IPO Details-SURYODAY SMALL FINANCE BANK LIMITED

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.

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

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Promoters of SURYODAY SMALL FINANCE BANK LIMITED IPO

BASKAR BABU RAMACHANDRAN,

P. SURENDRA PAI,

P. S. JAGDISH AND

G. V. ALANKARA

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SURYODAY SMALL FINANCE BANK LIMITED IPO Details

IPO Details

Issue Open Date	17 Mar 2021
Issue Close Date	19 Mar 2021
Issue Type	Book Built Issue IPO
Face Value	₹10.00 per equity share
IPO Price Band	₹ 303.00 to ₹ 305.00 per equity share
Market Lot	49 Shares
Min Order Quantity	49 Shares
Listing At	BSE, NSE
Issue Size	19,093,070 Equity Shares of ₹ 10 [totaling up to ₹ 582.34 Crore]
Fresh Issue	8,150,000 Equity Shares of ₹10 [totaling up to ₹ 248.58 Crore]
Offer for Sale	10,943,070 Equity Shares of ₹ 10 [totaling up to ₹ 333.76 Crore]
Employee Discount	A discount of Rs. 30/- per Equity Share shall be offered to Eligible Employees in the Employee Reservation Portion
Symbol	SURYODAY

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Lot Size

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	49	₹ 14,945
Maximum	13	637	₹ 194,285

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IPO/ Issue Time Line

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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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