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IPO News: Suryoday Small Finance Bank initial public offer (IPO) Opens Today


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 di ....

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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
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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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