Suryoday Small Finance Bank raises Rs 170 crore ahead of IPO
Wed, Mar 17, 2021 12:46 AM

Suryoday Small Finance Bank raises Rs 170 crore ahead of IPO

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Suryoday Small Finance Bank on March 16 bagged Rs 170.12 crore from 13 anchor investors, ahead of its initial public offer that opens on March 17. The company plans to raise around Rs 581 crore from the issue. The lender in consultation with merchant bankers, finalised the allocation of 55,77,920 equity shares to anchor investors, at a price of Rs 305 apiece.

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