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Suryoday Small Finance Bank has a presence in 12 states and union territories across the country Suryoday Small Finance Bank s Rs 582.33-crore initial public offering (IPO) opens for bidding today i.e. March 17. The company has fixed a price band at Rs 303-305 per share and plans to raise Rs 582.34 crore at the higher end of the price band. The offer will close on March 19. The shares are likely to be listed on BSE and NSE on March 30. Suryoday Small Finance Bank s 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. Investors can place bids for a minimum of 49 equity shares and in multiples thereafter, translating into a minimum investment of Rs 14,945. A total of up to 50 per cent of the issue will be reserved for qualified institutional investors, 35 per cent for retail investors and 15 per cent for non-institutional investors. Five lakh equity shares will be offered to eligible employees, at a discount of

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