Suryoday Small Finance Bank IPO

Suryoday Small Finance Bank Limited

₹14,847 /49 sharesMinimum Investment

Suryoday Small Finance Bank IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
17 Mar ‘21 - 19 Mar ‘21₹14,84749₹303 - ₹305
Issue SizeIPO Doc
1.35CrRHP PDF
Subscription Status As on 19 Mar '21, 5:00 PMRetail Individual Investor
3.09x
Non-Institutional Investor
1.31x
Qualified Institutional Buyers
2.18x
Employees
0.34x
About Suryoday Small Finance BankSuryoday 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. ;
Parent Organisation
Suryoday Small Finance Bank Limited
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
No Graph Data To Display
Application detailsApply asPrice bandApply upto
For Suryoday SFB IPO, eligible investors can apply as 

Bidding Dates	Min. Investment	Lot Size	Price Range
17 Mar ‘21 - 19 Mar ‘21	₹14,847	49	₹303 - ₹305

Issue Size	IPO Doc
1.35Cr	RHP PDF

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