IPO Alert: Suryoday Small Finance Bank

Suryoday Small Finance Bank is a new age bank that went live on 23-Jan-17. It was incorporated in 2008 as a NBFC mainly catering to the unbanked and underbanked sections of the population. As of 31-Jul-20, the bank had 482 branches and a customer base of 14.3 lakh in urban and semi-urban areas.

Bid/Offer Opens OnWednesday, 17-Mar-21
Bid/Offer Closes OnFriday, 19-Mar-21
Price BandRs. 303 - Rs. 305 per equity share
Lot Size49 Shares


More on Suryoday Small Finance Bank | Know How to Apply

The below table has important dates with respect to the IPO allotment and listing

Bid/Offer Opens On17-Mar-21
Bid/Offer Closes On19-Mar-21
Finalization Of Basis Of Allotment24-Mar-21
Initiation Of Refunds24-Mar-21
Credit Of Shares To Demat Acct25-Mar-21
IPO Shares Listing Date30-Mar-21
UPI Mandate Expiry Date05-Apr-21

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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