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As per information from our sources, Suryoday Small Finance Bank, that the board is evaluating an initial public offering of its equity shares (the “Equity Shares”) for cash, subject to approval by the Shareholders and market conditions, regulatory, corporate, and other approvals.

The IPO would be a mix of fresh issue of its Equity Shares (the “Fresh Issue”) and an offer for sale of Equity Shares by certain existing shareholders of the Bank.

So once the shareholders approve the IPO plan, the Suryoday Small Finance Bank will file for DRHP with SEBI.

Suryoday Small Finance Bank:

Started in the year 2008-09, Suryoday Small Finance Bank provides Microfinance loans, Loans against the property, MSME loans, Commercial vehicle loans, and SME lending.

As of 31.03.2020, the bank has advances of 3531 Cr with G.NPA of 2.81%.

To know more about the Suryoday SFB, please visit this page.

Investors:

Suryoday Small Finance Bank is backed by top-notch investors.

1. International Finance Corporation,
2. Gaja Capital Fund.
3. Evolvence India Fund II.
4. Americorp Ventures Limited etc.
5. DWM (International) Mauritius Limited

Financial Performance and Comparison with listed Peers:

To know how it has performed in the last 5 years and how it currently fares up with listed peers in terms of valuation, then please go through the following links:

Suryoday Small Finance FY20 Results Update and Analysis – 30.05.2020

Comparison of Unlisted and Listed small finance banks – 11.04.2020

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