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Suryoday Small Finance Bank IPO: Review, Apply Online, Subscription & Allotment Status, GMP (Live Updates Today)

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Short Info: सूर्योदय स्मॉल फाइनेंस बैंक आईपीओ सब्सक्रिप्शन स्टेटस, ग्रे मार्केट प्रीमियम, अलॉटमेंट स्टेटस 2021 | Suryoday Small Finance Bank Ltd IPO: Review, Apply Online, Subscription Status, Allotment Status & Grey Market Premium (NSE & BSE India). Suryoday Small Finance Bank IPO Subscription Status | Suryoday Small Finance Bank GMP Today | Suryoday Small Finance Bank IPO Allotment Status | Suryoday Small Finance Bank IPO Price, Timetable, Listing Date, Share Price, Issue Date, Lot Size & Review at Official Website www.nseindia.com,www1.nseindia.com & www.bseindia.com.

Short Article Details:
Name of Article Suryoday Small Finance Bank IPO
IPO Subscription Active
Article Published On 03/15/2021
Article Updated on  03/31/2021

Table of Content

Table of Contents

सूर्योदय स्मॉल फाइनेंस बैंक आईपीओ: Suryoday Small Finance Bank IPO Subscription, Allotment, GMP News Update

Latest News Update: Suryoday Small Finance Bank IPO Subscription & Allotment Status, GMP Today
  • Suryoday Small Finance Bank has received bids for 91.60 lakh equity shares against the issue size of 1.35 crore equity shares, with the retail portion being subscribed 1.37 times
  • Suryoday Small Finance Bank on Friday set an issue price of ₹303-305 a share for its three-day initial public offering (IPO) beginning 17 March.
  • The Suryoday IPO consists of fresh issue of 81.50 lakh equity shares and an offer for sale of 1,09,43,070 equity shares by existing shareholders

Suryoday Small Finance Bank IPO: Subscription Status, Grey Market Premium & Allotment Status

Summary: The initial public offering (IPO) of Suryoday Small Finance Bank will open on Wednesday, March 17, along side Nazara Technologies. The issue will close on March 19, Friday. Investors will be able to apply for a lot of 49 shares and in multiples thereof. Retail investors can apply for a maximum of up to 13 lots.

With an IPO of up to 19.09 million shares, Suryoday SFB is aiming at raising Rs 582 crore through the issue.

The bank, which has 477 outlets, has previously undertaken a pre-IPO placement of 5,208,226 shares. These shares were issued to SBI Life Insurance, Axis Flexi Cap Fund, Axis Equity Hybrid Fund and Kiran Vyapar at Rs 291.75 per share. The company was able to rake in Rs 152 crore from the aforementioned investors.

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The IPO page of Suryoday Small Finance Bank captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date’s Open Price, High Price, Low Price, Close price and Volume. It also captures the Holding Period Returns and Annual Returns.

Suryoday Small Finance Bank Ltd IPO Date, Price Band, Market Lot

Suryoday Small Finance Bank IPO 2021 – Overview
Name of Article Suryoday Small Finance Bank IPO 
in Language सूर्योदय स्मॉल फाइनेंस बैंक आईपीओ
Company Promoters Baskar Babu Ramachandran;
P. Surendra Pai;
P. S. Jagdish; and
G. V. Alankara.
Suryoday Small Finance Bank IPO Lead Manager(s) Axis Capital Limited
ICICI Securities Limited
IIFL Holdings Limited
SBI Capital Markets Limited
IPO Date Mar 17 to Mar 19, 2021
Issue Type Book Built Issue IPO
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)
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

Suryoday Small Finance Bank Allotment & Listing Dates

Suryoday Small Finance Bank Schedule: Allotment & Listing Dates
Event Dates
Bid/Offer Launch date Mar 17, 2021
Bid/Offer Last date Mar 19, 2021
Basis of Allotment finalization date Mar 24, 2021
Initiation of Refunds Mar 24, 2021
Credit of Shares to Demat Acct Mar 25, 2021
IPO Shares Listing Date Mar 30, 2021

Suryoday Small Finance Bank IPO Subscription Status Live:

Suryoday Small Finance Bank IPO subscribed 2.37 times. The public issue subscribed 3.09 times in the retail category, 2.18 times in QIB, and 1.31 times in the NII category by Mar 19, 2021 05:00.

Category Subscription Status
Qualified Institutional 2.18 Times
Non Institutional 1.31 Times
Retail Individual 3.09 Times
Employee 0.34 Times
Others [.] Times
Total 2.37 Times

Suryoday Small Finance Bank IPO Subscription Status (Fully Subscribed)

Suryoday Small Finance Bank IPO subscribed 2.37 times. Suryoday Small Finance Bank IPO received bids for 3.09 times issue size in retail, 2.18 times issue size in QIB, and 1.31 times issue size in the Non-institutional category by Mar 19, 2021 05:00.

