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News Details

( As on 26/03/2021 10:00)

Suryoday Small Finance Bank Ltd. debuts with 3.93% discount at Rs 293.00

Suryoday Small Finance Bank Ltd. makes a weak debut on the bourses with scrip got listed at Rs 293.00 on the Bombay Stock Exchange, a 3.93 per cent discount to its issue price of Rs 305.00. On the National Stock Exchange, the stock was listed at Rs 292.00.

The company, which raised 1.91 Cr from initial public offering, was subscribed 2.02 times, receiving bids for 385.68 lakhs shares against the total issue size of 190.93 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 17 to Mar 19.

Following a weak opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Axis Capital Ltd.,SBI Capital Markets Limited,IIFL Securities Limited,ICICI Securities Ltd as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 48,440.12, down 740.19 points, or 1.50 per cent.