SBFC Finance Limited IPO: All Details

Incorporated in 2008, SBFC Finance Limited operates as a significant financial institution categorized as a systemically important Non-Banking Finance Company (NBFC-ND-SI) that doesn’t engage in deposit-taking activities. The primary focus of the company is to cater to entrepreneurs, small business proprietors, self-employed individuals, and salaried or working-class individuals.

SBFC offers its services in the form of loans tailored for Micro, Small, and Medium Enterprises (MSMEs) with collateral, as well as loans backed by gold assets.

SBFC Finance aims to provide financial support to entrepreneurs and small business owners who often lack access to traditional financial services offered by banks. Several factors are carefully considered when providing financial assistance in the form of loans. The company’s objective is to empower entrepreneurs to meet their financial needs and thrive in their ventures.

The company has established a widespread presence across India through an extensive network. By December 31, 2022, SBFC Finance had established itself in more than 105 cities across 16 Indian states and two union territories, currently maintaining a network of 137 branches.

Details of SBFC Finance IPO:

  • Type of Issue: Book Built Issue
  • Total Issue Size: ₹1,025.00 Crores
  • Price Range: ₹54 to ₹57 per share
  • Listing Exchanges: BSE, NSE

The IPO is scheduled to open for subscription from August 3, 2023, to August 7, 2023, with the listing set for August 16, 2023.

Investors can participate in the IPO with a minimum lot size of 260 shares, requiring an investment of ₹14,820.

The IPO also involves various reservation categories:

  • Qualified Institutional Buyers (QIB): 28.15%
  • Retail Individual Investors (RII): 49.26%
  • Non-Institutional Investors (NII): 21.11%
  • Employees: 1.47%

SBFC Finance IPO’s timetable is as follows:

  • Opening Date: August 3, 2023
  • Closing Date: August 7, 2023
  • Basis of Allotment: August 10, 2023
  • Refund Initiation: August 11, 2023
  • Shares Credited to Demat: August 14, 2023
  • Listing Date: August 16, 2023

For further information, including financial performance, objectives of the IPO, and subscription status, individuals can visit SBFC Finance’s official website. The registrar for the IPO is Kfin Technologies Limited.

1 thought on “SBFC Finance Limited IPO: All Details”

Leave a Comment

Your email address will not be published. Required fields are marked *