Suryoday Small Finance Bank Limited
ListedMainboardFinancial Services · NSE / BSE
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.
Price Band
₹305
Issue Size
₹582 Cr
Lot Size
49 shares
GMP
₹10
-3.3%
Est. Listing
₹295
at current GMP
Subscribed
—
Open
17 Mar 2021
Close
19 Mar 2021
Allotment
24 Mar 2021
Refund
25 Mar 2021
Demat Credit
26 Mar 2021
Listing
26 Mar 2021
Last updated 12 days ago
Key Highlights
- •Leading player in the Financial Services segment
- •Price band established at ₹305 - ₹305 per equity share
- •Minimum bid lot is 49 shares
- •Estimated listing target of ₹295 based on current grey market activity