Sunday, April 11, 2021
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

Suryoday Small Finance Bank IPO launches today; check price band, lot size, allotment date

Jaleel M. by Jaleel M.
March 17, 2021
in Business
0
Suryoday Small Finance Bank IPO launches today; check price band, lot size, allotment date
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter



An investor can bid for a maximum number of 637 shares which will be worth Rs 1,94,285

Related posts

Market Roundup: Nifty, Sensex snap three-day winning streak as banks, finance stocks slide; today’s top gainers and losers

Market Roundup: Nifty, Sensex snap three-day winning streak as banks, finance stocks slide; today’s top gainers and losers

April 9, 2021
Market Roundup: Sensex ends 84 pts higher after choppy day; check the top gainers and losers here

Market Roundup: Sensex ends 84 pts higher after choppy day; check the top gainers and losers here

April 8, 2021

The initial public offering (IPO) of Suryoday Small Finance Bank has been launched today, 17 March. The Suryoday IPO will close for subscription two days later on Friday, 19 March.

The IPO of the bank that was established in 2008 has a price band of Rs 303-305 per share. With a size of 19.09 million shares, the lot size is Rs 582.33-crore.

Based in Mumbai, Suryoday Bank is the only bank from Maharashtra with a Small Finance Bank license from the Reserve Bank of India, according to its website.

The lot size of the Suryoday IPO is 49 shares and one investor can bid for as many as 13 lots. An investor can bid for a maximum number of 637 shares which will be worth Rs 1,94,285.

The allotment date for Suryoday IPO is 24 March and refunds will be initiated on the same day. Shares of the Suryoday IPO will be credited on 25 March and the listing date of shares is 31 March.

The issue has been listed on BSE and National Stock Exchange. Kfin Technologies Private Ltd is the registrar of the issue. As much as 50 percent of the Suryoday IPO is reserved for qualified institutional buyers, 35 percent is reserved for retail investors and 15 percent is for non-institutional investors.

Funds raised from the Suryoday IPO are going to be used for the bank’s tier-1 capital base in order to fulfill the future capital requirements of Suryoday Small Finance Bank.

Reportedly, a pre-IPO placement of 5,208,226 shares was undertaken by the bank which raised Rs 152 crores. These shares were issued at a price of Rs 291.75 per share to Axis Flexi Cap Fund, SBI Life Insurance, Kiran Vyapar and Axis Equity Hybrid Fund.

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply



Source link

Previous Post

Samsung Electronics mobile chief says chip supply poses slight problem in Q2

Next Post

Intel’s 11th Gen desktop processors are official, fewer cores but better speed

Next Post
Intel’s 11th Gen desktop processors are official, fewer cores but better speed

Intel’s 11th Gen desktop processors are official, fewer cores but better speed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Jasprit Bumrah Wants Alternative To Saliva To Shine Ball

Jasprit Bumrah Wants Alternative To Saliva To Shine Ball

10 months ago
Pakistan’s state carrier assuages concerns over ‘dubious’ pilot licences, World News & Top Stories

Pakistan’s state carrier assuages concerns over ‘dubious’ pilot licences, World News & Top Stories

10 months ago
Brian Austin Green Steps Out With Courtney Stodden After Breakup From Megan Fox

Brian Austin Green Steps Out With Courtney Stodden After Breakup From Megan Fox

10 months ago
Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate

Coronavirus Lockdown: Cabinet approves Rs 3 lakh cr emergency credit line for MSME; loans at 9.25% rate

11 months ago

FOLLOW US

  • 85 Followers
  • 29.5k Followers
  • 113k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • KRISTIN LASH & JAKOB GREY Team Up On “Sleeping With The Lights On”

    0 shares
    Share 0 Tweet 0
  • SEVENTEEN REVEALS PROMOTION SCHEDULE FOR ; SEMICOLON

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy