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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
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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.

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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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Suryoday Small Finance Bank IPO to open on Mar 17; price band fixed at Rs 303-305/share

New Delhi, Mar 12: Suryoday Small Finance Bank on Friday set a price a band of Rs 303-305 a share for its initial share-sale, which will open for public

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DAILY VOICE | Over 50% Nifty Earnings Growth From FY21-FY23 Looks Achievable Post Budget: Hemant Kanawala Of Kotak Life

DAILY VOICE | Over 50% Nifty earnings growth from FY21-FY23 looks achievable post Budget: Hemant Kanawala of Kotak Life Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, said the Senior EVP & Head at Kotak Life Sunil Shankar Matkar February 07, 2021 / 07:39 AM IST Hemant Kanawala, Senior EVP & Head - Equity at Kotak Mahindra Life Insurance Company feels by discarding fiscal conservatism at a time when the economy needs public capex support, the government has done well to provide wings to growth. Budget has a clear emphasis on Atmanirbhar Bharat policy and revival of domestic growth. Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, he said in an interview to Moneycontrol s Sunil Shankar Matkar.

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