Company Promoters:-

Baskar Babu Ramachandran, P. Surendra Pai, P. S. Jagdish; and G. V. Alankara

Objects of the Issue:

The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank's Tier-1 capital base to meet the Bank's future capital requirements.

Company Detaails:

    Suryoday Small Finance Bank Limited (“SSFB”) was incorporated on November 10, 2008. 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. SSFB serving customers in the unbanked and under banked segments in India & promoting financial inclusion.   Their average “priority sector” loans, as a percentage of average Adjusted Net Bank Credit (“ANBC”) for Fiscal  2018, 2019 and 2020 and 9 months ended December 31,2020 was 99.08%,112.10%,103.67% and 114.09%  respectively

    SSFB commenced their microfinance operations in 2009 and have since expanded the operations across 13 states and union territories. As of December 31, 2020, their customer base was 1.44 million and the employee base comprised of 4,770 employees & they operated 554 Banking Outlets including 153 Unbanked Rural Centres (“URCs”). Compqny have set up 661 customer service points (“CSPs”) as additional service or touch points during April 1, 2020 and January 31, 2021. Their delivery platform also includes partnering with business correspondents (“BCs”) forsourcing both asset and liability business.

    SSFB investors include a mix of development finance institutions such as IFC and DEG, private equity investors such as Gaja Capital India AIF Trust (represented by its trustee, Gaja Trustee Co. Pvt. Ltd.), Gaja Capital Fund II Ltd, TVS Entities, ASK Pravi Private Equity Opportunities Fund and Lok Capital Growth Fund and institutional investors including HDFC Holdings Ltd., HDFC Life Insurance Co. Ltd., IDFC FIRST Bank Ltd and Kotak Mahindra Life Insurance Co. Ltd

    SSFB Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans & Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels. Also focus on the unserved and the underserved through innovative banking practices & ffers diversified asset portfolio with a focus on retail operations.

Issue Detais:

Issue Period

Opens on:  Wednesday, 17th March 2021

Closes on:  Friday, 19th March, 2021

Price Band

Rs.303/- to Rs.305/- per equity shares .

Bid Lot

49 Equity share and in multiple of 49 equity share thereafter.

Employee Discount

Rs. 30 Per Share

Issue Size

Rs.581 Cr

Employee Reservation

Upto   500,000 Equity Shares (Rs 14 Cr)

Issue break-up

QIB  -  50 % of the net offer -  Rs. 284.00 Cr

NIB  -  15 % of the net offer -  Rs.   85.00 Cr

RET -  35 % of the net offer -  Rs.  198 .00 Cr

Listing

BSE & NSE

Registrar

KFin Technologies Pvt. Ltd

UPI

All Retail Applications through brokers are compulsorily in UPI Mode

Allotment Date

24-Mar-21

Refunds Initiation

24-Mar-21

Credit of Shares

25-Mar-21

Listing Date

30-Mar-21