Bookbuilding IPO | ₹1,025 Cr | Listed at BSE, NSE | Thu, Aug 3, 2023 - Mon, Aug 7, 2023
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 per share. The lot size for an application is 260. The minimum amount of investment required by an retail is ₹14,820 (260 shares) (based on upper price). 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 Open
Thu, Aug 3, 2023
IPO Close
Mon, Aug 7, 2023
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹6,065.78 Cr
| IPO Date | 3 to 7 Aug, 2023 |
| Listed on | Wed, Aug 16, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹54 to ₹57 |
| Issue Price | ₹57 per share |
| Lot Size | 260 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹2.00 |
| Total Issue Size | 17,98,63,285 shares (agg. up to ₹1,025 Cr) |
| Fresh Issue | 10,53,01,883 shares (agg. up to ₹600 Cr) |
| Offer for Sale | 7,45,61,402 shares of ₹10 (agg. up to ₹425 Cr) |
| Share Holding Pre Issue | 95,89,08,906 shares |
| Share Holding Post Issue | 1,06,42,37,454 shares |
| BSE Script Code / NSE Symbol | 543959 / SBFC |
| ISIN | INE423Y01016 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 260 shares and in multiples thereof.
| 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 |
SBFC Finance IPO raises ₹304.42 crore from anchor investors. SBFC Finance IPO Anchor bid date is August 2, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Aug 2, 2023 |
| Shares Offered | 5,34,07,893 |
| Anchor Portion (₹ Cr.) | 304.42 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Sep 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 8, 2023 |
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 5,746.44 | 4,515.03 | 4,231.19 | 4,207.99 |
| Total Income | 740.36 | 530.70 | 511.53 | 444.85 |
| Profit After Tax | 149.74 | 64.52 | 85.01 | 35.50 |
| NET Worth | 1,466.88 | 1,026.78 | 944.72 | 752.09 |
| Total Borrowing | 3,745.83 | 2,948.82 | 2,772.55 | 3,056.38 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meet the future capital requirements arising out of the growth of the business and assets. | 559.08 |
| KPI | |
|---|---|
| ROE | 9.93% |
| Debt/Equity | 2.20 |
| RoNW | 7.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.25 | |
| P/E (x) | 40.42 | |
| Promoter Holding | 78.83% | 64.03% |
| Market Cap | ₹6,065.78 Cr. |
The SBFC Finance IPO is subscribed 74.06 times on August 7, 2023 7:02:00 PM (Day 3). The public issue subscribed 11.6 times in the retail category, 203.61 times in the QIB category, and 51.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 203.61 | 3,56,05,261 | 7,24,96,36,160 |
| NII | 51.82 | 2,67,03,948 | 1,38,37,71,480 |
| bNII (bids above ₹10L) | 56.69 | 1,78,02,632 | 1,00,92,67,740 |
| sNII (bids below ₹10L) | 42.07 | 89,01,316 | 37,45,03,740 |
| Retail | 11.6 | 6,23,09,210 | 72,26,80,140 |
| Employee | 6.21 | 18,63,636 | 1,15,75,460 |
| Total | 74.06 | 12,64,82,055 | 9,36,76,63,240 |
Total Application : 24,29,631
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission, if any)* | 33.14 |
| 2 | Commission/processing fee for SCSBs, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, RTAs and CDP | 6.75 |
| 3 | Fees payable to the Registrar to the Offer | 0.57 |
| 4 | Other expenses: (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses (ii) Printing and stationery expenses (iii) Advertising and marketing expenses (iv) Fees payable to auditors/other advisors to the Offer a. Statutory Auditors; b. Independent Chartered Account c. Industry expert. (v) Miscellaneous, if any | 30.88 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹57.00 | ₹57.00 |
| Open | ₹81.99 | ₹82.00 |
| Low | ₹81.99 | ₹82.00 |
| High | ₹95.30 | ₹95.45 |
| Last Trade | ₹92.21 | ₹92.20 |
Lead Manager Reports
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 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 260.
The IPO opens on Thu, Aug 3, 2023, and closes on Mon, Aug 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 Thu, Aug 3, 2023 and closes on Mon, Aug 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 Mon, Aug 14, 2023. Check the SBFC Finance IPO allotment status.
The SBFC Finance IPO listing date is on Wed, Aug 16, 2023.
