Suryoday Small Finance Bank IPO: For high-risk investors - The Hindu BusinessLine
Keerthi Sanagasetti BL Research Bureau | Updated on March 16, 2021 × The bank is valued at 1.96 times its book value per share as on December 31, 2020 Investors with a high risk appetite and a long-term perspective can consider subscribing to the Suryoday Small Finance Bank IPO. The bank’s high exposure to the micro-finance segment (about 70 per cent of loan book) and its proformagross NPA of 9.8 per cent as of December 2020 is a concern. But comfortable capital adequacy (even before the IPO), improvement in collection efficiency post the Covid lockdown, better cost-to-income, return-on-a...