Suryoday Small Finance Bank which has already filed DRHP for an IPO has raised 151 Crores by issuing 52,08,226 shares to the following shareholders.
1. SBI Life Insurance Company Limited = 30,84,833
2. Axis Multicap Fund = 17,13,795
3. Axis Equity Hybrid Fund = 3,42,760
4. Kiran Vyapar Limited = 66,838
The shares are issued at Rs.291 per share.
Suryoday Small Finance Bank’s Book value as on 31.03.2020 is 123 per share. So, this deal is done at P/B of 2.36x.
Currently, the Suryoday Small Finance Bank is available in the unlisted market at a price of 320 per share.
