Suryoday Small Finance Bank IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 17 Mar 2021 - 19 Mar 2021
Issue Size ₹582.34 Cr
Issue Price ₹303-305
Market Lot 49 Shares
Shares on Offer 19,093,070
Registrar KFintech
GMP ₹25-30
Kostak N/A
Subject to Sauda N/A
Listing Date 30 Mar 2021
Listing Price N/A
Listing Gain% N/A

About Suryoday Small Finance Bank Ltd

Suryoday - ‘Sunrise’ in Sanskrit, signifies a new dawn, a new beginning and this encompasses their strong commitment to financial inclusion. In the past, as Suryoday Micro Finance and now as Suryoday Small Finance Bank.

Their journey from Micro Finance to a Small Finance Bank took just eight years. Today over a million ‘smiling customers’ stand testimony to their belief that ‘no matter what, dreams, when enabled will transform mankind and create a whole new world around’.

They are among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ licence from the Reserve Bank of India (RBI).

Company Promoters

Baskar Babu Ramachandran, P. Surendra Pai, P. S. Jagdish and G. V. Alankara are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 53,645.22 37,612.03 21,559.64
Total Revenue (In ₹ Millions) 8,541.38 5,970.29 3,249.26
Profit After Tax (PAT) (In ₹ Millions) 1,111.98 903.98 114.92

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
20 Mar 2021 ₹25-30 N/A N/A
19 Mar 2021 ₹27-30 N/A N/A
17 Mar 2021 ₹28-31 N/A N/A

Strengths & Weaknesses

Strength
Asset, Revenue and Profit is on the rise since 2018.
The profitability is fairly high
It's a finance banking company
Weakness

Suryoday Small Finance Bank Ltd IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 17 Mar 2021 0.00 0.04 0.84 0.42
Day 2 - 18 Mar 2021 0.00 0.20 2.00 1.01
Day 3 - 19 Mar 2021 2.18 1.31 3.09 2.37

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Suryoday Small Finance Bank Ltd IPO FAQs

  1. When will Suryoday Small Finance Bank Ltd IPO open?

    Suryoday Small Finance Bank Ltd IPO will open on 17 Mar 2021 and close on 19 Mar 2021.

  2. What is the listing date of Suryoday Small Finance Bank Ltd IPO?

    Suryoday Small Finance Bank Ltd IPO will list on 30 Mar 2021.

  3. What is the offer price of Suryoday Small Finance Bank Ltd IPO?

    The offer price of Suryoday Small Finance Bank Ltd IPO is ₹303-305.

  4. What is the lot size of Suryoday Small Finance Bank Ltd IPO?

    The lot size of Suryoday Small Finance Bank Ltd IPO is 49.

  5. What is the Grey Market Premium (GMP) price of Suryoday Small Finance Bank Ltd IPO?

    The Grey Market Premium (GMP) price of Suryoday Small Finance Bank Ltd IPO is ₹25-30.

  6. What is the Kostak price of Suryoday Small Finance Bank Ltd IPO?

    The Kostak price of Suryoday Small Finance Bank Ltd IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Suryoday Small Finance Bank Ltd IPO?

    The Subject to Sauda price for Suryoday Small Finance Bank Ltd IPO is Not Available at the moment.

Suryoday Small Finance Bank Ltd IPO Review/Comments

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