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SURYODAYEQ / NSE, BSEListed

Suryoday Small Finance Bank Limited

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.

₹305 - ₹305Open
Listed Price292.00
Listing Gain-4.26%
TimelineBookbuilding IPO
Open17 Mar 2021
Close19 Mar 2021
Allotment24 Mar 2021
Listing26 Mar 2021

Quota Reservation Portions

QIBPortion: 48.69 shares
9296534%
HNIPortion: 27,88,961 shares
14.61%
RetailPortion: 65,07,575 shares
34.08%
EmployeePortion: 5,00,000 shares
2.62%

Minimum Application Bracket Matrix

Retail1 lots / 49 shares
₹14,945
HNI14 lots / 686 shares
₹2,09,230
bHNI67 lots / 3,283 shares
₹10,01,315

About the Company

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.

Company Promoters

Baskar Babu RamachandranP. Surendra PaiP. S. JagdishG. V. Alankara
Suryoday Small Finance Bank Limited IPO Details | GMP, Allotment & Financials | IPO Trending