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SBFC Finance IPO GMP, Price, Dates & Allotment Details 2023

SBFC Finance IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The SBFC Finance IPO will open on August 3 and close on August 7, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 1,025 crores through this public issue.

SBFC Finance Limited (“the Company”)

SBFC Finance Limited is a systemically important, non-deposit-taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried individuals, and working-class individuals.

The company has a diversified pan-India presence and an extensive network in its target customer segment. As of December 31, 2022, They had an expansive footprint in 105 cities, spanning 16 Indian states and two union territories, with 137 branches. Its geographically diverse distribution network spread across the North, South, East, and West zones allows it to penetrate underbanked populations in tier II and tier III cities in India.

Noteworthy Highlight

  1. Among MSME-focused NBFCs in India, They have one of the highest assets under management (“AUM”) growth rates, at a CAGR of 40% in the period from Fiscal 2019 to Fiscal 2022. (Source: CRISIL Report)
  2. The company has also witnessed robust disbursement growth, at a CAGR of 39% between Fiscal 2019 and Fiscal 2022. (Source: CRISIL Report)

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

Towards augmenting the Company’s capital base to meet their future capital requirements arising out of the growth of the business and assets.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Net Worth1,4671,027945752
Total Assets5,7464,5154,2314,208
Total Borrowings3,7462,9492,7563,056
Total Revenue740531512445
Profit After Tax150658536
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 54 to ₹ 57 per share
Employee Discount₹ 2 per share
Face Value₹ 10 per share
Market Lot260 shares
Issue Size[.] shares (aggregating up to ₹ 1,025 crores)
Fresh Issue[.] shares (aggregating up to ₹ 600 crores)
Offer for Sale[.] shares (aggregating up to ₹ 425 crores)
Listing AtNSE, BSE

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net issue
NII (HNI) shares offeredNot less than 15% of the net Issue
Retail shares offeredNot less than 35% of the net Issue

GMP: SBFC Finance IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: SBFC Finance IPO

The issue opens for subscription on August 3, 2023, and closes for subscription on August 7, 2023 (both days inclusive). The basis of allotment will be finalised on August 10, 2023, and the refunds will be initiated on August 11, 2023. In addition, the demat credits are expected to happen on August 14, 2023, and the stock will be listed on the NSE and BSE on August 16, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateAugust 3, 2023,
Closing DateAugust 7, 2023
Basis of AllotmentAugust 10, 2023
Initiation of RefundsAugust 11, 2023
A credit of shares to Demat A/cAugust 14, 2023
Listing DateAugust 16, 2023

Lot Size

The lot size of the SBFC Finance IPO is 260 shares. A retail-individual investor can apply for up to 13 lots, i.e. 3,380 shares of ₹ 192,660.

ApplicationsLotsSharesAmount 
Retail (Minimum)1260₹ 14,820
Retail (Maximum)133,380₹ 192,660
S-HNI (Minimum)143,640₹ 207,480
S-HNI (Maximum)6717,420₹ 992,940
H-HNI (Minimum)6817,680₹ 1,007,760

Promoters Holdings 

SBFC Holdings Pte. Ltd., Clermont Financial Pte. Ltd., Arpwood Partners Investment Advisors LLP, Arpwood Capital Private Limited, and Eight45 Services LLP are the promoters of the company.

Pre-issue Shares Holdings78.83%
Post-issue Shares Holdings64.03%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationSBFC Finance Limited
103, 1st Floor, C&B Square, Sangam Complex, Andheri Kurla Road,
Village Chakala, Andheri (East), Mumbai – 400 059
Phone: 022 6787 5344
Email: [email protected]
Website: http://www.sbfc.com/
IPO RegistrarKFIN Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Manager(s)1. ICICI Securities Limited
2. Axis Capital Limited 
3. Kotak Mahindra Capital Company Limited 

FAQs

The finalisation of the basis of allotment for the SBFC Finance IPO will be done on August 10, 2023, and the allotted shares will be credited to your demat account by August 14, 2023. Check the SBFC Finance IPO allotment status.

The SBFC Finance IPO shares listing date is August 16, 2023.

Click here for more FAQs.

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