As of March 2020, the loan portfolio of Suryoday Small Finance Bank was Rs 3,711 crore.
The IPO of Suryoday small finance bank was listed on the stock market on Friday.
The listing of Suryoday SFB on NSE has been done at a discount of 3.93 percent. The stock is listed at Rs 292. While its issue price was Rs 305 per share. At the same time, this stock is listed at Rs 293 per share on the BSE.
ALSO READ: JOB TALK: Stay in touch with old company, boss and colleagues, may look for jobs lotteryIPO was Rs 582.33 croreOn March 17, Suryoday Small Finance Bank’s IPO of Rs 582.33 crore was opened. The price band for this IPO was fixed at Rs 303-305 per share. This IPO was opened till 19 March 2021.
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Shares are also sold to funds
Suryoday Small Finance Bank raised Rs 151.94 crore by issuing 52,08,226 equity shares to SBI Life Insurance Company, Axis Flexi Cap Fund, Axis Equity Hybrid Fund and Kiran Trading at Rs 291.75 per share.
Also read: Talk of jobs: skill of 100 crore jobs will change in ten years, so learn new skills and do re-skillingBank provides vehicle loans, affordable housing loans and loans to small and medium businesses
As of March 2020, the loan portfolio of Suryoday Small Finance Bank was Rs 3,711 crore. 76 percent of the customers in this are women. The bank offers commercial vehicle loans, affordable housing loans and loans to small and medium businesses. The bank had a net interest margin of 11.92 per cent in the fiscal year 2020. By December 2020, the loan portfolio of Suryoday Small Finance Bank has increased to Rs 3900 crore.