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.
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.
| IPO Opening Date | Aug 3, 2023 | |
|---|---|---|
| IPO Closing Date | Aug 7, 2023 | |
| Issue Type | Book Built Issue IPO | |
| Face Value | ₹10 per share | |
| IPO Price | ₹54 to ₹57 per share | To be announced |
| Market Lot | 260 Shares | |
| Min Order Quantity | 260 Shares | |
| Listing At | BSE, NSE | |
| 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 | |
| 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 |
| Basis of Allotment Date | 10 August 2023 |
|---|---|
| Initiation of Refunds | 11 August 2023 |
| Credit of Shares to Demat Account | 14 August 2023 |
| IPO Listing Date | 16 August 2023 |
SBFC Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,025.00 Crores. The issue is priced at ₹54 to ₹57 per share. The minimum order quantity is 260 Shares.
The IPO opens on Aug 3, 2023, and closes on Aug 7, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The SBFC Finance IPO opens on Aug 3, 2023 and closes on Aug 7, 2023.
SBFC Finance IPO lot size is 260 Shares.
You can apply in SBFC Finance IPO online using either UPI or ASBA as 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.
The finalization of Basis of Allotment for SBFC Finance IPO will be done on Thursday, 10 August 2023, and the allotted shares will be credited to your demat account by Monday, 14 August 2023.
Check the IPO allotment status.
The SBFC Finance IPO listing date is 16 August 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the SBFC Finance IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
