Suryoday Small Finance Bank 2021 | Suryoday IPO GMP...


Suryoday Small Finance Bank IPO is open for subscription from 17th to 19th March 2021. Suryoday Small Finance Bank incorporated in 2008, is one of the leading small finance banks in India as per the return on assets, yields, net interest margins, and deposit growth. As per the CRISIL report, it had the lowest cost-to-income ratio in FY 2020. As of 31st July 2020, Suryoday Small Finance Bank has expanded its operations across 12 states & UTs since its inception. The bank has a customer base of 14.3 lakhs and an employee base of 3,949 employees. It is operating 482 banking outlets which include 137 Unbanked Rural Centres. Their diversified distribution network comprises their phone banking, ATMs, tablet banking, Unified Payment Interface(UPI), mobile banking, and internet banking services. The IPO size is approx 1.90 crores equity shares at a price band of Rs.303 to Rs.305 per equity share. The total issue size is Rs.582 crores. The minimum shares which should be applied for are 49 and the maximum is 637. The shares will be listed on 30th March 2021. The grey market premium (GMP) for Suryoday Small Finance Bank is Rs. 30-40/share as of 15th March 2021. To check the application status of Suryoday Small Finance Bank IPO, one may log on to the registrar’s website or BSE. 

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