Suryoday Small Finance Bank IPO Date

Suryoday Small Finance Bank IPO is all set to go on the floors of the share market for subscription. Thus, it is necessary for you to mark the calendar with the Suryoday Small Finance Bank IPO date.

Before we start with the list of dates, we need to know about the company background a bit.

Suryoday Small Finance Bank Limited is headquartered in Mumbai, Maharashtra, and, as the name suggests, is a small finance bank (SFB). It was incorporated in 2008, but the services by the bank commenced recently in 2017.

It is a microfinance company that lends loans to its customers and corporates. The bank is hoping to raise approximately ₹852 Cr from the IPO.

Now, let us get back to stating the Suryoday Small Finance Bank IPO date details.

Suryoday Small Finance Bank IPO Date Details

The journey of an IPO starts with the IPO opening for subscription and concludes with the IPO shares getting listed on the respective stock exchanges.

Some important dates in this journey are – Opening date, closing date, allotment date, and listing date.

Let us have a look at all of them individually.

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Suryoday Small Finance Bank IPO Issue Date

Since the journey commences with the opening of the IPO for subscription, we will look at it first.

This information about the opening and closing dates has been tabulated below:

 

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Suryoday Small Finance Bank IPO Allotment Date

The step in the lifetime of an IPO is that of allotment and the transfer of shares in the demat accounts.

Generally, this happens 3 to 4 days after the IPO closes for the subscription. The details are as follows:

 

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Suryoday Small Finance Bank IPO Listing Date

The last date or the last day of the IPO is when the IPO shares get listed on the stock exchange. 

The Suryoday Small Finance Bank IPO gets listed on 30th March 2021.

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How To Apply For Suryoday Small Finance Bank IPO

The process of applying for an IPO starts with having an active demat account with a stockbroker or depository participant.

Once you have an operational account, you have to choose between the two ways – Online Method and Offline Method. If you choose the online method, you have two options – ASBA and UPI.

Contrarily, the offline method has to be initiated with the applicant going to a bank branch in person and submitting his application to the bank executive.

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Should You Subscribe Suryoday Small Finance Bank IPO?

There are multiple ways to apply for an IPO that is discussed in detail in the blog above. The last component we need to discuss before concluding the article is the objective of this IPO.

According to the Red Herring Prospectus, the bank has proposed that it will utilize its proceeds from the fresh issue of this IPO to augment the bank’s 1st tier capital base and meet the future capital requirements.

Before you make the final call on this IPO, do have a look at the Suryoday Small Finance Bank GMP movement. It plays an important role.

We hope that your query about the Suryoday Small Finance Bank IPO date has been resolved.

Happy trading and good luck!

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Want to invest in this IPO? You need to have a demat account, for that refer to the form below:

 

Know more on Upcoming IPO Price