Bookbuilding IPO | ₹582 Cr | Listed at BSE, NSE | Wed, Mar 17, 2021 - Fri, Mar 19, 2021
Suryoday Small Finance Bank IPO is a book build issue of ₹581.98 crores. The issue is a combination of fresh issue of 0.82 crore shares aggregating to ₹248.42 crores and offer for sale of 1.09 crore shares aggregating to ₹333.56 crores.
Suryoday Small Finance Bank IPO bidding started from Mar 17, 2021 and ended on Mar 19, 2021. The allotment for Suryoday Small Finance Bank IPO was finalized on Mar 24, 2021. The shares got listed on NSE and BSE on Mar 26, 2021.
Suryoday Small Finance Bank IPO is set final issue price at ₹305 per share. The lot size for an application is 49 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,945 (49 shares) (based on upper price). The lot size investment for sNII is 14 lots (686 shares), amounting to ₹2,09,230, and for bNII, it is 67 lots (3,283 shares), amounting to ₹10,01,315.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹30.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Suryoday Small Finance Bank IPO RHP for detailed Information.
IPO Open
Wed, Mar 17, 2021
IPO Close
Fri, Mar 19, 2021
Issue Price
₹305 per share
Market Cap (Pre-IPO)
₹3,236.99 Cr
| IPO Date | 17 to 19 Mar, 2021 |
| Listed on | Fri, Mar 26, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹303 to ₹305 |
| Issue Price | ₹305 per share |
| Lot Size | 49 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹30.00 |
| Total Issue Size | 1,90,93,070 shares (agg. up to ₹582 Cr) |
| Fresh Issue | 81,50,000 shares (agg. up to ₹248 Cr) |
| Offer for Sale | 1,09,43,070 shares of ₹10 (agg. up to ₹334 Cr) |
| Share Holding Pre Issue | 9,79,80,826 shares |
| Share Holding Post Issue | 10,61,30,826 shares |
| BSE Script Code / NSE Symbol | 543279 / SURYODAY |
| ISIN | INE428Q01011 |
Suryoday Small Finance Bank IPO comprises a total issue size of 1,90,93,070 shares. The net offer to the public is 1,85,93,070 shares, after excluding 5,00,000 shares under a preferential allotment. Of the Net offer 92,96,534 (50.00%) are allocated to QIB, 27,88,961 (15.00%) allocated to NII 65,07,575 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 92,96,534 | 50.00% | 48.69% | NA |
| − Anchor Investor Shares Offered | 55,77,920 | 29.21% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 37,18,614 | 19.48% | NA | |
| NII (HNI) Shares Offered | 27,88,961 | 15.00% | 14.61% | NA |
| Retail Shares Offered | 65,07,575 | 35.00% | 34.08% | 1,32,807 |
| Preferential Reservations | ||||
| Employee Shares Offered | 5,00,000 | 2.62% | NA | |
| Total Shares Offered | 1,90,93,070 | 100.00% | 100.00% | |
Investors can bid for a minimum of 49 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,945 |
| Retail (Max) | 13 | 637 | ₹1,94,285 |
| S-HNI (Min) | 14 | 686 | ₹2,09,230 |
| S-HNI (Max) | 66 | 3,234 | ₹9,86,370 |
| B-HNI (Min) | 67 | 3,283 | ₹10,01,315 |
Suryoday Small Finance Bank IPO raises ₹170.13 crore from anchor investors. Suryoday Small Finance Bank IPO Anchor bid date is March 16, 2021.
| Bid Date | Tue, Mar 16, 2021 |
| Shares Offered | 55,77,920 |
| Anchor Portion (₹ Cr.) | 170.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 23, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 22, 2021 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.
As of July 31, 2020, the company had 482 Banking Outlets and had a customer base of 14.3 lakh. The company operates predominantly in urban and semi-urban locations.
As a bank, Company
| Period Ended | 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 6,350.41 | 5,364.52 | 3,761.20 | 2,155.96 |
| Total Income | 689.27 | 854.14 | 597.03 | 324.93 |
| Profit After Tax | 54.87 | 111.20 | 90.40 | 11.49 |
| EBITDA | 79.91 | 164.16 | 148.32 | 22.50 |
| NET Worth | 1,190.96 | 1,066.23 | 880.37 | 538.49 |
| Reserves and Surplus | 1,101.78 | 979.64 | 798.78 | 470.99 |
| Total Borrowing | 1,487.08 | 1,264.62 | 1,124.23 | 717.83 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Equitas Small Finance Bank Ltd. | Mainboard | ₹517.60 Cr | ₹33 | null | ₹32.80 | -0.61% | ₹77.45 (+0.19%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting our Bank’s Tier –1 capital base to meet our Bank’s futurecapital requirements |
The Suryoday Small Finance Bank IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.70 | 1,90,93,070 | 3,24,37,319 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 13.07 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBsusing UPI | 1.06 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.04 |
| 4 | Fees payable to the Registrar to the Issue | 0.06 |
| 5 | Fees payable to the other advisors to the Issue | 0.35 |
| 6 | Fee payable to regulators including BSE and NSE listing fees, SEBI filing fees, upload fees, BSE andNSEprocessing fees, book building software fees and other regulatory expenses | 1.56 |
| 7 | Printing and stationery | 1.16 |
| 8 | Advertising and marketing expenses | 6.48 |
| 9 | Fee payable to legal counsels | 2.95 |
| 10 | Miscellaneous | 2.58 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹305.00 | ₹305.00 |
| Open | ₹293.00 | ₹292.00 |
| Low | ₹262.05 | ₹255.00 |
| High | ₹295.95 | ₹296.35 |
| Last Trade | ₹276.20 | ₹277.80 |
Suryoday Small Finance Bank IPO is a main-board IPO of 1,90,93,070 equity shares of the face value of ₹10 aggregating up to ₹582 Crores. The issue is priced at ₹305 per share. The minimum order quantity is 49.
The IPO opens on Wed, Mar 17, 2021, and closes on Fri, Mar 19, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Suryoday Small Finance Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Suryoday Small Finance Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suryoday Small Finance Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suryoday Small Finance Bank IPO opens on Wed, Mar 17, 2021 and closes on Fri, Mar 19, 2021.
Suryoday Small Finance Bank IPO lot size is 49, and the minimum amount required for application is ₹14,945.
You can apply in Suryoday Small Finance Bank IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Suryoday Small Finance Bank IPO will be done on Wednesday, March 24, 2021, and the allotted shares will be credited to your demat account by Thu, Mar 25, 2021. Check the Suryoday Small Finance Bank IPO allotment status.
The Suryoday Small Finance Bank IPO listing date is on Fri, Mar 26, 2021.
