Suryoday Small Finance Bank Pre IPO Review & Analysis

Suryoday Small Finance Bank Pre IPO Review & Analysis

Suryoday Small Finance Bank IPO Review, Allotment Status, Subscription, Price, Date & More.

Let’s have a detailed review of the company and analytics of the Suryoday Small Finance Bank IPO release date, IPO offer price, subscription, Suryoday Small Finance Bank IPO allotment, grey market price and other details like the company’s background, its financial positions, and its other related things.

Summary of Suryoday Small Finance Bank

Suryoday - ‘Sunrise’ in Sanskrit, signifies a new dawn, a new beginning and this encompasses our strong commitment to financial inclusion. In the past, as Suryoday Micro Finance and now as Suryoday Small Finance Bank.

Suryoday journey from Micro Finance to a Small Finance Bank took just eight years. Today over a million ‘smiling customers’ stand testimony to our belief that ‘no matter what, dreams, when enabled will transform mankind and create a whole new world around’.

Suryoday has among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ license from the Reserve Bank of India (RBI).

Suryoday Small Finance Bank is a new age bank that went live on January 23rd 2017. Its endeavor is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. The Bank’s focus is to continue to be on ensuring the best in class ‘Customer Experience’.

As a bank, Suryoday

-         Offers its existing credit products suite of MFI loans, Vikas Loans, Shopkeeper Loans etc. to new and current customers.

-         Offers digital banking as the key account differentiator to customers using the extensive seeding of Aadhar biometric identification system, NPCI’s payment systems and mobile technologies whilst continuing to explore banking through traditional channels.

-         Focuses on the unserved and the underserved through innovative banking practices and continue to expand reach in states where it currently doesn’t has a presence

Promoters of Suryoday Small Finance Bank

Mr. Baskar Babu Ramachandran

-         MD & CEO of Suryoday Small Finance Bank Ltd.

-         Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.

Mr. P Surendra Pai

-         Retired in 2002 as a Vice Chairman of Wipro Ltd.

-         Executive Chairman of Murugappa Group till 2006.

-         Independent Director of Federal Bank till 2010.

Mr. P S Jagdish

-         Director Emmjay Financial Ventures Pvt Ltd.

-         Promoter of Indo Tech Transformers Ltd.

-         Former President of Indian Transformer Manufacturers Associations.

Mr. G V Alankara

-         Director & Compliance Officer Old Bridge Capital Management.

-         Ex-Fund Manager Canara Bank Mutual Funds.

-         Ex-Head of Dealing - SSKI Securities Ltd.

Board of directors

Mr. R. Ramachandran

-         Currently Independent Director with the Gati group.

-         Ex-Chairman & Managing Director - Andhra Bank.

-         Ex-Executive Director - Syndicate Bank.

Mr. Mrutyunjay Sahoo

-         Independent Director

-         Ex-Special Chief Secretary to the Government of Andhra Pradesh.

-         Ex-Director as government nominee in Navratna and Miniratna PSUs.

Mr. Jyotin Mehta

-         Independent Director

-         Ex-GM and Company Secretary of ICICI Bank Ltd.

-         Ex- Chief Internal Auditor of Voltas Ltd. Currently Director with ICICI Prudential Trust, Monnet Ispat & Energy and some companies of the ASK group.

Ms. Meena Hemchandra

-         Independent Director

-         Retired Executive Director of Reserve Bank of India having over 35 years of experience spread over various departments. Has been CGM-in-charge of the Mumbai Region of the Department of Supervision, RBI , has chaired the ‘Standing Committee on Cyber Security in Banks’ and overseen the issue of cyber security guidelines from the RBI. An MA (Economics), CAIIB and CFA by qualification, she has academic and Board- level experience having been on the Board of several Bank Boards.

Mr. Arun Diaz

-         Independent Director

-         Post 28 years of world-wide assignments with Standard Chartered Bank, he is now a Consultant in Banking and an entrepreneur in the healthcare sector involved in Venture Capital. An MBA from XLRI, he mentors new and upcoming entrepreneurs.

Mr. Ranjt Shah

-         Nominee Director

-         Over 36 years of varied experience, including thirteen years as a private equity investor.

-         Managing Partner and Co-Founder of Gaja Capital leading investments in the consumer, financial services and infrastructure ancillary sectors.

Mr. Aleem Remtula

-         Nominee Director

-         Has over 15 years of experience in impact investing with socially-responsible, venture capital and private equity funds in the U.S. and Europe and is a Economics graduate from Princeton University and also an MBA from Harvard Business School. He is currently Managing Director at Developing World Markets, a U.S.-based impact investment manager and manages the firm’s private equity investments across Asia, the Caucasus, and East and South Africa. Aleem also serves on the board of the Aga Khan Foundation, USA and consults on financial access strategies and products for the poor and ultra-poor across multiple countries.

