SBFC Finance Limited IPO Detail
Incorporated in 2008, SBFC Finance Limited is a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI). The primary customer base of the company includes entrepreneurs, small business owners, self-employed individuals, and salaried and working-class individuals.
SBFC provides its services in the form of Secured MSME Loans and Loans against Gold.
SBFC Finance tends to extend its services to entrepreneurs and small business owners who are underserved or unserved by traditional financial institutions like banks. There are various factors taken into consideration while offering financial assistance in the form of loans. SBFC Finance offers its services so that entrepreneurs can fulfill their financial requirements and thrive.
The entity has a diversified pan-India presence through its extensive network. As of December 31, 2022, SBFC Finance had established its footprints in over 105 cities in 16 Indian states and two union territories. They currently have 137 branches.
Company Promoters
IPO Details
| IPO Opening Date | Aug 03, 2023 |
| IPO Closing Date | Aug 07, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹54 - 57 per equity share |
| Market Lot | 260 Shares |
| Min Order Quantity | 260 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,025.00 Cr |
| Fresh Issue | ₹600.00 Cr |
| Offer for Sale | ₹425.00 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 2 | 0.03x | - | - | 4.37x | 2.21x | 2.04x |
| Day 3 | 7.09x | - | - | 13.68x | 5.21x | 7.49x |
| Day 4 | 203.61x | - | - | 51.82x | 11.60x | 74.06x |
IPO Tentative Timetable
The SBFC Finance Limited IPO open date is Aug 03, 2023, and the close date is Aug 07, 2023. The issue may list on Aug 16, 2023.
| IPO Open Date | Aug 03, 2023 |
| IPO Close Date | Aug 07, 2023 |
| Basis of Allotment Date | Aug 10, 2023 |
| Initiation of Refunds | Aug 11, 2023 |
| Credit of Shares to Demat Account | Aug 14, 2023 |
| IPO Listing Date | Aug 16, 2023 |
IPO Lot Size
The SBFC Finance Limited IPO market lot size is 260 shares. A retail-individual investor can apply for up to 13 lots (3380 shares or ₹192660).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 260 | ₹14820 |
| Maximum | 13 | 3380 | ₹192660 |
IPO Promoter Holding
| Pre Issue Share Holding | 78.83% |
| Post Issue Share Holding | 64.03% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4231.19 | 511.53 | 85.01 |
| 31-Mar-22 | 4515.03 | 530.70 | 64.52 |
| 31-Mar-23 | 5746.44 | 740.36 | 149.74 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds towards augmenting the Company's capital base to meet their future capital requirements arising out of the growth of the business and assets.SBFC Finance Limited IPO Registrar:
KFin Technologies Limited
SBFC Finance Limited IPO Lead Manager(s):
Icici Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Company Contact Information:
SBFC Finance Limited
103, 1st Floor, C&B Square, Sangam Complex,
Andheri Kurla Road, Village Chakala,
Andheri (East), Mumbai - 400 059