Category Day 1 Day 2 Day 3
QIB 0.00x 0.00x 2.18x
NII 0.04x 0.20x 1.31x
RII 0.84x 2.00x 3.09x
EMP 0.06x 0.17x 0.34x
Total 0.42x 1.01x 2.37x

Suryoday Small Finance Bank IPO Grey Market Premium (GMP Today)

Suryoday Small Finance Bank’s initial public offering (IPO) opens March 17, launching at a time when the microfinance (MFI) sector is battling bad assets. The IPO meets regulatory obligations for listing, but the bank’s 2.5x trailing 12-months price-to-book value appears expensive.

Suryoday Small Finance Bank IPO Grey Market Premium Updates

Date GMP Kostak Subject to Sauda

Suryoday Small Finance Bank IPO GMP Rates day by day with Kotak rates.

  • Grey market premium as on 18-03-2021 is ₹25-30, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 17-03-2021 is ₹30-35, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 16-03-2021 is ₹30-35, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 15-03-2021 is ₹30-35, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 14-03-2021 is ₹30-40, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 13-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 12-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 11-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 10-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 09-03-2021 is ₹N/A, Kostak ₹N/A & Subject to Sauda is ₹N/A

Suryoday Small Finance Bank IPO Shares Offered

Suryoday Small Finance Bank IPO is a public issue of 13,515,150 equity shares. The issue offers 6,507,575 shares to retail individual investors, 3,718,614 shares to qualified institutional buyers, 2,788,961 share to non-institutional investors.

Category Shares Offered
QIB 3,718,614
NII 2,788,961
Retail 6,507,575
Employee 500,000
Total 13,515,150

Suryoday Small Finance Bank IPO Subscription Process

Suryoday Small Finance Bank is coming with an IPO of INR 582 cr which includes fresh issue of INR 249 cr and OFS of 1.09 shares by shareholders at price band of INR 303-305. The primary purpose of the IPO is to comply with RBI’s norm of listing the bank within 3 years of commencement.

You can apply in Suryoday Small Finance Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

How to apply for the Suryoday Small Finance Bank IPO?

Step 1- You can submit your online application and make the payment through any supported UPI application via brokerages.

Step 2- To be able to create a UPI ID, you need to download the BHIM app, or any other UPI enabled bank application, where you own an account.

Step 3- While filing for the IPO make sure you mention the correct UPI ID.

Step 4- And after filling the application, the subscriber can submit the same to its financial advisor or brokerage.

Step 5- A request for blocking funds will be sent to the subscriber on the UPI mobile application. The subscriber would need to enter the UPI PIN to approve the block mandate.

Step 6- The funds will get blocked in the subscriber’s bank account, and once the allotment is done, the money will be debited from the blocked sum.

Nazara Technologies using Zerodha app

Login to Zerodha Kite console

Nazara Technologies using ICICI Direct app

Login to ICICIdirect.com.

Nazara Technologies using Angel Broking app

Log in to Angel Broking apps

Nazara Technologies IPO Online via Groww

go to https://groww.in/ipo.

How to check Suryoday Small Finance Bank IPO Allotment Status?

Here’s how to check Suryoday Small Finance Bank IPO Karvy, Linkintime, KFintech, BSEIndia & NSEIndia allotment status: If you have bid for the Indian Railway Finance Corporation IPO, you can check your allotment status by following these simple steps:

Nazara Technologies BSEIndia allotment status

BSE website.

Nazara Technologies NSEIndia Allotment status

NSE website.

 ipo.alankit.com Nazara Technologies allotment status

 ipo.alankit.com

Nazara Technologies Linkintime allotment status

registrar’s website here.

KFintech Private Ltd Nazara Technologies share allotment status

KFintech IPO Allotment Status Link 1

KFintech IPO Allotment Status Link 2

KFintech IPO Allotment Status Link 3

Suryoday Small Finance Bank IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021

ABOUT IPO Date, Price, GMP, Review, Analysis & Details
Suryoday Small Finance Bank IPO Subscription Status, Grey Market Premium & Allotment Status: Suryoday Small Finance Bank IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021 Suryoday Bank is a Mumbai-based bank that was established in 2008. They are one of India’s most well-known small finance banks. They cater to consumers who are unbanked or underbanked. They have a presence in ten states and represent 1.25 million people.

