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Suryoday Small Finance Bank IPO: BIG boost for Rs 582 cr public issue! SFB raises Rs 170 13 cr from Anchor Investors

Suryoday Small Finance Bank IPO: BIG boost for Rs 582 cr public issue! SFB raises Rs 170.13 cr from Anchor Investors zeebizindia@gmail.com (Zee Business) © Provided by Zee Business Suryoday Small Finance Bank IPO (Initial Public Offer) has opened for subscription today and one can bid for the upcoming IPO till 19th March 2021. However, before the opening of Rs 582 crore worth IPO, the Small Finance Bank (SFB) has managed to raise Rs 170.13 crore from the anchor investors at an upper price band of Rs 305. Suryoday Small Finance Bank IPO price band has been fixed at Rs 3030 to Rs 305. The SFB informed about the money raised from Anchor Investors in a written press statement.

Suryoday Small Finance Bank to launch IPO on March 17, price band fixed at Rs 303-305

Suryoday Small Finance Bank to launch IPO on March 17, price band fixed at Rs 303-305 Sunil Matkar © Kshitij Anand Suryoday Small Finance Bank to launch IPO on March 17, price band fixed at Rs 303-305 Suryoday Small Finance Bank will open its initial public offering of 1,90,93,070 equity shares on March 17 with a price band of Rs 303-305 per share. The issue will close on March 19. The anchor book subscription (if any) will open for a day on March 16. The offer consists of fresh issue of 81.50 lakh equity shares and an offer for sale of 1,09,43,070 equity shares by existing shareholders. As part of the offer for sale, International Finance Corporation will sell 43,87,888 equity shares, Gaja Capital Fund II will offload 20,21,952 shares, DWM (International) Mauritius will sell 18,89,845 shares, and HDFC Holdings will offload 7.5 lakh shares.

Suryoday Small Finance Bank Receives SEBI Nod To Launch IPO

Suryoday Small Finance Bank Receives SEBI Nod To Launch IPO Suryoday Small Finance Bank Receives SEBI Nod To Launch IPO The IPO will comprise of a fresh issue of 1,15,95,000 shares and an offer for sale of up to 84,66,796 shares by the existing shareholders, according to draft papers filed with SEBI Updated: December 29, 2020 1:30 pm IST he small lender s shares are likely to be listed on both, the BSE Sensex and NSE Nifty Suryoday Small Finance Bank has received the go-ahead from the markets regulator Securities and Exchanges Board of India (SEBI) to float its initial public offering (IPO). The small lender s shares are likely to be listed on both, the BSE Sensex and NSE Nifty, joining its listed peers Ujjivan SFB, AU Small Finance Bank and Equitas SFB.

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