LKP Securities offers ‘subscribe’ rating to Suryoday SFB IPO
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Last Updated: Mar 15, 2021, 12:14 PM IST
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Synopsis
Up to 50 per cent of the total shares on offer will be reserved for QIBs and 15 per cent will be reserved for high net worth investors. Rest will be offered to retail investors.
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Suryoday SFB plans to raise Rs 581 crore from the primary market. The issue comprises a fresh issue of up to 8,150,000 shares and an offer for sale of up to 10,943,070 shares.
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NEW DELHI: The initial public offering (IPO) of Suryoday Small Finance Bank will open on Wednesday, March 17, along side Nazara Technologies. The issue will close on March 19, Friday.