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IPO Status: Listed [3rd Aug 2023 to 7th Aug 2023]
SBFC Finance Limited is launching its IPO at NSE and BSE. This IPO is including both Fresh Issue size of worth Rs 600 Cr and OFS worth of Rs 425 Cr. You can apply in this IPO application from the subscription date of 03 Aug 2023 to 07 Aug 2023. The face value of each share is Rs 10. And offer price for each share is ranging from Rs 54 to Rs 57 along with the minimum shares of the lot size 260 shares or its multiples.
Keep visit this website to get updated information about IPO details of SBFC Finance Limited including company overview, financials, live subscription, allotment, GMP and more.
| IPO Issue Opening Date: | 3rd Aug 2023 |
| IPO Issue Closing Date: | 7th Aug 2023 |
| IPO Issue Price: | ₹54.00-57.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1025.00 Cr |
| Offer for Sale: | ₹425.00 Cr |
| Fresh Issue: | ₹600.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:2.00 |
| Promoter Holding Pre IPO: | 78.83% |
| Promoter Holding Post IPO: | 64.03% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543959 |
| NSE Code: | SBFC |
Get important updates regarding SBFC Finance IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Aug 2023 |
| Refunds Initiation* | 11th Aug 2023 |
| Credit of Shares to Demat* | 14th Aug 2023 |
| IPO Listing Date* | 16th Aug 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹54.00-57.00 |
| Market Lot: | 260 Shares |
| 1 Lot Amount: | ₹14820 |
| Min Small HNI Lots(2-10 Lakh): | 3640 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 17680 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-08-2023 | 57.00 | 26 | 5100/71400 | ₹83 (45.61%) | 16-Aug-2023 9:35 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
SBFC Finance Limited was established in 2008 and is a non-bank finance company (“NBFCND-SI”) offering secured MSME loans and gold loans. Majority of the borrowers are entrepreneurs, small business owners, self-employed, salaried and laborers. The Company has a presence across India and has an extensive network in its target customer segment. As of December 31, 2022, the company had 137 branches in 105 cities across 16 Indian states and two Union Territories. The geographically diversified distribution network, spanning across North, South, East and West India, enables us to reach underserved populations in the II and III cities of India.
Their entire loan portfolio is originated internally and benefits from their risk management framework. Drawing on their extensive operational experience, they have implemented rigorous credit quality reviews and tailored operating procedures that ensure comprehensive risk management at every stage. The bank focuses primarily on small businesses with monthly income of up to EUR 0.15 million and has a proven track record of servicing loans such as gold loans, two-wheeled vehicle loans
Technology is at the heart of the company, which has had a clearly defined strategy from the outset IT. The centralized real-time loan system is a digital platform for multiple products that enables mobile customer registration, paperless registration and faster loan processing. The mobile application also allows customers to manage existing and online loans. They have introduced "Leviosa"," a platform for loan origination and disbursement.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Financial Service | ₹1025.00 Cr | http://www.sbfc.com/ |
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.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 35,605,261 (28.15%) | 26,703,948 (21.11%) | 62,309,210 (49.26%) | 1,863,636 | 126,482,055 | |
| 1 | 3rd Aug 2023 19:04 | 0.03x | 4.37x | 2.22x | 1.19x | 2.05x |
| 2 | 4th Aug 2023 19:04 | 7.09x | 13.70x | 5.26x | 2.61x | 7.52x |
| 3 | 7th Aug 2023 19:04 | 203.61x | 51.82x | 11.60x | 6.21x | 74.06x |
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 4,207.99 | 4,231.19 | 4,515.03 | 5,746.44 |
| Revenue | 444.85 | 511.53 | 530.70 | 740.36 |
| Profit After Tax | 35.50 | 85.01 | 64.52 | 149.74 |
| Net Worth | 752.09 | 944.72 | 1,026.78 | 1,466.88 |
| Reserves and Surplus | ||||
| Total Borrowing | 3,056.38 | 2,772.55 | 2,948.82 | 3,745.83 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| SBFC Finance Limited | 1.71 | 1.62 | 19.26 | 9.93 | ||
| Aavas Financiers Ltd | 54.38 | 54.26 | 413.58 | 28.8 | 13.14 | |
| Home First Finance Company India Ltd | 26.01 | 25.2 | 206.48 | 31.12 | 12.56 | |
| Aptus Value Housing Finance India Ltd | 10.11 | 10.08 | 67.05 | 24.8 | 15.06 | |
| AU Small Finance Bank Ltd | 21.86 | 21.74 | 164.64 | 35.01 | 13.01 | |
| Five Star Business Finance Limited | 20.71 | 20.49 | 148.94 | 32.47 | 13.91 |
Last Updated on 20-Aug-2023 06:00:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase SBFC Finance IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply SBFC Finance IPO with Zerodha.
Alternate approch to apply in SBFC Finance IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
SBFC Finance IPO Review and Important Updates
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To subscribe or apply in SBFC Finance IPO, you can use the following methods:
| SBFC Finance IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in SBFC Finance IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in SBFC Finance IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in SBFC Finance IPO. Most of the Syndicate Banks provide access to apply in SBFC Finance IPO via ASBA process. You must have your net banking access, DP ID information to apply in SBFC Finance IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in SBFC Finance IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
SBFC Finance IPO Review and Important Updates
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Applying in SBFC Finance IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download SBFC Finance IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply SBFC Finance IPO, please refer article >> Link
SBFC Finance IPO Review and Important Updates
Steps to download the online application form for SBFC Finance IPO
Or
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SBFC Finance IPO is going to be list on 16-08-2023. NSE Code for SBFC Finance is SBFC. BSE Code for SBFC Finance is 543959.
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SBFC Finance IPO Allotment Date is 10-08-2023.
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SBFC Finance IPO share allotment date?SBFC Finance IPO allotment date?
