Suryoday Small Finance Bank IPO Review: Zee Business Managing Editor Anil Singhvi has been quite vocal about the upcoming IPOs (Initial Public Offers) and his stand on them. In this regard, the Market Guru said that Suryoday Small Finance Bank IPO is slightly overpriced, but one can buy the small finance bank for an average return. However, Singhvi maintained that quality of the Suryoday Small Finance IPO is not bad and one can subscribe it for the long-term.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Speaking on the Suryoday Small Finance Bank IPO review, Anil Singhvi said, "Suryoday Small Finance Bank IPO is not unique but the promoters of this small finance bank are experienced, and the company belongs to a fast-growing segment. Its demand is expected to retain positive bias for around 8-10 years."

WATCH | Click on Zee Business Live TV Streaming Below:

On expected Suryoday Small Finance bank IPO listing gains that one can expect, the Market Guru said, "Suryoday Small Finance Bank IPO premium won't be too high. But, one can expect 5-10 per cent returns on the Suryoday Small Finance IPO listing date. If someone does not subscribe to this IPO, he or she won't repent much on listing date as there will not be a robust listing. However, at the same time, I would like to remind that there won't be much loss as well. The listing won't be much lower (in case of bad mood of the market on listing date) from the Suryoday Small Finance Bank IPO price band."

WATCH | Full coverage in Zee Business video below:

On why he is giving average rating to the Suryoday Small Finance IPO, Singhvi said, "Valuations of the IPO are at par. The promoters of the bank should have kept Suryoday Small Finance IPO price band a little lower to ensure more attraction among all sections of the bidders."