
Financial 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
-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
Designated Registrar: Kfin Technologies Limited
Allotment Date
24 Mar 2021
Basis finalization
Refunds Initiate
25 Mar 2021
Mandate release
Demat Credit
26 Mar 2021
Shares in demat
Listing Debut
26 Mar 2021
Trading begins
Suryoday Small Finance Bank Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹582 Crores. The shares are offered at a price band of ₹305 to ₹305 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 49 shares (approx. ₹14,945 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-03-26, while un-allotted funds or UPI block mandates will be released on 2021-03-25.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.