Mr. Baskar Babu Ramachandran

-         MD & CEO

-         MD & CEO of Suryoday Small Finance Bank Ltd.

-         Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.

Key Institutional Investors:

-         HDFC

-         HDFC Life

-         IDFC First Bank

-         Kotak Life

Industry Overview:

-         The Indian Banking structure has undergone appropriate transformation with the formation of a new banking institution – Small Finance Banks (SFBs).

-         These SFBs are expected to penetrate Rural India and help achieve financial inclusion by providing basic Banking and Credit services to a larger population.

-         SFBs also work as institutionalized systems to undertake deposits, which enables them to access low-cost funds as compared to NBFCs.

-         The loan portfolio of SFBs is expected to grow at 25-30% with share of microfinance declining to around 40% by March 2020, according to a report by rating agency ICRA.

Suryoday Small Finance Bank IPO Allotment Status, Subscription, Price, Date & More.

Suryoday Small Finance Bank IPO date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

Planify View Over Suryoday Small Finance Bank:

-         We at Planify believe, after considering the bank’s financials and capital structure, that the bank is going to be a safe bet and it could grow exponentially in the coming years. After analyzing all the aspects we would give the bank a rating of 4 out of 5.

Want to buy Suryoday Small Finance Bank Unlisted Shares?
Come right to us!

-         Mail Us On - help@planify.in

-         Or Call Us On - (+91) 706-556-0002

Investment Disclaimer
Investment in Pre-IPO Equity is subject to market risk. The investor should take an informed decision before investing in any company.

Planify Disclaimer
An investment made on the Planify Platform is made through pooled investments that acquire shares of private companies and are not a direct investment in these companies.

Transaction Disclaimer
Planify facilitates the smooth execution of the transaction. If in case, Planify is not able to provide or supply the requisite agreed inventory, it will return the transaction amount in the same account through which the funds are received.

Capital Small Finance Bank Pre IPO Review & Analysis

Capital Small Finance Bank IPO Review, Allotment Status, Subscription, Price, Date & More.

Let’s have a detailed review of the company and analytics of the Capital Small Finance Bank IPO release date, IPO offer price, subscription, Capital Small Finance Bank IPO allotment, grey market price and other details like the company’s background, its financial positions, and its other related things.

Summary of Capital Small Finance Bank

Capital Small Finance Bank Limited started its operations as India's 1st Small Finance Bank on April 24, 2016 after conversion from a Local Area Bank. Prior to conversion to a Small Finance Bank, Capital Local Area Bank was operating as India's largest local area bank since January 14, 2000.

The Bank pioneered in bringing modern banking facilities to the rural areas at a low cost. The Bank introduced 7-Days branch banking with extended banking hours since its first day of operations. The focus to serve common man and the local touch advantage has given the Bank a competitive edge over other banks operating in the region. Within a short period, most of the branches became market leaders of their respective centers. The Bank is providing safe, efficient and service oriented repository of savings to the local community while reducing their dependence on moneylenders by making need-based credit easily available.

The Bank transitioned from a Local Area Bank to Small Finance Bank with 47 Branches. In a short span, 103 new Branches have become operational, taking the total number of Branches to 150. After establishing a strong footprint in the state of Punjab, the Bank has now started expansion to the states of Delhi, Haryana, and Rajasthan along with Union Territory of Chandigarh.

Capital Small Finance Bank has been granted Scheduled Status by the Reserve Bank of India vide Notification dated February 16, 2017.

The total business of the Bank has crossed ₹ 7,600 crores with over 6,90,000 accounts. The Bank has 80% of its business in rural and semi urban areas, with priority sector lending of 81.28% of the Adjusted Net Bank Credit as on March 31, 2019. The Bank is extending loans primarily to small borrowers. As on March 31, 2019, 54.10% of the total advances are up to the ticket size of ₹ 25 lacs.

Conversion of the Bank to Small Finance Bank has removed the geographical barriers for expansion, resulting in exponential growth of the Bank in all spheres. The business of the Bank is expected to grow to ₹ 18,000 crores by March 31, 2023 with 265 number of Branches.

Products and Services of Capital Small Finance Bank:

-        Savings account

-        Current Account

-        Term Deposits

-        Loans

-        NRI Banking Services (Current/Savings)

Strength of Capital Small Finance Bank:

-        Intellect design Arena Ltd the world’s first full-spectrum banking and financial products company for the digital age announced its partnership with the Capital Small Finance Bank.

-        Now the bank will deliver Digital Core banking, trade Finance, Debt Management, e-banking, Payments, Treasury, Alerts, Tablet Banking, Smart Brach, Liquidity Management etc. through the Global consumer banking division of Intellect.