The initial public offering (IPO) of Suryoday Small Finance Bank will open on 17 March and close two days later, on 19 March. The company has fixed the issue price at Rs 303-305 a share.

The qualified institutional buyers subscribed 1,372 equity shares so far. Around 37.18 lakh equity shares have been reserved for them.

The Rs 581 crore IPO that opened on March 17 comprises a fresh issue of around Rs 247 crore and an offer for sale of Rs 334 crore by existing selling shareholders. The small finance bank (SFB) raised Rs 170 crore from anchor investors on March 16.

The company will sell its shares in the price band of Rs 303-305 apiece. Investors can apply for a lot of 49 shares and in multiples thereof. Retail investors can apply for a maximum up to 13 lots. Suryoday SFB plans to raise Rs 581 crore through the issue. The issue comprises a fresh issue of up to 8,150,000 shares and an offer for sale of up to 10,943,070 shares.

Company Financials:

The small finance bank has grown at a CAGR of 29 percent from FY17-FY20, in terms of assets under management (AUM). Top three SFBs accounted for 63 percent of the total SFB AUM in FY20, compared to 55 percent in FY17. These top three SFBs recorded a CAGR of 35 percent during FY17-FY20.

The bank has witnessed rapid growth in deposits between FY18-FY20. Their deposit base has grown at a CAGR of 94.95 percent from Rs 749.52 crore as of March 2018 to Rs 2,848.72 crore as of March 2020 and was Rs 3,343.84 crore as of December 2020. As of December 2020, its deposit base represented 69.22 percent of its overall funding profile.

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%

Objects of the Issue:

Suryoday Small Finance Bank IPO Objects of the Issue
  • The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank’s Tier-1 capital base to meet the Bank’s future capital requirements.

Competitive strengths

Key Things Before Investing in Suryoday Small Finance Bank
  • Basker Baburamachandran. Sundar Pai, P. S. Jagadishand and G. V. Alankara are company promoters.
  • The investors’ portion for QIB-50%, NII-15%, and Retail 35%.
  • The company has set a price range of Rs 303-305 per share, with each share having a face value of Rs 10.
  • The Suryoday Bank IPO lead managers are Axis Capital Limited, ICICI Securities Limited, IIFL Securities Limited, and SBI Capital Markets Limited.
  • Suryoday Bank IPO allotment date is 24 March 2021.

Suryoday Small Finance Bank IPO Registrar

Suryoday Small Finance Bank IPO Registrar Details
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/

Company Contact Information

COMPANY CONTACT NUMBER & ADDRESS
Suryoday Small Finance Bank Ltd
Unit No. 1101, Sharda Terraces,
Plot No. 65, Sector 11, CBD Belapur,
Navi Mumbai 400 614Phone: +91 22 4043 5800
Email: company.secretary@suryodaybank.com
Websitehttps://www.suryodaybank.com/

Suryoday Small Finance Bank IPO Subscription FAQs:

When Suryoday Small Finance Bank IPO will open?

The Suryoday Small Finance Bank IPO opens on Mar 17, 2021, and closes on Mar 19, 2021

When Suryoday Small Finance Bank IPO will open for QIB, NII, and Retail?

The IPO is to open on 17 March 2021 for QIB, NII, and Retail Investors.

How to Apply the Suryoday Small Finance Bank IPO?

You can apply Suryoday Small Finance Bank IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Suryoday Small Finance Bank IPO through Zerodha?

Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Suryoday Small Finance Bank”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

What is Suryoday Small Finance Bank IPO Size?

Suryoday Bank IPO size is ₹582.34 crores.

What is Suryoday Small Finance Bank IPO Price Band?

Suryoday Bank IPO Price Band is ₹303 – ₹305.

What is Suryoday Small Finance Bank IPO Minimum and Maximum Lot Size?

The minimum bid is 49 Shares with ₹14945 amount while maximum bid is 637 shares with ₹194285.

How to subscribe Suryoday Small Finance Bank?

You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

When Suryoday Small Finance Bank IPO Subscription will start?

The IPO subscription starts on 17 March 2021 for QIB, NII, and Retail Investors.

How to check Suryoday Small Finance Bank allotment status?

The Suryoday Small Finance Bank IPO allotment status is expected on or around Jan 28, 2021. Visit Suryoday Small Finance Bank IPO allotment status to check.;

What is Suryoday Small Finance Bank IPO Allotment Date?

Suryoday Bank IPO allotment date is 24 March 2021.

What is Suryoday Small Finance Bank IPO Listing Date?

The Suryoday Small Finance Bank IPO listing date is not yet announced. The tentative date of Suryoday Small Finance Bank IPO listing is Mar 30, 2021.

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