Suryoday Bank IPO subscription to start from 17 March 2021, Wednesday. The Suryoday Bank is based in Mumbai and to raise around 582 crore via IPO. Suryoday Bank grey market looks weak and stable around 30-40 level. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The lower GMP might be a reason for a lower subscription but the bank shown a great record in last few years.
IPOWatch View: We recommend investors to apply this IPO with risk. Stay tuned for the IPO.
Suryoday Bank IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
Day 1 Subscription Highlights:
It was a lower subscription for Suryoday Bank IPO. It was just 0.42x times subscription for the 1st day. The QIB was not supported on day 1 remain 0.00x. HNI also not came up and just 0.04x subscription while retail subscribed 0.84x times. The GMP is around 25-30 level. Lets see how it comes up till last day.
The IPO Subscribed fully 1.01x times on day 2. Still the subscription is not on a high as QIB not participated and NII with just 0.20x times. Retailers subscribed fully with 2.00x times. As the demand is low we can expect lower numbers for sure.
Day 2 Subscription Highlights:
About Suryoday Bank IPO
Suryoday Bank IPO price band is fixed at ₹303 to ₹305 Per Share. The company to raise ₹582 crore via IPO. The subscription will closes on 19 March 2021. The allotment will be on 24 March and listing will be on 30 March. Suryoday Bank minimum bid is 29 Shares with ₹14945 amount while maximum bid is 637 shares with ₹194285.
About CompanySuryoday Small Finance Bank is a new age bank that went live on January 23rd 2017. Our endeavour is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. Our power packed solutions are designed to offer the choicest of benefits to suit different financial needs. As always, our focus will continue to be on ensuring the best in class ‘Customer Experience’.
Suryoday Bank IPO Subscription FAQs:
When Suryoday Bank IPO Subscription will start?
The IPO subscription starts on 17 March 2021 for QIB, NII, and Retail Investors.
How much Suryoday Bank IPO subscribed?
The IPO subscribed 2.37x times on day 3.
What is Suryoday Bank IPO Retail subscription status?
The RII subscription is 3.09x on day 3.
How to subscribe Suryoday Bank IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Suryoday Bank IPO Subscription Numbers?
One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.