Suryoday Small Finance Bank IPO opens today: Check price band, other details
Suryoday Small Finance Bank IPO: The lender has fixed a price a band of Rs 303-305 a share for the issue, which will close on March 19
BusinessToday.In | March 17, 2021 | Updated 12:11 IST
Suryoday Small Finance Bank IPO opens on March 17
The Rs 582-crore initial public offering (IPO) of Suryoday Small Finance Bank (SSFB) has started today, March 17. The offer comprises a fresh issue of 81.50 lakh equity shares and an offer for sale of 1.09 crore equity shares by existing selling shareholders. The lender has fixed a price a band of Rs 303-305 a share for the issue, which will close on March 19. Ahead of IPO, the company has raised around Rs 170 crore from anchor investors.
Highlights
Offers to raise an estimated Rs 3,764 crore.
Shares of these companies will be listed on BSE and NSE.
New Delhi: The IPO of Suryoday Small Finance Bank will open on Wednesday. The IPO comprises fresh issuance of 81,50,000 equity shares and an offer for sale of up to 1,09,43,070 equity shares by existing shareholders.
The small finance bank has proposed to utilise proceeds from the fresh issue towards augmenting its Tier-1 capital base to meet future capital requirements. Suryoday Small Finance Bank on Tuesday raised a little over Rs 170 crore from anchor investors ahead of an initial share-sale, which will open for public subscription on Wednesday.
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Stove Kraft mobilises over Rs 185 cr from anchor investors ahead of IPO
New Delhi, Jan 23: Stove Kraft Ltd, manufacturer of kitchen appliances, has raised a little over Rs 185 crore from anchor investors ahead of its initial public offer, which will open for subscription on Monday.
A total of 48,22,290 shares have been allotted to 32 anchor investors at Rs 385 apiece, which is the upper end of the price band. At this price, the company raised Rs 185.68 crore, according to a BSE circular issued late evening on Friday.
Among the anchor investors are Goldnan Sachs India, Nippon Life India Trustee, Bajaj Allianz Life Insurance Company, IIFL Special Opportunities Fund, Integrated Core Strategies Asia Pte Ltd and Sundaram Mutual Fund.