Leading Small Finance Bank operating through 554 banking outlets to raise upto ~₹581 crores through capital markets.
Promoters of Suryoday Small Finance Bank are Baskar Babu Ramachandran, P. Surendra Pai, P. S. Jagdish and G. V. Alankara
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Min Retail Application (₹) | Listing Date (On or about) |
|---|---|---|---|---|
| 17-Mar-2021 | 19-Mar-2021 | 303 to 305 | 14,945 | 26-Mar-2021 |
About Industry
Small Finance Banking Industry: In order to promote financial inclusion, the Indian banking industry has seen several changes in recent years. NBFCs such as, Bandhan and IDFC, received permission to set up universal banks. Further, a few microfinance companies, local area banks and NBFCs have received permission to set up SFBs. SFBs are allowed to take deposits, which provide them an edge of having lower cost of funds in comparison with NBFCs. MFIs that have turned into SFBs are now diversifying their advances mix, and focusing on other retail and corporate lending business.
Key Pointers
- Customer centric approach with a focus on financial inclusion
- Diversified asset portfolio with a focus on retail operations
- Fast evolving granular deposit franchise
- Leveraging emerging technologies to enhance digital footprint
- Strong credit processes and robust risk management framework
- Track record of strong financial performance and cost efficient operations
- Multiple distribution channels
- Experienced leadership team, professional management and strong corporate governance
Suryoday Small Finance Bank IPO Snapshot
| Issue Open | 17-Mar-2021 |
| Issue Close | 19-Mar-2021 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 303 to ₹ 305 (Including premium of ₹ 293 to ₹ 295 per share) |
| Discount | Nil |
| Bid Lot | 49 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Suryoday Small Finance Bank Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹581 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~50% | 2.18 times |
| NII Portion (Application for lot size of 15 & above) | ~15% | 1.31 times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | 3.09 times |
| Employees Portion | upto 500,000 shares | 0.34 times |
| Total | 100% | 2.37 times |
Suryoday Small Finance Bank IPO Indicative Dates
| Issue Open | 17-Mar-2021 |
| Issue Close | 19-Mar-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 12-Mar-2021 (around 11-Mar-2021) |
| Announcement of Allotment | 24-Mar-2021 |
| Initiation of Refunds | 24-Mar-2021 |
| Credit of Shares | 25-Mar-2021 |
| Listing (Commencement of trading on Stock Exchanges) | 26-Mar-2021 |
Lead Managers of Suryoday Small Finance Bank IPO
List of Book Running and Lead/Co-Lead Manager/s
| Axis Capital Limited |
| ICICI Securities Limited |
| IIFL Securities Limited |
| SBI Capital Markets Limited |
Registrar of Suryoday Small Finance Bank IPO
| KFin Technologies Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 581 Crores (Upper Band |
| Pre-Issue Promoter's Holding | *% |
| Post Issue Promoter's Holding | TBA% |
| Pre-Issue Shares | 9.79 Crores |
| Post Issue Shares | 10.61 Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Suryoday Small Finance Bank IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
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