small Finance Bank IPO?

    Applying in Suryoday Small Finance Bank IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Suryoday Small Finance Bank IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Suryoday Small Finance Bank IPO, please refer article >> Link

    Suryoday Small Finance Bank IPO Review and Important Updates

    Steps to download the online application form for Suryoday Small Finance Bank IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 49 and max 637 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Suryoday Small Finance Bank IPO?

    Suryoday Small Finance Bank IPO is going to be list on 26-03-2021. NSE Code for Suryoday Small Finance Bank is SURYODAY. BSE Code for Suryoday Small Finance Bank is 543279.

    Other relevant questions:

    When Suryoday Small Finance Bank IPO will be listing? Suryoday Small Finance Bank IPO NSE listing date?Suryoday Small Finance Bank IPO date of listing.Suryoday Small Finance Bank IPO BSE listing date?

     

  5. 5. When Suryoday Small Finance Bank IPO will be allocated?

    Suryoday Small Finance Bank IPO Allotment Date is 24-03-2021.

    Other relevant questions:

    Suryoday Small Finance Bank IPO share allotment date?Suryoday Small Finance Bank IPO allotment date?

     

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User Comments

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5. karthik  3/11/2021 11:20:16 PM Reply
Suryoday Small Finance Bank IPO expected listing gain.
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4. Surendra kumar sharma  3/11/2021 11:20:16 PM Reply
Please confirm Suryoday Small Finance Bank IPO GMP (grey market premium) and kostak.
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3. pratibha patil  3/11/2021 11:20:16 PM Reply
Suryoday Small Finance Bank IPO good or bad.
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2. Basant  3/11/2021 11:20:16 PM Reply
Suryoday Small Finance Bank IPO whether to invest or not.
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1. MILAN  3/11/2021 11:20:16 PM Reply
Suryoday Small Finance Bank IPO - CRISIL Rating, Apply or not?.

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