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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 IPO opens March 17; check issue size, price band, bid details

Suryoday Small Finance Bank IPO opens March 17; check issue size, price band, bid details Surbhi Jain © Provided by The Financial Express Investors can make bids for a minimum of 49 equity shares and in multiples thereafter, translating to a minimum investment of Rs 14,945. Image: Reuters Suryoday Small Finance Bank’s Rs 582.33-crore IPO will open for subscription next week, Wednesday, March 17, 2021. The company has fixed a price band at Rs 303-305 per share of face value of Rs 10 each. The issue will close for subscription on March 19, 2021. Suryoday Small Finance Bank initial public offer comprises fresh issue of 81.50 lakh shares, and an offer-for-sale (OFS) of up to 1.09 crore equity shares. So far, no grey market activity was seen in Suryoday Small Finance Bank shares.

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.

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