Suryoday Small Finance Bank Limited – Completes Anchor Allocation

Suryoday Small Finance Bank Limited which is tapping the capital markets with its total issue of 190.93 lac shares which comprises of a fresh issue of 81.50 lac shares and 109.43 lac shares through an offer for sale completed allocation to anchor investors.

The company allotted 55,77,920 equity shares to 13 anchor investors. The largest allocation was made to Axis Mutual Fund and ICICI Prudential Life Insurance Company Limited of an identical 7,38,283 shares or 13.24% of the anchor allocation.

The price band is Rs 303-305. The issue opens on Wednesday the 17th of March and closes on Friday the 19th of March.

A full list of anchor allotment and allocation is given below: –

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