Suryoday Small Finance Bank IPO GMP 2023

GMP Date	IPO Price	GMP	Listing Price	Last Updated
25-03-2021	305	₹-10	₹295 (-3.28%)	25-Mar-2021 9:49
24-03-2021	305	₹0	₹305 (0.08%)	24-Mar-2021 9:16
23-03-2021	305	₹4	₹309 (1.31%)	23-Mar-2021 9:18
22-03-2021	305	₹6	₹311 (1.97%)	22-Mar-2021 10:11
21-03-2021	305	₹25	₹330 (8.2%)	21-Mar-2021 10:34
20-03-2021	305	₹27	₹332 (8.85%)	21-Mar-2021 10:34
19-03-2021	305	₹27	₹332 (8.85%)	19-Mar-2021 9:43
18-03-2021	305	₹28	₹332 (8.85%)	18-Mar-2021 9:21
17-03-2021	305	₹27	₹333 (9.18%)	17-Mar-2021 10:34
16-03-2021	305	₹30	₹335 (9.84%)	16-Mar-2021 9:29

What is an IPO?

First let’s talk, about what is IPO. IPO stands for “allottable price” (also known as GMP). When a company comes to the public market, it gives its shareholders the right to sell their stock. This means that you can also become a shareholder of that company, but the question is how much price you will get for its shares. This is where GMP comes into play!

About Suryoday Small Finance Bank

Suryoday is a small finance bank that works to provide timely financial assistance to the poor and small businesses with the professionalism of financial services in India.

What is Suryoday Small Finance Bank IPO GMP?

Well, now let us talk about S Small Finance Bank IPO GMP. GMP stands for “Grey Market Premium”. This is a type of blind rate in which people estimate a natural market price for an IPO in the market.

Importance of Suryoday Small Finance Bank IPO GMP

What is the importance of GMP? This tells you how much you will have to pay for the tranches of the IPO that will hit the market. If Suryoday Small Finance Bank’s IPO GMP is positive, it means that there is high demand for it in the market and people are ready to buy it at a higher price. But if GMP is negative, it means that there is less demand for it in the market and people are ready to buy it at a lower price.

How to know GMP?

Now you are probably wondering how to find out GMP. It’s quite easy. You can get this information from your broker or financial news portals.

Suryoday Small Finance Bank IPO GMP Estimates

Now let us tell you more about Suryoday Small Finance Bank IPO. According to many Google experts, it is estimated to be GMP-positive. Since Suryoday Small Finance Bank has increased its inaugural allotment price and people are inclined towards it, it appears that it may have high demand in the market.

Should you invest?

Now the question arises whether you should invest in Suryoday Small Finance Bank IPO. We will give one important piece of advice here – first think carefully and then invest. Investing in an IPO is a big decision, and you should understand it well.

What do experts say?

Come, let us tell you the statements of some experts, who are talking about Suryoday Small Finance Bank IPO GMP.

Suryoday Small Finance Bank Q1FY24 CC Highlights:-

1. Customer base up 21% YOY and advances up 25% YOY
2. PAT 5x YOY and up 24% QOQ mainly on asset quality optimisation and business growth
3. 20% of the loan book is Vikas Loans (unsecured loans to the bank's graduating JLG… pic.twitter.com/r06agWx7Nw
— Rajarshi Shome (@shome_rajarshi) August 23, 2023

“GMP is a joke,” says one expert. “It’s anyone’s guess, and it just depends on the mood of the market.”
Another expert says, “GMP has no fixed rules, and cannot completely predict the outcome of your investment.”
And a third expert says, “If you have good sense, don’t fall into the trap of GMP. It is better that you learn about IPOs yourself and decide your investment.”

The right way to invest

Despite this, even without GMP, you can choose the right way to invest. Here are some simple suggestions:

LEARN WISE

Gain wisdom about IPOs. Check the company’s financial health, opening price, and the track record of its investors.

Assess the risk:

Validate your financial goals and risk tolerance before getting involved in investing.

Make an investment strategy

Will your investment be long-term or short-term? Determine this and then invest accordingly.

Consult a broker:

A good and quality broker will give you suitable guidance and manage your investments properly.
worship time

Instead of indicators, this is the time to worship and not to be sensitive in your investments. By avoiding the drama of GMP, you should stay focused on your investment goals. Instead of taking high risks on a whim, choose prudent investments.

conclusion

In this article, we have explained to you about Suryoday Small Finance Bank IPO GMP and also told you that it does not have much importance. Before investing in an IPO, you should understand the history and financial health of the company, and then you should formulate your investment strategy. After investing carefully and wisely, you can have a good time with your investments, like we have done in this article.

note****

Investments are made based on market conditions and your financial situation, and we are not giving you investment advice here. We are just providing you with information through this article. Before investing, please consult your financial advisor.