Maharashtra-based Suryoday Small Finance Bank has completed its ₹582.34 crores initial public offering (IPO). The company’s IPO received a decent response from investors and was subscribed 2.37 times the IPO size.
Suryoday Small Finance Bank Ltd (SSFBL) was among the leading 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.
SSFBL’s customer base was 1.44 million and its employee base comprised 4,770 employees and it operated 554 Banking Outlets including 153 Unbanked Rural Centres. It has set up 661 customer service points (“CSPs”) as additional service or touchpoints during April, HDFC Securities said.
Grey Market Premium
Suryoday shares were traded at Rs 330-335 in the grey market, which is a premium of Rs 25-30 or 8-10 percent over the higher issue price band of Rs 305 per share, the IPO Watch data showed.
The small finance bank in consultation with merchant bankers will finalise share allocation around March 24, as per the schedule available in the red herring prospectus.
How to check Allotment Status: Suryoday Small Finance Bank IPO
Registrar’s website
- Access the registrar’s website at https://linkintime.co.in/MIPO/Ipoallotment.html
- Select ‘Suryoday Small Finance Bank-IPO’ in the dropdown menu
- Enter either PAN, Application Number, or DP Client ID
- Click on the ‘Search’ button
BSE website
- Access the BSE website on https://www.bseindia.com/investors/appli_check.aspx
- Select ‘equity’ in issue type and issue name as Suryoday Small Finance Bank in the dropdown menu
- Enter the ‘application number and PAN number
- Click on the ‘Search’ button
