Suryoday IPO: Risky bet, aggressively priced: Should you subscribe to Suryoday SFB IPO?
NEW DELHI: The initial public offering (IPO) of Suryoday Small Finance Bank opened for bidding on Wednesday alongside the issue of Nazara Technologies. Analysts seem to have mixed views on the issue, with some pointing to the significant risks that it carries. The company seeks to raise Rs 581 crore. The primary purpose of the IPO is to meet RBI’s listing requirement within three years of starting banking operations. Unfortunately, it’s being forced to launch its issue amid a pandemic that has left it with more than a few chinks in the armour. Rajiv Mehta, Lead Analyst for Institutional E...
Source: indiatimes.com