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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augmenting Tier-1 Capital Base
Net proceeds from the fresh issue will be utilized to augment the Bank's Tier-1 capital base to meet future capital requirements and support asset growth.
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(₹ in Crore)
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Suryoday Small Finance Bank Limited is a leading Indian small finance bank focused on serving unbanked and underbanked customer segments across urban and rural regions. Originating as a microfinance institution (NBFC-MFI) in 2008, the company commenced commercial banking operations in January 2017 after receiving a small finance bank license from the Reserve Bank of India. The bank offers a comprehensive suite of financial products, including joint liability group loans, individual business loans, micro-MSME financing, commercial vehicle loans, and affordable housing finance. The bank operates an extensive distribution network spanning key states including Maharashtra, Tamil Nadu, Odisha, Gujarat, Madhya Pradesh, and Karnataka. Beside its physical branch presence, Suryoday has built robust digital banking capabilities, doorstep banking services, and automated teller machine networks to deepen financial inclusion and deliver seamless banking experiences to underserved communities. Suryoday Small Finance Bank emphasizes prudent credit underwriting, diversified liability franchise development, and technology-driven risk management. By expanding its retail deposit base and leveraging digital partnerships, the institution continues to strengthen its capital position, broaden its product offerings, and drive sustainable asset growth.
Suryoday Small Finance Bank raised ₹170.12 crore by allocating 55,77,920 equity shares to 13 anchor investors at ₹305 per share. Prominent anchor investors included Axis Mutual Fund, IDFC Mutual Fund, SBI Life Insurance, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Aditya Birla Sun Life Insurance, and Goldman Sachs (Singapore) Pte.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 7:31 AM
Strong Track Record in Microfinance Operations
Extensive experience in priority sector lending with deep-rooted customer relationships across unbanked and underbanked regions.
Diversifying Asset Product Portfolio
Expanding presence beyond microfinance into commercial vehicle financing, micro-MSME loans, and affordable housing loans.
Robust Capital Adequacy Position
Maintains a strong capital base well above regulatory requirements to support future credit growth and operational expansion.
Geographic Concentration Risk
Significant portion of advances is concentrated in Maharashtra, Tamil Nadu, and Gujarat, exposing operations to regional economic disruptions.
Unsecured Micro-Lending Credit Risk
Substantial portfolio exposure to unsecured micro-loans makes asset quality sensitive to broader economic stresses among low-income borrowers.
Suryoday Small Finance Bank Limited
Unit No. 1101, Sharda Terraces, Plot No. 65, Sector 11, CBD Belapur, Navi Mumbai - 400614, Maharashtra, India
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