Today, we are talking about the most prominent and leading small finance bank named Suryoday Small Finance Bank Ltd. Incorporated in 2008, the company doing very well in the field. Now, it will very soon be opening its Suyoday Small Finance Bank IPO to raise the company’s funds. Let us tell you that the company started its Small Finance Bank Services (SFB) in 2017. They serve customers in the unbanked and underbanked segments. The Suryoday Small Finance Bank IPO will be going to open very soon. The traders who want to invest their money at a place where they will get a very huge amount of profit then it will be the best place.
The report of 31st July 2020 clearly shows that Suryoday Small Finance Bank has 482 banking outlets and a 14.3 lakh customer base. The company mainly operates in urban and semi-urban locations. Apart from this, the company also offering MFI loans, Vikas Loans, Shopkeeper Loans, etc as credit products. Along with Banking through traditional channels, the company also offering digital banking, NPCI payment systems, and mobile technologies. Now, Suryoday Small Finance Bank IPO Share Price, Grey Market Price, Launch Date, IPO Review is here given. You will very easily know every single detail related to the Upcoming IPO 2021 in India.
Suryoday Small Finance Bank IPO All Details
It will be very interesting to know that the Suryoday Small Finance Bank IPO Opening Date is set to 17th March 2021. The IPO closing date is scheduled for 19th March 2021. The face value of the IPO is Rs. 10 per equity share and the IPO Price is ₹303 to ₹305 per equity share. If we talk about the minimum lot then it will contain 49 shares. So, it helps all the small traders who want to invest their money with their small amount. The return that all the traders expected from the IPO is very high and everyone wants to invest in the IPO to try their luck. Suryoday Small Finance Bank IPO All Details are given below.
| IPO Opening Date | 17th March 2021 |
| IPO Closing Date | 19th March 2021 |
| IPO Issue Type | Book Built Issue IPO |
| IPO Face Value | Rs. 10 per equity share |
| IPO Price | Rs. 303 to Rs. 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
Now, if we talk about the Tentative Timetable of the IPO then it is here described. You will very easily understand the entire content of the table. After the IPO Open and Close Date, the traders searching for the Allotment date. So, the Suryoday Small Finance Bank IPO Allotment Date will be held on 24th March 2021. On the same day, the company also refund the over-subscribed applications. The shares will be credited to the Demat account of the traders on the next day on 25th March 2021. In the end, the Suryoday Small Finance Bank Ltd IPO Listing Date is scheduled for 30th March 2021. It will be a very brilliant chance to invest and earn a very huge return from the IPO.
| IPO Open Date | 17th March 2021 |
| IPO Close Date | 19th March 2021 |
| Basis of Allotment Date | 24th March 2021 |
| Initiation of Refunds | 24th March 2021 |
| The credit of Shares to Demat Account | 25th March 2021 |
| IPO Listing Date | 30th March 2021 |
The most important part that all the traders need to know that the promoters of the company are Baskar Babu Ramachandran, P. Surendra Pai, P. S. Jagdish, and G. V. Alankara. All the promoters are very well reputed and popular across the country. Almost 30.35% of the stake will hold by the promoters and only 28.02% will be distributed among traders. Now, we mentioned almost every detail regarding the Suryoday Small Finance Bank IPO. All the people who want to get the perfect knowledge of the company and the IPO will easily get here. So, stay connected with us because we will update our website daily and introducing much popular and knowledgeable information to our all users.