IPO Details-SURYODAY SMALL FINANCE BANK LIMITED

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IPO [INITIAL PUBLIC OFFERING] Details- SURYODAY SMALL FINANCE BANK LIMITED

About the SURYODAY SMALL FINANCE BANK LIMITED

Suryoday Small Finance Bank Limited (the “Bank”) was originally incorporated as Suryoday Micro Finance Private Limited at Chennai, Tamil Nadu, as a private limited company under the Companies Act, 1956 pursuant to the certificate of incorporation dated November 10, 2008 issued by the Assistant Registrar of Companies, Tamil Nadu, Andaman and Nicobar Islands at Chennai. Subsequently, the Bank was converted into a public limited company and the name of the Bank was changed to Suryoday Micro Finance Limited, and a fresh certificate of incorporation dated June 16, 2015 was issued by the RoC.

IPO [INITIAL PUBLIC OFFERING] Details- SURYODAY SMALL FINANCE BANK LIMITED, IPO

The Bank was granted the in principle and final approval to establish a small finance bank (“SFB”) by the RBI, pursuant to its letters dated October 7, 2015 and August 26, 2016, respectively. Pursuant to the Bank being established as an SFB, the name of the Bank was changed to Suryoday Small Finance Bank Limited and a fresh certificate of incorporation was issued by the RoC on January 13, 2017. The Bank commenced its business with effect from January 23, 2017 and was included in the second schedule to the RBI Act pursuant to a notification dated July 24, 2017 issued by the RBI and published in the Gazette of India on September 2, 2017.

For further details, see “History and Certain Corporate Matters” beginning on page 182 of the Red Herring Prospectus dated March 9, 2021 (“RHP”) filed with the RoC and thereafter with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited ( “NSE”, and together with BSE, the “Stock Exchanges”).

Registered and Corporate Office: Unit No. 1101, Sharda Terraces, Plot No. 65, Sector 11, CBD Belapur, Navi Mumbai – 400 614, Maharashtra, India; Tel: +91 22 4043 5800; Website: http://www.suryodaybank.com; Contact Person: Geeta Krishnan, Company Secretary and Compliance Officer; E-mail: company.secretary@suryodaybank.com; Corporate Identity Number: U65923MH2008PLC261472

Source: Price-Band Advertisement


Promoters of SURYODAY SMALL FINANCE BANK LIMITED IPO

Advertisements

BASKAR BABU RAMACHANDRAN,

P. SURENDRA PAI,

P. S. JAGDISH AND

G. V. ALANKARA


SURYODAY SMALL FINANCE BANK LIMITED IPO Details

IPO Details

Issue Open Date17 Mar 2021
Issue Close Date19 Mar 2021
Issue TypeBook Built Issue IPO
Face Value₹10.00 per equity share
IPO Price Band₹ 303.00 to ₹ 305.00 per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE
Issue Size19,093,070 Equity Shares of ₹ 10
[totaling up to ₹ 582.34 Crore]
Fresh Issue8,150,000 Equity Shares of ₹10
[totaling up to ₹ 248.58 Crore]
Offer for Sale10,943,070 Equity Shares of ₹ 10
[totaling up to ₹ 333.76 Crore]
Employee DiscountA discount of Rs. 30/- per Equity Share shall be offered to Eligible Employees in the Employee Reservation Portion
SymbolSURYODAY

Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum149₹ 14,945
Maximum13637₹ 194,285

IPO/ Issue Time Line

17 Mar 2021

Issue Open Date

Issue Close Date

19 Mar 2021
24 Mar 2021

Basis of Allotment Date

Initiation of Refunds

24 Mar 2021
25 Mar 2021

Credit of Shares to Demat Account

IPO Listing Date

30 Mar 2021

Objects of the Issue/Offer

Suryoday Small Finance Bank Limited proposes to utilize the net proceeds from the fresh issue for:

  1. Augmenting its Bank’s Tier – 1 capital base; and
  2. to meet the Bank’s future capital requirements.


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