Everything you need to know about the SBFC Finance Limited IPO

SBFC Finance Limited (SBFC) is a systemically important, non-deposit taking non-banking finance company (NBFC-ND-SI) that offers secured MSME Loans and Loans against Gold to entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals.

Among MSME-focused NBFCs in India, it has had one of the highest AUM growth, at a CAGR of 44% from 2019 to 2023. They serve a large number of customers in tier II and tier III cities by focusing on customers who have a strong credit history but may lack formal proof of income documents. They do this via 152 branches in 120 Indian cities in 16 states and 2 UTs.

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.

Financial Snapshot (Rs in Cr)

Period Ended Total revenue PAT Total Assets
March 31, 2023 740.36 149.74 5746.44
March 31, 2022 530.70 64.52 4513.03
March 31, 2021 511.53 85.01 4231.19
March 31, 2020 444.85 35.50 4207.99

For more information, you can check the IPO Prospectus filed by the company :point_down:

Important information regarding the IPO

Issue Period 3rd August -7th August 2023
Price Band ₹ 54-57
Minimum Bid Quantity 260 and multiples thereof
Face Value ₹ 10
Number of Shares Not specified yet
Issue size ₹1,025 Cr
Date of Allotment 10th August, 2023
Initiation of Refund 11th August, 2023
Credit of shares 14th August, 2023
Date of Listing 16th August, 2023
Mandate end date 22nd August, 2023
Anchor Investors Lock-in End Date 7th September, 2023

How do I apply for SBFC Finance Limited IPO?

You can apply for it using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for SBFC Finance Limited IPO?

You can check the allotment status on the website of the Registrar and Transfer agent .

Alternatively, you can also check the allotment status on the NSE website .