SBFC FINANCE LIMITED
₹ 54 - ₹ 57
03-Aug-2023 - 07-Aug-2023
₹ 14820.00

/ 260 Shares

SBFC FINANCE LIMITED

03-Aug-2023 - 07-Aug-2023

₹ 54 - ₹ 57

Price Band

₹ 14820.00

Minimum Investment

260

Bid Lot

178,026,314

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 239,650 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 600 Crore and Offer for Sale of Equity shares aggregating upto Rs. 425 Cr

Category % Shares/Amount
QIB 50% 89,013,156 Shares Rs. 507.37 Cr
HNI 1 5% 8,901,316 Shares Rs. 50.74 Cr @ 2445 Form 1x
HNI 2 10% 17,802,632 Shares Rs. 101.47 Cr @ 4891 Form 1x
Retail 35% 62,309,210 Shares Rs. 355.16 Cr @ 239651 Form 1x
Employee 0% 1,863,636 Shares Rs. 10.25 Cr

BRLMs: Axis Capital, ICICI Securities, Kotak Mahindra Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
239651 Form 1x 2445 Form 1x 4891 Form 1x

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 260 ₹ 14,820
Retail (Upto 2 Lakh) 13 3380 ₹ 192,660
S-HNI (2 Lakh to 10 Lakh) 14 3640 ₹ 207,480
S-HNI (2 Lakh to 10 Lakh) 67 17420 ₹ 992,940
B-HNI (Above 10 Lakh) 68 17680 ₹ 1,007,760

IPO Timeline

  • Open Date

    03-Aug-2023

  • Close Date

    07-Aug-2023

  • Basis of Allotment Date

    10-Aug-2023

  • Initiation of Refunds

    11-Aug-2023

  • Credit Shares to Demat A/c

    14-Aug-2023

  • IPO Listing Date

    16-Aug-2023

Subscription as on
07-Aug-2023 19:30

Category Book Size Subscription No. of Times
QIB 35,605,263 ₹ 202.95 Cr. 3,085,745,260 ₹ 17588.75 Cr. 86.67x
HNI (<10 LAKH) 8,901,316 ₹ 50.74 Cr. 230,879,220 ₹ 1316.01 Cr. 25.94x
HNI2 (>10 LAKH) 17,802,632 ₹ 101.48 Cr. 503,504,820 ₹ 2869.98 Cr. 28.28x
RETAIL 62,309,210 ₹ 355.16 Cr. 513,147,700 ₹ 2924.94 Cr. 8.24x
Total 124,618,421 4,333,277,000 34.77x
Category Book Size Subscription No. of Times
QIB 35,605,263 ₹ 202.95 Cr. 3,085,745,260 ₹ 17588.75 Cr. 86.67x
HNI (<10 LAKH) 8,901,316 ₹ 50.74 Cr. 230,879,220 ₹ 1316.01 Cr. 25.94x
HNI2 (>10 LAKH) 17,802,632 ₹ 101.48 Cr. 503,504,820 ₹ 2869.98 Cr. 28.28x
RETAIL 62,309,210 ₹ 355.16 Cr. 513,147,700 ₹ 2924.94 Cr. 8.24x
Total 124,618,421 4,333,277,000 34.77x

*Excluding Anchor

Total No. of Application Approx : ~2348470 (9.80 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • SBFC Finance Limited (“SBFC”) was incorporated on January 25, 2008. SBFC Holdings Pte. Ltd., Clermont Financial Pte. Ltd. (together, “Clermont Group”), Arpwood Capital Pvt Ltd, Arpwood Partners Investment Advisors LLP and Eight45 Services LLP (together, “Arpwood Group”) are the corporate promoters of the company.  
  • SBFC is a systematically important, non-deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of their borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals. 
  • Among MSME-focused NBFCs in India, SBFC has one of the highest assets under management (“AUM”) growth, at a CAGR of 44% in the period from Fiscal 2019 to Fiscal 2023 and also witnessed robust disbursement growth, at a CAGR of 40% between Fiscal 2019 and Fiscal 2023. 
  • SBFC has a diversified pan-India presence, with an extensive network in their target customer segment. As of March 31, 2023, they have an expansive footprint in 120 cities, spanning 16 Indian states and 2 union territories, with 152 branches. 
  • Their AUM is diversified across India, with 30.84% in the North, 38.53% in the South and 30.63% in the West and East collectively, as of March 31, 2023. 
  • As of Marh 31, 2023, approximately 89.49% of their Secured MSME Loan collections and 90.92% of the unsecured loan collections were non-cash-based EMI collections, thus reducing their cash management risk, and enabling customers to receive real-time payment receipts through SMS. 
  • Their mobile application also enables customers to manage existing loans, in addition to servicing loans online. They have introduced ‘Leviosa’, a loan origination platform capable of on boarding and disbursing loans. For their Loan against Gold portfolio, they have set up a dedicated ‘Gold Genie’ sales application, enabling gold loan disbursal at a customer’s home. 
  • Their collection services are aided by a mobile application ‘Delta’ and a web application ‘Omega’, which are collections applications providing a priority list of overdue customers to the collection team in real-time.
Read More

Strengths

 

  • Diversified pan-India presence with an extensive network:
  • 100% in-house sourcing, leading to superior business outcomes;
  • Comprehensive credit assessment, underwriting and risk management framework;
  • Extensive on-ground collections infrastructure leading to maintenance of robust asset quality;
  • Healthy liability franchise with low cost of funds;
  • Consistent financial performance backed by profitable growth;
  • Experienced, cycle-tested and professional management team with strong corporate governance.
  • Leverage the pan-India network to deepen the penetration in the target customer segment;
  • Expand the product portfolio through offering affordable housing finance to the target customer segment, utilising the existing network;
  • Diversify the source of borrowings and improve operating leverage;
  • Utilize technology to drive operational efficiency.

Company Promoters

Neeraj Swaroop is an Independent Director and Chairperson of the Board. Aseem Dhru is the Managing Director and Chief Executive Officer of the company. Amol Jain is the Non-Executive Nominee Director of the company. Arjun Sakhuja is the Non-Executive Nominee Director of the company and employee of Clermont Group. John Mescall is the Non-Executive Nominee Director of the company and employee of Clermont Group. Jonathan Tadeusz Tatur is the Non-Executive Nominee Director of the company and em

Company Financials

SBFC Finance IPO Financial Information (Restated)
Period Ended 31 Mar 2020 31 Mar 2021 31 Mar 2022 31 Dec 2022 31 Mar 2023
Assets 4,207.99 4,231.19 4,515.03 5,334.82 5,746.44
Revenue 444.85 511.53 530.70 531.69 740.36
Profit After Tax 35.50 85.01 64.52 107.03 149.74
Net Worth 752.09 944.72 1,026.78 1,421.63 1,466.88
Reserves and Surplus          
Total Borrowing 3,056.38 2,772.55 2,948.82 3,409.48 3,745.83

Amount in ? Crore

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.

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  • Step 03 :

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  • Step 05 :

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