Suryoday Small Finance Bank Limited IPO
Suryoday Small Finance Bank Limited was a mainboard IPO in the Other Bank sector, offered at ₹303–₹305 per share to raise ₹582 crore. The issue was subscribed 2.37× overall (QIBs 2.18×, NIIs 1.31×, retail 3.09×). It listed on 26 Mar 2021 at ₹292 and closed its first day at ₹278, a listing loss of -8.9% versus the ₹305 issue price. It now trades around ₹135 (-55.8% versus the issue price).
Frequently asked questions
- How many times was the Suryoday Small Finance Bank Limited IPO subscribed?
- The Suryoday Small Finance Bank Limited IPO was subscribed 2.37× overall — 2.18× in the QIB category, 1.31× among non-institutional investors, 3.09× in retail.
- What were the Suryoday Small Finance Bank Limited IPO listing gains?
- Suryoday Small Finance Bank Limited listed on 26 Mar 2021 at ₹292, closing its first day at ₹278 — a listing loss of -8.9% versus the ₹305 issue price.
- What were the retail allotment odds for the Suryoday Small Finance Bank Limited IPO?
- Retail was subscribed 3.09×, so a single-lot application had roughly a 32.4% chance of allotment (about 1 in 3), and allotment was finalised on 22 Mar 2021.
- What was the price band and lot size of the Suryoday Small Finance Bank Limited IPO?
- The price band was ₹303–₹305 per share, with a minimum lot of 49 shares (₹14,945 at the upper band).
- Who were the registrar and lead manager for the Suryoday Small Finance Bank Limited IPO?
- Kfin Technologies Private Limited was the registrar, and Axis Capital was the book-running lead manager.