IPO Updates

The Suryoday Small Finance Bank IPO is open for subscription between March 17 and 19. The price band for the issue is Rs 303-305 per share.

  • Qualified institutional buyers (QIB): 0.0 times the reserved portion

  • No-institutional buyers (NII): 0.0 times the reserved portion

  • Retail individual investors: 0.27 times the reserved portion

  • Employees: 0.01 times the reserved portion

  • March 16: Funds Raised From Anchor Investors

  • Suryoday Small Finance Bank IPO raised Rs 170 crores in its anchor investors bidding round on March 16. 13 anchor investors participated. The shares were allocated at Rs 305 per share, which is the upper end of the price band.
    Around 55.77 lakh shares will be allocated to the anchor investors in the anchor book bidding round.

  • A few of the anchor investors who participated are:

  • Goldman Sachs (Singapore)

  • Integrated Core Strategies Asia

  • India Max Investment Fund

  • Aditya Birla Sun Life Insurance

  • ICICI Lombard

  • SBI Life Insurance

  • ICICI Prudential Life Insurance

  • Axis Mutual Fund

  • IDFC Mutua Fund

  • Ashoka India Opportunities Fund.