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. 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.
Strengths Key Features
- Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc.
- Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels.
- Focus on the unserved and the underserved through innovative banking practices.
- Offers diversified asset portfolio with a focus on retail operations.
Suryoday Small Finance Bank IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹303 to ₹305 per equity share |
| Market Lot | 49 Shares |
| Min Order Quantity | 49 Shares |
| Listing At | BSE, NSE |
| BSE Code | 543279 |
| NSE Code | SURYODAY |
| ISIN Code | INE428Q01011 |
| Issue Size | 19,093,070 Eq Shares of ₹10 (aggregating up to ₹582.34 Cr) |
| Fresh Issue | 8,150,000 Eq Shares of ₹10 (aggregating up to ₹248.58 Cr) |
| Offer for Sale | 10,943,070 Eq Shares of ₹10 (aggregating up to ₹333.76 Cr) |
IPO Time Table
| PARTICULAR | DATE |
| IPO Opening Date | 17-Mar-21 |
| IPO Closing Date | 19-Mar-21 |
| Basis of Allotment Date | 24-Mar-21 |
| IPO Listing Date | 30-Mar-21 |
Suryoday Small Finance Bank IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 49 | ₹14,945 |
| Maximum | 13 | 637 | ₹194,285 |
Company Financials:
| PARTICULAR | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 63,504.09 | 53,645.22 | 37,612.03 | 21,559.64 |
| Total Revenue | 6,892.73 | 8,541.38 | 5,970.29 | 3,249.26 |
| Profit After Tax | 548.66 | 1,111.98 | 903.98 | 114.92 |
Company Promoters:
- Baskar Babu Ramachandran;
- P. Surendra Pai
- P. S. Jagdish
- G. V. Alankara
| Company Contact Information | Suryoday Small Finance Bank IPO Registrar |
| 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 Email: company.secretary@suryodaybank.com Website: https://www.suryodaybank.com/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: suryodayasfb.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
