Suryoday Bank IPO Listing Estimate @ Chanakyanipothi.com , … So D Day is March 26th, 2021… the day on which this IPO is getting listed.
( D 3) On 19.03.2021 @ 5.00 pm
QIB 3718614 Sh : 2.18 T
NII 2788961 Sh : 1.31 T
RII 6507575 Sh : 3.09 T
Tot 13515150 Sh : 2.37 T
These clearly indicate so-so reponse from NII as well as RII investors.
Small note about the company
Suryoday SFB 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. It has for over a decade been serving customers in the unbanked and underbanked segments in India and promoting financial inclusion. Pursuant to receipt of the RBI Final Approval, it started operations as an SFB on January 23, 2017.
Suryoday Bank IPO allotment Price is Rs. 305
Suryoday Bank IPO Latest GMP #
On 26 March 2021
Grey Market Premium Rs. 0
NII investors’ Cost:
The allotment has been tough .Interest cost to the NII investors is Rs. 0.54 per share
Suryoday Bank Ltd Financial Details :
Earnings per Share 2017-18 Rs 1.76
Earnings per Share 2018-19 Rs 13.35
Earnings per Share 2019-20 Rs 13.41
Earnings per Share 2020-21,9M Rs 6.19
Book Value of the Share as on 31.12.2020 Rs 133.54
Upper Price Band/Estimate EPS: 23.46
Suryoday Bank IPO, Estimate of Listing price :
Small Finance Bank enjoy low valuation .The IPO is offered at reasonable valuation
Compared to Peer group scrips, the allotment price is at reasonable valuation.
However , last 3 IPOs have shown disappointing listings, the scrip, we believe is expected
1) to get listed at Rs. 305/310 ( if the Sensex on 26th is in Strong Green zone) or
2) to get listed at Rs. 290 ( if the Sensex on 26th is in Strong Red zone)
and during the intraday may show somewhat higher price , may be Rs. 320
One may retain the scrip with long term angle
(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)
To Study Craftsman IPO Listing Estimate @