Suryoday Small Finance Bank Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹303-₹305
- Lot size
- 49 shares
- Issue amount
- ₹582 cr
- Total subscription
- 0×
- Opens
- 17 Mar 2021
- Closes
- 19 Mar 2021
- Allotment
- 24 Mar 2021
- Listing
- 26 Mar 2021
Offer at a glance
Issue overview
- Issue size
- 1,90,93,070 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,945
- Fresh issue
- ₹248 cr
- Offer for sale
- ₹334 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,945
- Issue type
- Bookbuilding IPO
- Shares before issue
- 9,79,80,826
- Shares after issue
- 10,61,30,826
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 49 | ₹14,945 |
| HNI | 14 | 686 | ₹2,09,230 |
| bHNI | 67 | 3,283 | ₹10,01,315 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank in India, serving primarily unbanked and underbanked customers. The company commenced its SFB operations in 2017, having previously operated as an NBFC. As of July 31, 2020, it had 482 banking outlets and a customer base of 1.43 million, operating mainly in urban and semi-urban areas. The bank offers a range of credit products including MFI loans, Vikas Loans, and Shopkeeper Loans, along with digital banking, NPCI payment systems, and mobile banking solutions. It focuses on innovative banking practices to serve underserved segments and maintains a diversified asset portfolio with an emphasis on retail operations.
Strengths
- Strong Focus on Financial Inclusion: Primarily serves underserved customers and small borrowers, creating a strong presence in niche banking segments.
- Diversified Lending Portfolio: Offers microfinance, affordable housing, commercial vehicle, and SME loans, reducing dependence on a single segment.
- Growing Digital Banking Reach: Expansion in digital services and branch network supports customer growth and operational efficiency.
Risk factors
- Asset Quality Risk: Any increase in loan defaults or NPAs can directly impact earnings and profitability.
- Dependence on Small Borrowers: Economic stress in lower-income and microfinance customer segments may affect repayment capability.
- Highly Competitive Banking Industry: Faces strong competition from banks, NBFCs, and fintech companies.
Promoters
Baskar Babu Ramachandran
P. Surendra Pai
P. S. Jagdish
G. V. Alankara
Registrar & documents
Lead manager
Axis Capital Limited, ICICI Securities Limited, IIFL Capital Services Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 1101, Sharda Terraces, Plot No. 65, Sector 11, CBD Belapur, Navi Mumbai 400 614
+91 22 4043 5800
[email protected]Company website ↗Understanding SURYODAY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.