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Suryoday SFB gross advances rise 16% YoY to Rs 4,082 cr

Suryoday SFB gross advances rise 16% YoY to Rs 4,082 cr
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Baskar Babu Ramachandran , Small Finance Bank Sfbs , Suryoday Small Finance Bank , Small Finance Bank , Capital Market , பாஸ்கர் பாபு ராமச்சந்திரன் , சூரியோதாய் சிறிய நிதி வங்கி , சிறிய நிதி வங்கி , மூலதனம் சந்தை ,

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 ....

Creditaccess Grameen , Baskar Babu Ramachandran , Suryoday Small Finance Bank Rs , Small Finance Bank , Au Small Finance Bank , Bandhan Bank , Ujjivan Small Finance Bank , Suryoday Small Finance Bank , Finance Bank , Baskar Babu , Suryoday Small Finance , Suryoday Small Finance Bank Ipo , பாஸ்கர் பாபு ராமச்சந்திரன் , சூரியோதாய் சிறிய நிதி வங்கி ர்ச் , சிறிய நிதி வங்கி , ஆ சிறிய நிதி வங்கி , பந்தன் வங்கி , உஜ்ஜீவன் சிறிய நிதி வங்கி , சூரியோதாய் சிறிய நிதி வங்கி , நிதி வங்கி , பாஸ்கர் பாபு , சூரியோதாய் சிறிய நிதி , சூரியோதாய் சிறிய நிதி வங்கி இப்போ ,

Suryoday SFB IPO opens on Mar 17; bank has grown higher than industry, growth momentum to continue


In an exclusive interview with ET NOW, Baskar Babu Ramachandran, MD & CEO, Suryoday Small Finance Bank said,  The IPO size is about Rs 580 crore and of which Rs 250 crore is towards the primary issuance and the rest is an offer for sale. The funds via offer for sale will not come to the bank. The bank is well capitalized as of now and one of the reason to raise funds via IPO is to comply with the regulatory norm that Small Finance Bank (SFB) has to get listed within 3 years of reaching a Rs 500 crore networth threshold.
Ramachandran added, The bank has grown at a cagr of 47% in the last 3 years which is higher than the industry growth rate and believes that the growth momentum will continue. Focus would remain to serve the underserved segment which is to lend to the aspirational low income households, unsecured low income loans also known as microloans. ....

Baskar Babu Ramachandran , Small Finance Bank , Au Small Finance Bank , Suryoday Small Finance Bank , Babu Ramachandran , Ujjivan Small Finance , Suryoday Sfb Ipo , March 17 , பாஸ்கர் பாபு ராமச்சந்திரன் , சிறிய நிதி வங்கி , ஆ சிறிய நிதி வங்கி , சூரியோதாய் சிறிய நிதி வங்கி , பாபு ராமச்சந்திரன் , உஜ்ஜீவன் சிறிய நிதி , சூரியோதாய் ஸ்ப்ப் இப்போ ,