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Suryoday Small Finance Bank

Suryoday Small Finance Bank Limited

₹14,847 /49 sharesMinimum Investment

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
17 Mar - 19 Mar ‘21₹14,84749₹303 - ₹305
Issue SizeIPO Doc
1.35 Cr
RHP PDFopen_in_new

Subscription Rate As on 19th Mar 2021, 5:00 PM

  • Retail Individual Investor
    3.09x
  • Non-Institutional Investor
    1.31x
  • Qualified Institutional Buyers
    2.18x
  • Employees
    0.34x

About Company

Suryoday Small Finance Bank Limited is among the leading small finance banks (SFBs) in India in terms of net interest margins, return on assets, yields, and deposit growth, and had the lowest cost-to-income ratio among SFBs in India in Fiscal 2020. Currently, the bank offers a variety of asset and liability products and services designed for inclusive finance and general banking customers. Since commencing its operations Suryoday Bank has focused on growing a stable, sustainable, and well-penetrated CASA (Current Account Savings Account) base. 
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Founded
2008
Managing Director
Baskar Babu Ramachandran

Strengths & Risks

  • add
    SSFB Limited has a diversified portfolio of assets with a strong focus on retail operations.
  • add
    SSFB has the fastest-growing granular deposit franchise compared to its peers.
  • add
    It has had digital channels like internet banking and mobile banking since the commencement of its SFB operations.
  • add
    Suryoday Bank has strong credit processes and a robust risk management framework.
  • add
    SSFB’s distribution and service channels comprise its banking outlets, ATMs, phone banking, mobile banking, tablet banking, and internet banking services.
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    As of March 31, 2020, it operated 477 Banking Outlets including 133 URCs across 12 states and union territories.
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    While the product portfolio of SSFB is diversified, its customers are concentrated across a few states in India. Hence, the risk of concentration can impact its operations.
  • remove
    The top 20 clients of the bank contribute to around 38-39% of the bank’s total deposits. If one or more of these depositors pulls back, the bank’s operations could suffer.

Financials

*All values are in Rs. Cr
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