Suryoday Small Finance IPO price band at ₹303-305

Suryoday Small Finance IPO price band at ₹303-305

Suryoday Small Finance Bank on Friday set an issue price of ₹303-305 a share for its three-day initial public offering (IPO) beginning 17 March.

The IPO of up to 19.09 million shares comprises a fresh issue of 8.15 million shares and an offer for sale of up to 10.94 million shares by existing promoters and shareholders. At the upper end of the price band, the lender may raise over ₹582 crore.

The offer for sale will see International Finance Corp selling up to 4.39 million shares, Gaja Capital Fund II 2.02 million shares, DWM International Mauritius 1.89 million shares, HDFC Holdings 750,000, IDFC First Bank 250,000 shares,…

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