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.
SBFC Finance IPO Details
SBFC Finance IPO is a Book Built Issue. The IPO total issue size is Rs 1,025.00 Cr. The SBFC Finance IPO price is ₹54 to ₹57 per share. The IPO will list on BSE, NSE.
| IPO Date | Aug 3, 2023 to Aug 7, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹54 to ₹57 per share |
| Lot Size | 260 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,025.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹425.00 Cr) |
| Employee Discount | Rs 2 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 958,908,906 |
SBFC Finance IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
SBFC Finance IPO Timetable (Tentative)
SBFC Finance IPO opens on Aug 3, 2023, and closes on Aug 7, 2023.
| IPO Open Date | Thursday, 3 August 2023 |
| IPO Close Date | Monday, 7 August 2023 |
| Basis of Allotment | Thursday, 10 August 2023 |
| Initiation of Refunds | Friday, 11 August 2023 |
| Credit of Shares to Demat | Monday, 14 August 2023 |
| Listing Date | Wednesday, 16 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 7, 2023 |
SBFC Finance IPO Lot Size
The minimum lot size of this SBFC Finance IPO is 260 shares required is ₹14,820.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 260 | ₹14,820 |
| Retail (Max) | 13 | 3380 | ₹192,660 |
| S-HNI (Min) | 14 | 3,640 | ₹207,480 |
| S-HNI (Max) | 67 | 17,420 | ₹992,940 |
| B-HNI (Min) | 68 | 17,680 | ₹1,007,760 |
| Lot Size Calculator |
SBFC Finance IPO Promoter Holding
SBFC Holdings Pte. Ltd., Clermont Financial Pte. Ltd., Arpwood Partners Investment Advisors LLP, Arpwood Capital Private Limited and Eight45 Services LLP are the company promoters.
| Pre Issue Share Holding | 78.83% |
| Post Issue Share Holding | 64.03% |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Dec 2022 | 31 Mar 2023 |
| Assets | 4,207.99 | 4,231.19 | 4,515.03 | 5,334.82 | 5,746.44 |
| Revenue | 444.85 | 511.53 | 530.70 | 531.69 | 740.36 |
| Profit After Tax | 35.50 | 85.01 | 64.52 | 107.03 | 149.74 |
| Net Worth | 752.09 | 944.72 | 1,026.78 | 1,421.63 | 1,466.88 |
| Reserves and Surplus | |||||
| Total Borrowing | 3,056.38 | 2,772.55 | 2,948.82 | 3,409.48 | 3,745.83 |
Amount in ₹ Crore
Key Performance Indicator
SBFC Finance IPO Market Cap is Rs 6065.78 Cr and P/E (x) is 40.42.
| KPI | Values |
|---|---|
| P/E (x) | 40.42 |
| Market Cap (₹ Cr.) | 6065.78 |
| ROE | 9.93% |
| RoNW | 9.93% |
Check SBFC Finance IPO Peer Comparison here.
Objects of the Issue
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.
SBFC Finance IPO Review (May apply)
[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…
SBFC Finance IPO Prospectus
Company Contact Information
SBFC 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: complianceofficer@sbfc.com
Website: http://www.sbfc.com/
SBFC Finance IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: Sbfc.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/