Suryoday Small Finance Bank is launching its IPO. The Rs.585 crore public offer comprises a fresh issue of 81.5 lakh equity shares aggregating up to Rs. 250 crores and an offer for sale of 1.09 crore equity shares aggregating up to Rs. 335 crores.
About the company
Suryoday Small Finance Bank Limited is amongst the leading SFBs in India. SSFB started its operations as a Small Finance Bank in 2017. with operations across 13 states and union territories in India as of December 31, 2020, SSFB operates 554 Banking Outlets including 153 Unbanked Rural Centres, serving customers in the unbanked and underbanked segments in India and promoting financial inclusion.
The SFB offers a variety of products and services such as Commercial Vehicle and Affordable Housing loans, along with loans to MSE (Micro and Small Enterprise) and SME (Small and Medium Enterprise), along with this the SFB also offers other banking services such as Current, Savings and Salary accounts along with Deposit accounts and online banking services.
FYE | Revenue (₹ crores) | PAT (₹ crores) | EPS (₹) |
---|---|---|---|
March 2018 | 324.93 | 11.49 | 1.76 |
March 2019 | 597.03 | 90.4 | 13.35 |
March 2020 | 854.14 | 111.2 | 13.41 |
December 2019 | 626.36 | 126.68 | 15.49 |
December 1, 2020 | 689.27 | 54.87 | 6.19 |
Indicative Timetable
Event | Date |
---|---|
Issue Period | 17th March 2021 - 19th March 2021 |
Price Range | ₹ 303 - 305 |
Minimum Bid Quantity | 49 and in multiples thereof |
Finalisation of Allotment | 24th March 2021 |
Initiation of Refunds | 24th March 2021 |
Credit of Shares | 25th March 2021 |
Listing Date | 30th March 2021 |
How do I apply for the Suryoday Small Finance Bank IPO?
You can apply for the Suryoday SFB IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.