27-Jul-2023
2 mins read
SBFC Finance is set to debut on the stock market with its initial public offering (IPO) soon, though specific dates are still pending announcement. The finance firm is aiming to garner approximately Rs 1200 crores through this IPO, which consists of a fresh issue worth Rs 750 crores and an offer for sale valued at Rs 450 crores, each at Rs 10. The allocation for retail investors has been set at 35%, while qualified institutional buyers (QIB) will have a 50% quota, and high net-worth individuals (HNI) will receive a 15% allotment.
SBFC Finance Limited Product Portfolio
Established in 2008, SBFC Finance Limited operates as a significant, non-deposit-accepting Non-Banking Finance Company (NBFC-ND-SI). Its core clientele is entrepreneurs, small business proprietors, self-employed professionals, as well as salaried and working-class individuals. SBFC primarily offers its services through Secured MSME Loans and Gold-backed Loans.
The company is dedicated to reaching out to entrepreneurs and small business owners who are often overlooked or underserved by conventional financial institutions, such as banks. SBFC Finance takes into account a variety of factors while granting loans to ensure that these entrepreneurs have the financial resources they need to prosper.
Boasting a wide-ranging network across the country, SBFC Finance demonstrates a diverse presence throughout India. As of the end of 2022, the company had established operations in more than 105 cities across 16 states and two union territories in India, with a current total of 137 branches.
The Objectives of SBFC Finance Limited IPO
The firm intends to allocate the net proceeds to bolster its capital foundation, enabling it to satisfy future capital needs that might arise due to business expansion and asset growth.
Financial Performance of SBFC Finance Limited (In Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 31-Mar-20 | 4,207.99 | 444.85 | 35.5 | 752.09 | 3,056.38 |
| 31-Mar-21 | 4,231.19 | 511.53 | 85.01 | 944.72 | 2,772.55 |
| 31-Mar-22 | 4,515.03 | 530.7 | 64.52 | 1,026.78 | 2,948.82 |
| 31-Dec-22 | 5,334.82 | 531.69 | 107.03 | 1,421.63 | 3,409.48 |
Important Dates for SBFC Finance Limited IPO
| IPO Date | Aug 3, 2023 to Aug 7, 2023 |
| Listing Date | Wednesday, 16 August 2023 |
| Face Value | Rs 10 per share |
| Price | Rs 54 to Rs 57 per share |
| Lot Size | 260 Shares |
| Total Issue Size | Aggregating up to Rs 1,200 Crore |
| Fresh Issue | Aggregating up to Rs 750 Crore |
| Offer for Sale | Rs 10 (Aggregating up to Rs 450 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
SBFC Finance IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
SBFC Finance Limited IPO Lead Manager(s)
- Icici Securities Limited
- Axis Capital Limited
- Kotak Mahindra Capital Company Limited
Promoters of the Company
- SBFC HOLDINGS PTE. LTD.
- CLERMONT FINANCIAL PTE. LTD.
- ARPWOOD PARTNERS INVESTMENT ADVISORS LLP
- ARPWOOD CAPITAL PRIVATE LIMITED
- EIGHT45 SERVICES LLP
How to Apply for SBFC Finance Limited IPO
Wait for the public issue to open for subscription, then click on this link to apply for the SBFC Finance Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of SBFC Finance Limited IPO
The registrar for SBFC Finance Limited IPO is Kfin Technologies Limited. To check your allotment status, please click on this link https://kosmic.kfintech.com/ipostatus/
FAQs
- What is the SBFC Finance Limited IPO?
SBFC Finance Limited is going public with its initial public offering (IPO) soon. The finance company plans to raise around Rs 1200 crores, comprising a fresh issue worth Rs 750 crores and an offer for sale valued at Rs 450 crores.
- When will the SBFC Finance Limited IPO open?
The SBFC Finance Limited will open on Aug 3, 2023, and close on Aug 7, 2023.
- What is the price band for the SBFC Finance Limited IPO?
The price band is Rs 54 to Rs 57 per share. However, it has been noted that each share will have a face value of Rs 10.
- What are SBFC Finance Limited’s main services?
The company primarily offers secured MSME loans and loans against gold to its clients, which include entrepreneurs, small business owners, self-employed individuals, and salaried workers.
- How will the company use the proceeds from the IPO?
SBFC Finance intends to use the net proceeds to enhance its capital base, preparing it for future capital needs that could arise from business growth and asset expansion.
- What is the IPO issue type?
The issue type for the SBFC Finance IPO is a Book Built Issue IPO.
- Where will the IPO be listed?
The IPO will be listed on the BSE and NSE.
- Who are the lead managers for the SBFC Finance Limited IPO?
The lead managers are ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited.
- Who are the promoters of SBFC Finance Limited?
The promoters of the company include SBFC Holdings Pte. Ltd., Clermont Financial Pte. Ltd., Arpwood Partners Investment Advisors LLP, Arpwood Capital Private Limited, and Eight45 Services LLP.
- How can I apply for the SBFC Finance Limited IPO?
You can apply for the IPO once it opens for a subscription via this link: https://ipo.bonanzaonline.com/.
- How can I check my allotment status for the SBFC Finance Limited IPO?
You can check your allotment status through Kfin Technologies Limited, the registrar for the IPO, at this link: https://kosmic.kfintech.com/ipostatus/.