SBFC Finance Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a book-built issue. The IPO is scheduled to run from August 03 to August 07, 2023, with a share price range of ₹54 to ₹57. Investors can participate with a minimum order of 260 shares.
The IPO will comprise shares with a face value of Rs. 10 each, potentially raising funds of up to ₹1025 crore for SBFC Finance Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About SBFC Finance Limited
Established in 2008, SBFC Finance Limited is a significant Non-Banking Finance Company (NBFC-ND-SI), classified as systemically important and non-deposit-taking. The company primarily caters to a diverse customer base, including entrepreneurs, small business owners, self-employed individuals, and working-class individuals.
SBFC Finance specializes in providing Secured MSME Loans and Loans against Gold. Its core focus is on serving entrepreneurs and small business owners who often face limited access to financial services from traditional institutions like banks. The company carefully considers various factors while offering loans to ensure that entrepreneurs can meet their financial needs and thrive. With a well-established presence across India, SBFC Finance operates in over 105 cities across 16 states and two union territories, boasting a network of 137 branches as of December 31, 2022.
SBFC Finance Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 3rd August 2023 |
| Issue Closes | 7th August 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 54 to Rs 57 Per Share |
| Issue Size | Rs 1025 crores |
| Minimum Order Quantity | 260 Shares |
| Listing | NSE, BSE |
Purpose 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 Limited — Company Contact Details
- Registered & Corporate Office: 103, 1st Floor, C&B Square, Sangam Complex, Andheri Kurla Road, Village Chakala, Andheri (East), Mumbai – 400 059
- Telephone: 022 6787 5344
- Website: http://www.sbfc.com/
SBFC Finance Limited IPO – Lead Managers of the Issue
Icici Securities Limited
- Office Address: ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai 400 020
- Telephone: +91 22 6637 7178
- Email: subir.saha@icicisecurities.com
Axis Capital Limited
- Office Address: 1st Floor, Axis House, C-2 Wadia International Centre, P.B. Marg, Worli, Mumbai 400 025
- Telephone: +91 22 4325 2183
- Email: complaints@axiscap.in
Kotak Mahindra Capital Company Limited
- Office Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra(E), Mumbai 400051
- Telephone: +91-22-4336 0000
- Email: ajay.vaidya@kotak.com
SBFC Finance Limited IPO – Registrar of the Issue
Kfin Technologies Limited
- Telephone: 04067162222, 04079611000
- Email: Sbfc.ipo@kfintech.com
- Website: https://kosmic.kfintech.com/ipostatus/
SBFC Finance Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
