2008-2009
1. Suryoday Small Finance Bank Limited was incorporated under the Companies Act.
2. Received RBI license for NBFC Operations
3. Partnered with Aavishkaar Goodwell for Private Equity Funding
4. Opened 10 branches across Pune and Solapur in Maharashtra and Chittoor in Andhra Pradesh.
2009-2014
1. Expanded operations across Maharashtra, Andhra Pradesh, Odisha, Tamil Nadu, Karnataka, Gujarat and Rajasthan bringing the network to 70 branches with 274,000 active customers.
2. Received Equity Infusion from Lok Capital, HDFC Holdings, HDFC Life and IFC in addition to Aavishkar Goodwell.
3. Received RBI approval for NBFC-MFI Status.
2014-15
1. The network expanded to include Madhya Pradesh bringing the total number of branches to 145 with 562,000 active customers.
2. Issued debt securities and obtained listing permission from the BSE Ltd. in the Wholesale Debt segment.
2017-18
1. Received ‘Scheduled Commercial Bank’ Status
2. Became Member of CGTMSE – Credit Guarantee Fund Trust for Micro & Small Enterprises.
Total Available Shares: | 400 |
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE428Q01011 |
Lot Size: | 150-300 Shares |
Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
Particulars (In Crores) | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 |
Advances | 582 | 983 | 834 | 1596 | 2711 | 3531 |
Gross NPA | 0.13% | 0.18% | 6.15% | 3.15% | 1.81% | 2.79% |
Revenue | 180 | 225 | 255 | 325 | 599.25 | 854 |
PAT | 19.9 | 27.14 | 15.1 | 10.1 | 86.6 | 110 |
Shares | 3.69 | 3.83 | 6.40 | 6.74 | 8.15 | 8.65 |
EPS | 5.38 | 7.52 | 3.01 | 1.50 | 12.79 | 13.78 |
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Market Wizard
Suryoday Small Finance Bank is looking for an IPO Plan
https://unlistedzone.com/suryoday-small-finance-bank-is-evaluating-for-an-ipo/
Market Wizard
FY19-20 Results analysis: https://unlistedzone.com/suryoday-small-finance-fy20-results-update-and-analysis-30-05-2020/
Market Wizard
Comparison of Suryoday Small Finance Bank with listed Small Finance Bank- 20.04.2020
https://unlistedzone.com/comparison-of-unlisted-and-listed-small-finance-bank-11-04-2020/
Anil
What is the current price?
Market Wizard
To comply with RBI regulation to maintain 26% of promoters shareholding, the Suryoday SFB is issuing 50 lakhs shares at Rs.180 each to its promoters. More detail in the below article.
https://unlistedzone.com/suryoday-small-finance-bank-is-issuing-shares-18-02-2020/
Market Wizard
Listing Requirement of Small Finance Bank
1. The small finance bank having a Net worth of ₹500 crore, the listing will be mandatory within three years of reaching that net worth.
2. The small finance banks having a Net worth of below ₹500 crore could also get their shares listed voluntarily.
As on 31.03.2017, the bank has Net-Worth of >500 Cr. This means the bank has to list its shares by next year.
Market Wizard
Excellent 6MFY20 Results Shown by Suryoday Small Finance Bank.
https://d2un9pqbzgw43g.cloudfront.net/main/Suryoda-Small-Fin-Bank-6MFY20-Results-Update.pdf
As per the 6MFY20 performance, the book value stands at 117 as on 30.09.2019.
VAIBHAV SUDHIR NAIK
I want to purchased
Market Wizard
Flash News:
1. The Bank is planning to raise the NRI limit to 24% of the paid-up capital.
2. This means the bank is looking to raise funds.
3. It would be interesting to see at what valuation the funds will be raised.
The details of the same can be accessed at: https://dyvmwwyqozzzb.cloudfront.net/main/SMFL_NOTICE_OF_EGM.pdf
Market Wizard
Listing Requirement of Small Finance Bank:
1. The small finance bank having a Net worth of ₹500 crores, the listing will be mandatory within three years of reaching that net worth.
2. The small finance banks having a Net worth of below ₹500 crores could also get their shares listed voluntarily.
Market Wizard
IPO NEWS:
(i) Suryoday Small Finance plans up to Rs 1,000-cr IPO by mid-2020.
(ii) The company would raise about Rs 400 crore through an offer-for-sale (OFS), while fresh capital infusion would take the total IPO size anywhere between Rs 600 crore and Rs 1,000 crore, informed a top official here.
(iii) The bank is planning to increase its asset portfolio to approx Rs 4,500-5,000 crore, while the deposits are expected to increase to Rs 3,500-4,000 crore by end of the fiscal i.e 2020,” said Babu.
Market Wizard
RBI requirement for Small finance bank:
Reserve Bank of India’s stipulation requires Suryoday to lock in promoters’ contribution at 26% for five years from January 2017, when it transformed itself into the bank from its previous avatar of a microfinance company.
RBI norm for small finance banks typically mandates promoter’s minimum contribution at 40% with a 12-year window to pare it down to 26%. However, the entities which had already lowered promoters’ holding to below 40% but above 26%, they are allowed it to keep it at minimum at 26%.
Market Wizard
Research report prepared by UnlistedZone team.
https://dyvmwwyqozzzb.cloudfront.net/main/Suryoda-Small-Fin-Bank-1.pdf
Market Wizard
Suryoda Small Finance Bank Presentation
https://dyvmwwyqozzzb.cloudfront.net/main/Suryoda-Small-Fin-Bank-Presentation.pdf
Sri
Dear sir.
Can u give contect details for Pattukkottai branch
Deepanshu Gupta
What is the current price and lot size?