SBFC Finance Limited, founded in 2008, is a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI). The company’s major customer base consists of entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals.
SBFC offers Secured MSME Loans and Loans against Gold as its services.
SBFC Finance primarily serves entrepreneurs and small business owners who are neglected or unserved by traditional financing institutions such as banks. When providing financial aid in the form of loans, several variables are considered. SBFC Finance provides its services to help entrepreneurs meet their financial needs and prosper.
Through its wide network, the company has a diverse pan-India reach. SBFC Finance had a presence in over 105 cities across 16 Indian states and two union territories as of December 31, 2022. They currently have 137 locations.
SBFC Finance IPO Details
IPO Date | Aug 3, 2023 to Aug 7, 2023 |
Listing Date | [.] |
Face Value | Rs 10 per share |
Price | Rs 54 to Rs 57 per share |
Lot Size | 260 Shares |
Total Issue Size | [.] shares (aggregating up to Rs 1,025.00 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹600.00 Cr) |
Offer for Sale | [.] shares of ₹10 (aggregating up to Rs 425.00 Cr) |
Employee Discount | Rs 2 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
SBFC Finance IPO Timetable
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
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 260 | Rs 14,820 |
Retail (Max) | 13 | 3380 | Rs 192,660 |
S-HNI (Min) | 14 | 3,640 | Rs 207,480 |
S-HNI (Max) | 67 | 17,420 | Rs 992,940 |
B-HNI (Min) | 68 | 17,680 | Rs 1,007,760 |