• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Suryoday Small Finance Bank Ltd
Registered Office:
1101 Sharda Terrace Plot 65,Sector 11 CBD Belapur,
Navi Mumbai - 400614,
Maharashtra, India.
Initial public offer of 19,093,070 equity shares of face value of (Rs) 10 each ("equity shares") of Suryoday Small Finance Bank Limited ("Bank" or "issuer") for cash at a price of (Rs) 305 per equity share (including a share premium of (Rs) 295 per equity share) aggregating to (Rs) 580.84 Crores (the "issue") comprising a fresh issue of 8,150,000** equity shares aggregating to (Rs) 247.94 Crores (the "fresh issue") and an offer for sale of 10,943,070 equity shares aggregating to (Rs) 332.90 Crores ("the offer for sale"), comprising 4,387,888 equity shares aggregating to (Rs) 133.49 Crores by International Finance Corporation, 2,021,952 equity shares aggregating to (Rs) 61.51 Crores by Gaja Capital Fund II Limited, 1,889,845 equity shares aggregating to (Rs) 57.49 Crores by DWM (International) Mauritius Ltd, 750,000 equity shares aggregating to (Rs) 22.82 Crores by HDFC Holdings Limited, 1,500,000 equity shares aggregating to (Rs) 45.63 Crores by IDFC First Bank Limited, 100,000 equity shares aggregating to (Rs) 3.04 Crores by Americorp Ventures Limited, 186,966 equity shares aggregating to (Rs) 5.69 Crores by Kotak Mahindra Life Insurance Company Limited and 106,419 equity shares aggregating to (Rs) 3.24 Crores by Gaja Capital India AIF Trust (Represented by its trustee, Gaja Trustee Company Private Limited) (collectively, referred to as the "selling shareholders" and such equity shares the "offered shares"). The issue included a reservation of 500,000 equity shares, aggregating to (Rs) 13.75 Crores (constituting 0.47% of the post-issue paid-up equity share capital), for subscription by Eligible Employees (The "Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as "net issue". The issue and net issue constitute 17.99% and 17.52%, respectively, of the post-issue paid-up equity share capital of the bank. The bank and the selling shareholders in consultation with the book running lead managers, have offered a discount of (Rs) 30 per equity share on the issue price to eligible employees bidding in the employee reservation portion ("Employee Discount"). Issue Price : (Rs) 305 per Equity Share of face value of (Rs) 10 each. Anchor Investor Issue Price : (Rs) 305 per Equity Share. The Issue Price is 30.50 times the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
17-Mar-21
19-Mar-21
305.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 49     Further Multiples of : 49
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
247.94
Axis Capital Ltd
Project Financed
580.84
 
Post Issue
106.13
 
Issue Price
305.00
 
Projects
To augment the Bank's Tier-1 capital base to meet the Bank's future capital requirements
Promoted By
Baskar Babu Ramachandran
P Surendra Pai
P S Jagdish
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Pvt Ltd
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries