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Jana Small Finance Bank files IPO papers, aims to raise Rs 1,100 crore

The initial public offer (IPO) comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders, the draft red herring prospectus (DRHP) filed with Sebi showed. Those selling shares in the offer-for-sale include Bajaj Allianz Life Insurance Company, Hero Enterprise Partner Ventures, ICICI Prudential Life Insurance Company, Enam Securities, North Haven Private Equity Asia Platinum Pte Ltd, QRG Enterprises and Tree Line Asia Master Fund (Singapore) Pte Ltd. According to merchant banking sources, the IPO is expected to fetch Rs 1,100 crore. The small finance bank has proposed to utilize the net proceeds from the fresh issue towards augmenting its Tier 1 capital base to meet future capital requirements. The proceeds will also be used for meeting the expenses in relation to the offer.

Suryoday Small Finance Bank IPO opens today: Check price band, other details

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.

Suryoday Small Finance Bank IPO opens off today: Should you subscribe?

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.

Suryoday SFB ipo: Suryoday Small Finance Bank raises Rs 170 crore from anchor investors

Suryoday SFB ipo: Suryoday Small Finance Bank raises Rs 170 crore from anchor investors
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