InvestorQ : Suryoday Small Finance to get listed after SEBI’s green signal for IPO?
Ayushi Kampani made post
IPO

Suryoday Small Finance to get listed after SEBI’s green signal for IPO?

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Manish Mehta answered.
4 months ago
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SEBI has given its nod to Suryoday Small Finance Bank to float its initial public offering (IPO). The small lender's shares are likely to be listed on both, the BSE Sensex and NSE Nifty, joining its listed peers Ujjivan SFB, AU Small Finance Bank, and Equitas SFB. The IPO will comprise of a fresh issue of 1,15,95,000 shares and an offer for sale of up to 84,66,796 shares by the existing shareholders, according to the draft papers filed with SEBI.

International Financial Corporation (IFC), Gaja Capital, HDFC Holdings, IDFC First Bank, Kotak Mahindra Life Insurance Company, DWM (International) Mauritius, and Americorp Ventures will offer shares through the offer for sale route. The bank had filed its IPO preliminary papers in October. Axis Capital, ICICI Securities, SBI Capital Markets, and IIFL Securities are the merchant bankers for the public issue.

Suryoday Small Finance Bank was founded by Baskar Babu Ramachandran. It has a presence in 12 states and union territories across the country.
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