Is it good to buy Suryoday small finance bank share?
Table of Contents
- 1 Is it good to buy Suryoday small finance bank share?
- 2 Is Suryoday small finance bank IPO good?
- 3 Why Suryoday small finance bank share price is falling?
- 4 How many branches does Suryoday Bank have?
- 5 Is Suryoday small finance bank covered under Dicgc?
- 6 Is Suryoday bank covered under Dicgc?
- 7 What is the lot size of suryoday small finance bank IPO?
- 8 What is the share allotment date of suryoday IPO?
Suryoday Small Finance Bank (Suryoday) is among the leading SFBs in India in terms of profitability — delivering >2\% RoA in FY19-FY20, supported by cost efficiency (cost / assets at <5.5\% in FY21) and higher NIMs. We initiate with a ‘buy’ rating and target price of Rs 310, valuing the stock at 1.8 FY23E book value.
Is Suryoday small finance bank IPO good?
It opened with a 3.9 percent loss on the BSE, which was attributed to a tepid IPO subscription and asset quality concerns. Suryoday Small Finance Bank was trading at Rs 282, down 7.54 percent from the issue price of Rs 305, at the time of publishing this copy. It hit hitting a low of Rs 271.15 and a high of Rs 295.95.
Should we invest in Suryoday IPO?
Despite being the smallest SFB among listed peers, Suryoday’s IPO valuation is on par with some of the larger players. Analysts say investors should monitor Suryoday’s performance over the next few quarters to see the company’s performance and asset quality trends over the next few quarters before taking an exposure.
Is Suryoday bank safe?
Deposits in these new-format banks are also as safe as those in the other banks. Suryoday Small Finance Bank, which offers 9 per cent on deposits with a special tenure of 950 days and 8.75 per cent on two to three-year deposits, is a good option for investors.
SURYODAY Suryoday Small is falling or rising technical reasons. Technical analysis forecast for Suryoday Small Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Suryoday Small SURYODAY at this time.
How many branches does Suryoday Bank have?
Suryoday Small Finance Bank has 31 branches in 6 states / union territories of India.
Who is CEO of Suryoday small finance bank?
R Baskar Babu
PREMARKET
| Management | |
|---|---|
| R Baskar Babu | Managing Director & CEO |
| R Mohan | Head – Legal |
| R Ramachandran | Part Time Chairman & Independent Director |
| Ranjit Shah | Director |
Why is Suryoday small finance bank falling?
Post listing, the stock has dropped by around 25 per cent from the IPO price. The interest reversals due to NPAs and slower disbursements dragged the net interest income (down 16 per cent yoy in FY21 to ₹410.5 crore) and consequently net profits for FY21 (fell by 89 per cent yoy to ₹11.9 crore).
Is Suryoday small finance bank covered under Dicgc?
The Bank shall inform the customers that all bank deposits are covered under the insurance scheme offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) subject to a maximum of Rs 1 lakh.
Is Suryoday bank covered under Dicgc?
Why is Suryoday small finance bank down?
The small finance bank said that this decision was made due to viability issues, as not many people were using their ATMs. According to a report published in The Times of India, Suryoday R Bhaskar Babu, MD of the bank, said, “We realized that now more of our customers are not using ATMs.
Where is headquarter of Suryoday small finance bank?
Navi Mumbai, India
Suryoday Small Finance/Headquarters
What is the lot size of suryoday small finance bank IPO?
Suryoday Small Finance Bank IPO lot size is of 49 Suryoday Small Finance Bank shares means one can bid for the Suryoday Small Finance Bank IPO with a minimum amount of Rs 14,945 and single bidder can bid for maximum 13 lots means the maximum investment in Suryoday Small Finance Bank IPO is capped at Rs 1,94,285.
Suryoday IPO comprises fresh issuance of 81,50,000 equity shares and an offer for sale (OFS) of up to 1,09,43,070 equity scrips by existing shareholders. Investors are now looking forward to the share allotment date of the Suryoday IPO. The company will finalise the allotment of shares on Wednesday, March 24, 2021.
What is the history of suryoday small finance bank?
1] Suryoday Small Finance Bank commenced its operations as an SFB in 2017. It has a decade-long track record in serving customers in the unbanked and underbanked segments in India and promoting financial inclusion, having commenced its microfinance operations in 2009.
Why Prabhudas lilladher recommends to avoid suryoday small finance bank?
Prabhudas Lilladher has come out with its report on Suryoday Small Finance Bank. The research firm has recommended to ”Avoid” the ipo in its research report as on March 17, 2021. We believe valuations of 2.2x 9MFY21 BV & 2.0x FY21E BV factors in the business scalability and likely could have better entry point ahead.