-        As the company mainly focus in rural area So Bank has 80% of its business in rural and semi urban areas, with priority sector lending of 99.30% of the Adjusted Net Bank Credit.

-        The Bank is extending loans primarily to small borrowers. As on March 31, 2018, 52.48% of the total advances are up to the ticket size of ₹ 25 lacs.

-        It’s a one-stop Financial Hub in rural and semi urban areas with uninterrupted & Extended banking Hours in whole week.

Industry overview:

-        Rating agency ICRA expects small finance banks to grow at a compounded annual growth rate of 25% to 30% led by diversified loan growth, deposit mobilization, improving asset quality and better return on equity.

-        Asset quality indicator of small finance bank is also improved with gross NPA declining to 5.8% from 9.0% in year 2018.

-        Small finance banks can undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections.

-        It may include small business units, small and marginal farmers, micro and small industries and unorganized sector entities.

-        Capital small bank has crossed business of ₹ 6,700 Crore with over 6,20,000 accounts and most of their business came from rural and semi urban areas.

Awards & Achievements of Capital Small Finance Bank:

-        Company is accredited with ‘ICAI Award for Excellence in Financial Reporting’ for two consecutive years.

-        Capital Small Finance Bank Ranked amongst India’s 100 Best Companies to work for 5 consecutive years.

-        Pioneer in bringing state-of-the-art banking facilities in rural areas at a low cost

-        Promoting Financial Inclusion by providing easy access to masses to banking services to the masses

-        Extension of banking services to the unbanked rural villages.

-        7 Day Branch Banking from day one with extended and uninterrupted banking hours.

-        One-Stop Financial Hub in rural and semi urban areas.

-        Contribution to economic development and employment generation in the area

-        Surpassed National Targets in Priority Sector, Agriculture and Weaker Section Advances

-        Average Business per branch of ₹ 48 Crores.

-        Accredited with 'ICAI Award for Excellence in Financial Reporting' for two consecutive years

-        Ranked amongst India's 100 Best Companies to work for 5 consecutive years.

-        RuPay Debit Card acceptance across 2.40 lac ATMs, over 27 lac POS Terminals and on all e-commerce sites

Financial Review of Capital Small Finance Bank:

-        Total Deposits of the Bank increased to ₹ 3667.26 crores as against ₹ 2375.21 crores as on March 31, 2017 resulting growth of 54.4% in 2 yrs.

-        Company’s total asset has increased by 58.81% in 2 year to breach the value of ₹ 4321.20 Cr. in Year 2018-19.

-        Net NPA of company has grown by approx. 56.9% in previous year.

-        Net worth of company has reached to ₹ 250.32 Cr. in Financial Year 2018-19 as against 163.23 Cr. in Year 2016-17 shows the growth of approx. 31.59 %.

-        Company has recorded Net Profit of ₹ 9.41 Cr. this year and also decided to pay dividend of ₹ 2.22 per share.

-        This year Credit deposit ratio of company is 71.14% and return on equity 11.13%.

Capital Small Finance Bank IPO Allotment Status, Subscription, Price, Date & More.

Capital Small Finance Bank IPO date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

Planify view over Capital Small Finance Bank:

-        Bank is Pioneer in bringing state-of-the-art banking facilities in rural areas at very low cost with 7-day branch banking facilities from 1st day of its operation.

-        Its one-stop financial hub in rural and semi urban areas operating in more than 142 branches with average business of Rs. 48 Cr. per branch.

-        Company is accredited with ICAI award for excellence in Financial Reporting for two consecutive years and ranked amongst India’s 100 Best Companies.

-        In an Interview company’s chief operating officer Munish Jain said Bank is planning to open 220 branches by the end of FY 2021 which means CAGR growth of 33.8% in bank’s balance sheet over next 3 years.

-        Financial growth of company is very good, The Bank has a consistent track record of healthy dividend pay-outs since day one of its inception.

-        The Bank is in an exponential growth phase and company is continuously reporting profit and book value of company is also growing with CAGR of approx. 15.7% since 2016 after analysing overall aspects of the bank we Rate this bank 4/5.

Want to buy Capital Small Finance Bank Unlisted Shares?
Come right to us!

-        Mail Us On - help@planify.in

-        Or Call Us On - (+91) 706-556-0002

Investment Disclaimer
Investment in Pre-IPO Equity is subject to market risk. The investor should take an informed decision before investing in any company.

Planify Disclaimer
An investment made on the Planify Platform is made through pooled investments that acquire shares of private companies and are not a direct investment in these companies.

Transaction Disclaimer
Planify facilitates the smooth execution of the transaction. If in case, Planify is not able to provide or supply the requisite agreed inventory, it will return the transaction amount in the same account through which the funds are received.