Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?
Rounak JainMar 17, 2021, 10:24 IST
The Suryoday Small Finance Bank IPO has gone live todaySuryoday Small Finance Bank
Suryoday Small Finance Bank initial public offer (IPO) worth ₹581 crore has gone live today, and it will be open for subscription till March 19.
The price band is fixed at ₹303-305, and each lot consists of 49 equity shares.
Analysts are bullish on the bank, pointing to its strong credit processes, strong financial performance and cost-efficient operations.
The bank has proposed to use the proceeds of the IPO towards boosting its Tier-1 capital base to meet future capital requirements.Suryoday Small Finance Bank (SSFB) has kicked off its initial public offer (IPO) worth ₹581 crore today, March 17. It joins companies like Anupam Rasayan, Craftsman Automation, EaseMyTrip, MTAR Technologies among others that went public this year.