Small Finance Banks

Small Finance Bank SFBs newly concept in India Launched by RBI in 2014-15 and now 10 Banks in India,

Here are little differences between commercial banks and SFBs

They are working in Rural areas and provide lending in the priority sector, Mainly 75% of its lending in MSMEs and Unorganised sector which commercial bank doesn't provide because of a high risk of NPAs. Basically, SFBs provide liquidity and basic bank services to such kind of people who can't afford banking from commercial Bank.

List of Small Finance Banks (SFB) 1-Au Small Finance Bank Ltd. 2-Capital Small Finance Bank Ltd 3-Fincare Small Finance Bank Ltd. 4-Equitas Small Finance Bank Ltd 5-ESAF Small Finance Bank Ltd. 6-Suryoday Small Finance Bank Ltd. 7-Ujjivan Small Finance Bank Ltd. 8-Utkarsh Small Finance Bank Ltd. 9-North East Small Finance Bank Ltd. 10-Jana Small Finance Bank Ltd.

Out of 10 Bank 3 Banks Listed In Stock Exchange which is Ujjivan, Equitas and AU Small Finance Bank and Forth are coming Suryoday Bank, IPO is coming on 17th Feb.

Could be replace RRBs in India? Just asking

Company	Sector	Industry	Price	52 Week Low	52 Week High	All Time Low	All-Time High	Market Cap(Cr)
Ujjivan Small Finance Bank Ltd.	Financial	Banking	34.65	23.10	44.60	23.00	62.80	5,988.59
AU Small Finance Bank Ltd.	Financial	Banking	1,253.25	366.00	1,316.95	366.00	1,316.95	38,544.40
Equitas Small Finance Bank	Financial	Banking	59.4	30.1	68.2	30.1	68.2	6768
Suryauday Small Finance Bank	Financial	Banking	IPO is coming on 17th Feb

For Financial you can visit https://www.screener.in/ 

more details for IPO  https://ipocentral.in/ipo-2021/suryoday-sfb-ipo/

Suryoday SFB IPO details
Subscription Dates	17 – 19 March 2021
Price Band	INR303 – 305 per share
Fresh issue	8,150,000 shares (INR246.94 – 248.57 crore)
Offer For Sale	10,943,070 shares (INR331.57 – 333.76 crore)
Total IPO size	19,093,070 shares (INR578.52 – 582.34 crore)
Minimum bid (lot size)	49 shares
Face Value	INR10 per share
Retail Allocation	35%
Listing On	NSE, BSE

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