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Suryoday Small Finance Bank IPO allotment live – how to check allotment, listing date and more

Suryoday Small Finance Bank IPO allotment live – how to check allotment, listing date and more
Stock Market4 min read
  • The basis of allotment for the ₹581 crore IPO of Suryoday Small Finance Bank will be announced on March 24.
  • Suryoday Small Finance Bank is one of the leading small finance banks in terms of net interest margins, return on assets and yield.
  • Here’s how to check the Suryoday Small Finance Bank IPO allotment status.
Suryoday Small Finance Bank is one of the latest to join the initial public offer (IPO) frenzy, allowing investors to subscribe to ₹581 crore worth equity shares. Although analysts recommended subscribing to the IPO, it received lukewarm reception, garnering a meagre 2.37 times subscription – mostly led by retail investors.

Suryoday Small Finance Bank IPO

Qualified Institutional Buyers

Non-institutional Investors

Retail Individual Investors

Employees

Total

No. of times issue subscribed

2.18

1.31

3.09

0.34

2.37



“Suryoday Small Finance Bank (SSFB) is among the leading SFBs in India in terms of net interest margins, return on assets, yields and deposit growth and had the lowest cost-to-income ratio among SFBs in India in fiscal 2020,” a report by Axis Capital said.

One of the measures to evaluate SSFB’s performance is yield-to-gross loan portfolio. This measures the bank’s ability to generate income such as interest, fees, and commissions from the loans it has issued.

Year

Yield on Gross Loan Portfolio

Mar-18

21.41%

Mar-19

21.78%

Mar-20

20.93%

Dec-20*

19.76%


Note: *Data up to December 31, 2020.

“SSFB has been growing tremendously since the conversion as an SFB and is currently in a robust financial position that will enable them to expand their business quickly,” stated a report by Anand Rathi Research.

The bank has announced that it will use the proceeds of the IPO towards bolstering its Tier-1 capital base to meet future capital requirements. Tier-1 capital refers to the core capital of a bank that consists of equity shares and retained earnings. It is used to measure the bank’s financial strength and its capital adequacy.

When will the Suryoday Small Finance Bank shares be listed?

The listing date for the allotted shares of Suryoday Small Finance Bank is March 30.

How to check Suryoday Small Finance Bank IPO allotment status

If you were one of the subscribers to the Suryoday Small Finance Bank IPO, you can check the allotment status by following these steps:

To check the Suryoday Small Finance Bank IPO allotment status on the registrar website:

  • Visit the registrar’s website here.
  • Click on ‘Select IPO’ and then select ‘Suryoday Small Finance Bank’.
  • Now, enter either your PAN, application number or DP / Client ID.
  • Now, enter the captcha.
  • Click on submit.
Now, you will be able to see your application status. It will show the number of shares that you have applied for and the number of shares that have been allotted to you.

To check on BSE website:

To check Suryoday Small Finance Bank IPO allotment status on BSE or NSE website:

  • On the website, click on 'Equity' and then from the dropdown, select ‘Suryoday Small Finance Bank’.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
  • You will be able to see the number of shares allotted to you.
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