Suryoday Small Finance Bank lists at 4% discount over issue price

The initial public offer (IPO) of Suryoday SFB had managed to get good response from the retail investors and qualified institutional buyers (QIBs)

Shares of Suryoday Small Finance Bank (SFB), on Friday, made a weak debut at the bourses, listing at Rs 292, a 4 per cent discount over its issue price of Rs 305 per share on the National Stock Exchange (NSE). On the BSE, the stock opened 4 per cent lower at Rs 293, falling further to Rs 278.80, nearly 9 per cent lower against its issue price.

At 10:09 am, Suryoday SFB was trading at Rs 288.90, down 6 per cent from its issue price. It hit a high of Rs 295.50 on the BSE, so far. Around 1.5