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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

Suryoday Small Finance Bank Limited is among the leading small finance banks (SFBs) in India in terms of net interest ma
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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