SBFC Finance Ltd
Price Range
₹54 - ₹57
Min. Quantity
260
Closes on
7 August 2023
Min. investment
₹14,820/3,380 Shares
SBFC Finance Ltd IPO Timeline
SBFC Finance Limited was originally incorporated on January 25, 2008 as a Private Limited Company with the name, MAPE Finserve Private Limited', issued by the Registrar of Companies, Maharashtra at Mumbai. The Board approved the change in the name of Company from MAPE Finserve Private Limited' to Small Business Fincredit India Private Limited' dated July 3, 2017. Thereafter, the name was changed from Small Business Fincredit India Private Limited' to SBFC Finance Private Limited' dated October 24, 2019. Subsequently, the status of the Company converted into a Public Limited Company and the name was changed from SBFC Finance Private Limited' to SBFC Finance Limited' vide fresh Certificate of Incorporation dated September 30, 2022 issued by the RoC.
| Event | Date |
|---|---|
| SBFC Finance Ltd IPO Opening Date | 3 August 2023 |
| SBFC Finance Ltd IPO Closing Date | 7 August 2023 |
| Basis of Allotment | 10 August 2023 |
| Initiation of Refunds | 11 August 2023 |
| Credit of Shares to Demat | 14 August 2023 |
| SBFC Finance Ltd IPO Listing Date | 16 August 2023 |
SBFC Finance Ltd IPO Details
| SBFC Finance Ltd IPO Date | 3 August 2023 to 7 August 2023 |
| SBFC Finance Ltd IPO Face Value | ₹10 per share |
| SBFC Finance Ltd IPO Price | ₹54 to ₹57 per share |
| SBFC Finance Ltd IPO Lot Size | 260 |
| Issue Size | Shares of ₹10 (aggregating up to ₹1,025 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹600 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹425 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 3,75,83,331 of the Net Offer |
| Retail Shares Offered | Not less than 6,57,70,833 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 2,81,87,500 of the Net Offer |
| Company Promoters | SBFC Holdings Pte Ltd, Clermonte Financial Pte Ltd, Arpwood Partners Investment Ad |
SBFC Finance Ltd IPO Lot Size
The SBFC Finance Ltd IPO lot size is 260 shares. A retail-individual investor can apply for up to 13 lots (3,380 shares or ₹1,92,660).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 260 | ₹14,820 |
| Maximum | 13 | 3,380 | ₹1,92,660 |
- Strengths
- Risks
- Opportunities
- Diversified pan-India presence with an extensive network to cater to its target customer segment;
- 100% in-house sourcing, leading to superior business outcomes;
- Comprehensive credit assessment, underwriting and risk management framework;
- Extensive on-ground collections infrastructure leading to maintenance of robust asset quality;
- Healthy liability franchise with low cost of funds;
- Consistent financial performance backed by profitable growth;
- Experienced, cycle-tested and professional management team with good corporate governance backed by marquee investors.
Company Financials
SBFC Finance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 7,062.97 | 1,019.82 | 237.02 |
| 03-2023 | 5,746.51 | 740.36 | 149.80 |
| 03-2022 | 4,515.03 | 530.7 | 64.52 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
SBFC Finance Ltd IPO Promoter Holding
| Pre Issue Share Holding | 64.95% |
| Post Issue Share Holding | 58.52% |
SBFC Finance Ltd IPO Subscription Status (Bidding Detail)
The SBFC Finance Ltd IPO is subscribed 70.16 times on 7 August 2023 05:00:00 PM. The public issue subscribed 10.99 times in the retail category, 192.9 times in the QIB category, and 49.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 192.9 | 49.09 | 10.99 | 5.87 | 70.16 |
SBFC Finance Ltd IPO Prospectus
SBFC Finance Ltd IPO Listing Date
| Listing Date | 16 August 2023 |
| BSE Script | 543959 |
| NSE Symbol | SBFC |
| Listing In | BSE, NSE |
| ISIN | INE423Y01016 |
| IPO Price | ₹57 |
| Face Value | ₹10 |
Company Contact Information
103 1stFr C&B SquareSangamCompAndheri Kurla Road Vil-Chakala,Mumbai-400059
Phone: 91-22-67875344
Email: complianceofficer@sbfc.com
Website: www.sbfc.com
SBFC Finance Ltd IPO Registrar
SBFC Finance Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Axis Capital Ltd
- Kotak Mahindra Capital Company Ltd
FAQ
What is the issue size of SBFC Finance Ltd IPO?
I have pre-applied for SBFC Finance Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.