Suryoday Small Finance Bank IPO

Suryoday Small Finance Bank Limited

₹14,847 /49 sharesMinimum Investment

Suryoday Small Finance Bank IPO Details

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

Subscription Status As on 19 Mar '21, 5:00 PM

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

About Suryoday Small Finance Bank

Founded
2008
Managing Director
Baskar Babu Ramachandran

Strengths & Risks

  • SSFB Limited has a diversified portfolio of assets with a strong focus on retail operations.
  • SSFB has the fastest-growing granular deposit franchise compared to its peers.
  • It has had digital channels like internet banking and mobile banking since the commencement of its SFB operations.
  • Suryoday Bank has strong credit processes and a robust risk management framework.
  • SSFB’s distribution and service channels comprise its banking outlets, ATMs, phone banking, mobile banking, tablet banking, and internet banking services.
  • As of March 31, 2020, it operated 477 Banking Outlets including 133 URCs across 12 states and union territories.
  • 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.
  • 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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