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SBFC Finance IPO is a book build issue of ₹1,025.00 crores. The issue is a combination of fresh issue of 10.53 crore shares aggregating to ₹600.09 crores and offer for sale of 7.46 crore shares aggregating to ₹424.91 crores.
SBFC Finance IPO bidding started from Aug 3, 2023 and ended on Aug 7, 2023. The allotment for SBFC Finance IPO was finalized on Aug 10, 2023. The shares got listed on BSE, NSE on Aug 16, 2023.
SBFC Finance IPO price band is set at ₹57.00 per share . The lot size for an application is 260. The minimum amount of investment required by an retail is ₹14,040 (260 shares). The lot size investment for sNII is 14 lots (3,640 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (17,680 shares), amounting to ₹10,07,760.
The issue includes a reservation of up to 18,63,636 shares for employees offered at a discount of ₹2.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to SBFC Finance IPO RHP for detailed Information.
| IPO Date | August 3, 2023 to August 7, 2023 |
| Listing Date | August 16, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹54 to ₹57 per share |
| Issue Price Final | ₹57 per share |
| Lot Size | 260 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 17,98,63,285 shares (aggregating up to ₹1,025.00 Cr) |
| Fresh Issue | 10,53,01,883 shares (aggregating up to ₹600.09 Cr) |
| Offer for Sale | 7,45,61,402 shares of ₹10 (aggregating up to ₹424.91 Cr) |
| Employee Discount | ₹2.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 95,89,08,906 shares |
| Share Holding Post Issue | 1,06,42,37,454 shares |
SBFC Finance IPO offers total 17,98,89,950 shares. Out of which 8,90,13,156 (49.48%) allocated to QIB, 3,56,05,263 (19.79%) allocated to QIB, 2,67,03,948 (14.84%) allocated to NII, 6,23,09,210 (34.64%) allocated to RII and 5,34,07,893 (29.69%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 8,90,13,156 (49.48%) | NA |
| − Anchor Investor Shares Offered | 5,34,07,893 (29.69%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,56,05,263 (19.79%) | NA |
| NII (HNI) Shares Offered | 2,67,03,948 (14.84%) | NA |
| − bNII > ₹10L | 1,78,02,632 (9.90%) | 4,890 |
| − sNII < ₹10L | 89,01,316 (4.95%) | 2,445 |
| Retail Shares Offered | 6,23,09,210 (34.64%) | 2,39,650 |
| Employee Shares Offered | 18,63,636 (1.04%) | NA |
| Total Shares Offered | 17,98,89,950 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
SBFC Finance IPO raises ₹304.42 crore from anchor investors. SBFC Finance IPO Anchor bid date is August 2, 2023. SBFC Finance IPO Anchor Investors list
| Bid Date | August 2, 2023 |
| Shares Offered | 5,34,07,893 |
| Anchor Portion Size (In Cr.) | 304.42 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 8, 2023 |
SBFC Finance IPO opens on August 3, 2023, and closes on August 7, 2023.
| IPO Open Date | Thu, Aug 3, 2023 |
| IPO Close Date | Mon, Aug 7, 2023 |
| Tentative Allotment | Thu, Aug 10, 2023 |
| Initiation of Refunds | Fri, Aug 11, 2023 |
| Credit of Shares to Demat | Mon, Aug 14, 2023 |
| Tentative Listing Date | Wed, Aug 16, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 7, 2023 |
Investors can bid for a minimum of 260 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 260 | ₹14,820 |
| Retail (Max) | 13 | 3,380 | ₹1,92,660 |
| S-HNI (Min) | 14 | 3,640 | ₹2,07,480 |
| S-HNI (Max) | 67 | 17,420 | ₹9,92,940 |
| B-HNI (Min) | 68 | 17,680 | ₹10,07,760 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 |
| Total Income | 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 market capitalization of SBFC Finance IPO is ₹6065.78 Cr.
| KPI | Values |
|---|---|
| ROE | 9.93% |
| Debt/Equity | 2.20 |
| RoNW | 7.97% |
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.
[Dilip Davda] Of late we have media reports of MSME loans turning NPAs for financiers, however, this company has shown a decline in its NPAs over the past three fiscals. But with rising competition, and RBI's frequently changing monetary policies, the company may suffer going forward as it has already marked a decline in its NIM for the last three fiscals. Based on its FY23 earnings, the IPO appears aggressively priced compared to its peers. Only well-informed/cash surplus/ risk seeker investors may park funds for the medium to long term in this costly IPO. Read detail review...
| Listing Date | August 16, 2023 |
| BSE Script Code | 543959 |
| NSE Symbol | SBFC |
| ISIN | INE423Y01016 |
| Final Issue Price | ₹57 per share |
| BSE Listing Group | B |
SBFC Finance Ltd.
103, 1st Floor, C&B Square, Sangam Complex,
Andheri Kurla Road, Village Chakala,
Andheri (East), Mumbai - 400 059
Andheri, Maharashtra
Phone: 022 6787 5344
Email: complianceofficer@sbfc.com
Website: http://www.sbfc.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: Sbfc.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
SBFC Finance IPO is a main-board IPO of 17,98,63,285 equity shares of the face value of ₹10 aggregating up to ₹1,025.00 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 260.
The IPO opens on August 3, 2023, and closes on August 7, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SBFC Finance IPO using UPI as a payment gateway. Zerodha customers can apply in SBFC Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SBFC Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SBFC Finance IPO opens on August 3, 2023 and closes on August 7, 2023.
SBFC Finance IPO lot size is 260, and the minimum amount required for application is ₹14,820.
You can apply in SBFC Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SBFC Finance IPO will be done on Thursday, August 10, 2023, and the allotted shares will be credited to your demat account by Monday, August 14, 2023. Check the SBFC Finance IPO allotment status.
The SBFC Finance IPO listing date is on Wednesday, August 16, 2023.
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