Profit Sheets

Suryoday Small Finance Bank Ltd IPO

April 20, 2021 03:26 PM

Suryoday Small Finance Bank 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. Before SBF, the company operated as an NBFC.

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.

Company Promoters:

  1. Baskar Babu Ramachandran;
  2. P. Surendra Pai;
  3. P. S. Jagdish; and
  4. G. V. Alankara.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in millions)
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

Suryoday Small Finance Bank IPO Details

IPO Opening Date Mar 17, 2021
IPO Closing Date Mar 19, 2021
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
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)

Suryoday Small Finance Bank IPO Tentative Timetable

The Suryoday Small Finance Bank IPO open date is Mar 17, 2021, and the close date is Mar 19, 2021. The issue may list on Mar 26, 2021.

IPO Open Date Mar 17, 2021
IPO Close Date Mar 19, 2021
Basis of Allotment Date Mar 24, 2021
Initiation of Refunds Mar 24, 2021
Credit of Shares to Demat Account Mar 25, 2021
IPO Listing Date Mar 26, 2021

Suryoday Small Finance Bank IPO Lot Size

The Suryoday Small Finance Bank IPO market lot size is 49 shares. A retail-individual investor can apply for up to 13 lots (637 shares or ₹194,285).

Application Lots Shares Amount (Cut-off)
Minimum 1 49 ₹14,945
Maximum 13 637 ₹194,285

Suryoday Small Finance Bank IPO Promoter Holding

Pre Issue Share Holding 30.35%
Post Issue Share Holding 28.02%

 

 

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