Suryoday Small Finance Bank IPO Price

sAre you planning to invest in Suryoday Small Finance Bank IPO? If yes! Then, you must be looking for its price as well, Right? So, don’t worry !! Here is everything that you need to know about Suryoday Small Finance Bank IPO Price to plan your investment as per your budget. 

As you know, the IPO Price is an official value determined by the financial services company (investment banks) during the IPO process. It consists of two main prices; Issue price and Listing price.

Before we discuss Suryoday Small Finance Bank IPO Price details, let’s know a little about the company bringing this IPO. 

Suryoday Small Finance Bank Limited is amongst the leading Small Finance Banks (SFBs) based in Mumbai in India. It got incorporated in the year 2008 and received its license from RBI in 2017.

Since then, they have constantly offered a variety of products and services such as commercial vehicles and affordable housing loans across urban and semi-urban locations. Besides, their services are also open for small and medium enterprises. 

Now Suryoday Small Finance Bank is planning to raise around ₹582.34 Cr through Initial Public Offerings (IPO) on 17 March 2021 to cater to its future capital requirements.

If you are making up your mind to invest in Suryoday Small Finance Bank IPO, you must know the minimum and maximum investment with the price details below. 

Suryoday Small Finance Bank IPO Issue Price 

The issue price of an IPO is the expected price set at which any company (funds raiser) sells its shares to the investors for the first time in the share market, whereas the listing price is the price at which stock opens and gets itself listed on the NSE/BSE.

Let’s first started with the Suryoday Small Finance Bank IPO Price!!

The Suryoday Small Finance Bank will open its IPO of 1,90,93,070 Equity shares worth ₹582.34 Cr. 

It comprises a Fresh issue of 81,50,000 Equity shares worth ₹248.58 Cr, and an Offer for sale of up to 1,09,43,070 Equity shares worth ₹333.76 Cr.

If the investors invest in this IPO, it could bring a lot of opportunities for them. 

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Suryoday Small Finance Bank IPO Price Band 

After the Issue price of Suryoday Small Finance Bank IPO, let us know at which price range the shares will be allotted to the investors when they bid for them. 

Suryoday Small Finance Bank will open an IPO with a Price Band is ₹303-₹305 per share. 

Here the upper band is called floor cap and the lower band is called cap price. The difference between these two should not be more than 20%.

Besides, the minimum number of shares available in one lot is 49. Similarly, the maximum number of shares is 637. 

That means the minimum amount at which you can trade a lot of 49 shares is ₹14,847, and bidding for a maximum number of shares, you will need to invest up to ₹1,93,011. 

Here is a table below showing Suryoday Small Finance Bank IPO Price:

 

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Suryoday Small Finance Bank IPO Listing Price 

A listing price is a price at which shares are listed on the stock exchange. It is determined by the investment banks on the basis of demand and supply of shares. 

However, the Suryoday Small Finance Bank IPO Listing price has not been disclosed by the company.

It will come on 30 March 2021. We will update it here later. 

Stay connected with us!!

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Suryoday Small Finance Bank IPO In Grey Market 

In this section, we will get to know about Suryoday Small Finance Bank IPO GMP.

 GMP or Grey Market Premium is an amount that investors are ready to pay over the issue price for buying or selling the IPO shares in the Grey Market. These shares are not officially available for trading on the stock exchange. 

Suryoday Small Finance Bank IPO is seen trading at GMP of ₹30-₹35.

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Should You Subscribe Suryoday Small Finance Bank IPO?

Yes, Suryoday Small Finance Bank IPO is worth subscribing for. But !! Before that let’s analyze the company’s IPO objectives and financial performance first. 

The Suryoday Small Finance Bank IPO aims to raise capital via IPO to meet the Bank’s future capital requirements which can be considered one of its pros.

Besides, if we talk about the financial parameters of this company, it is overall good.

• This company is one of the leading small finance banks in India in terms of net interest margins, return on assets, and deposit growth with 13 years of experience and was also licensed from RBI.  
• The company’s assets and income have increased by 60%, and 62%, respectively, from FY18 to FY20.
• On the other hand, the company’s financial growth has fallen from 31 March to 30 September due to COVID-19. 
• Despite the COVID-19 pandemic, the company’s half-yearly revenue has risen by 12.8% which indicates its stability in revenue generation. 
• Besides, its loans and advances have increased at a compound annual growth rate of 44%, which means they are all good at business operations. 

High-risk investors can invest in this IPO for the medium to long term.

We have brought together these aspects and provided you with our insight but never invest in the share market without doing a comprehensive financial analysis. 

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Know more about the Upcoming IPO 2021 Date