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Suryoday Small Finance Bank IPO opens tomorrow: 10 key things to know

From subscription dates to minimum bid lot and how the company will use the funds, here is everything you need to know

March 16, 2021 / 04:01 PM IST
  • bselive
  • nselive
Todays L/H

Suryoday Small Finance Bank will open its maiden public offer for subscription on March 17. This is the fourth small finance bank to launch an IPO, after AU Small Finance Bank, Ujjivan Small Finance Bank and Equitas Small Finance Bank.

Equity shares will get listed on the BSE and the National Stock Exchange. Axis Capital, ICICI Securities, IIFL Securities and SBI Capital Markets are the book running lead managers to the issue.

Here are 10 key things to know about the issue and the company:

1) IPO Dates

  • International Finance Corporation to sell 43,87,888 equity shares

  • Gaja Capital Fund II will sell 20,21,952 equity shares

  • DWM (International) Mauritius 18,89,845 equity shares

  • HDFC Holdings 7.5 lakh shares

  • IDFC First Bank will sell 15 lakh equity shares

  • Americorp Ventures 1 lakh shares

  • Kotak Mahindra Life Insurance Company 1,86,966 equity shares, and

  • Gaja Capital India AIF Trust 1,06,419 equity shares

The issue includes a reservation of 5 lakh equity shares for employees, who may get those shares at a discount of around 10 percent (Rs 30 per share) to the offer price.