The SBFC Finance IPO started on August 03, 2023, and ended on August 07, 2023. Shares were allocated on August 10, 2023, and refund processes began on August 11, 2023. On August 14, 2023, the shares were credited to investors demat accounts. SBFC Finance was officially listed on the stock exchange on August 16, 2023.
During the IPO, SBFC Finance offered shares at a price range of ₹54 to ₹57 per share, and the lot size was 260 shares. The total issue size was ₹1,025 crores, with ₹600 crores from new shares and ₹425 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors, 15% were reserved for Employee.
SBFC IPO Subscription Update Video
SBFC Finance IPO Subscription Status
The SBFC Finance IPO on August 07, 2023 was subscribed 74.06 times, with the retail category being subscribed 11.60 times, the NII (Non-Institutional Investor) category being subscribed 51.82 times, the QIB (Qualified-Institutional Buyers) category being subscribed 203.61 times and the Employee category being subscribed 6.21 times.
| Category | Subscription |
| QIB | 203.61x |
| NII | 51.82x |
| Retail | 11.60x |
| Employee | 6.21x |
| Total | 74.06x |
SBFC Finance IPO Basic Details
| Company Name | SBFC Finance Limited |
| Domain of Company | NBFC Company |
| IPO Open Date | August 03, 2023 |
| IPO Close Date | August 07, 2023 |
| IPO Allotment Date | August 10, 2023 |
| IPO Listing Date | August 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹54 to ₹57 per share |
| Lot Size | 260 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹1,025 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹425.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Sbfc Holdings Pte. Ltd., Clermont Financial Pte. Ltd., Arpwood Partners Investment Advisors Llp, Arpwood Capital Private Limited And Eight45 Services Llp |
About SBFC Finance Limited
Established in 2008, SBFC Finance Limited is a significant Non-Banking Finance Company (NBFC-ND-SI) that plays a crucial role in the financial system. Unlike traditional banks, it does not accept deposits but serves as a key player in the industry. The company caters primarily to entrepreneurs, small business owners, self-employed individuals, as well as salaried and working-class individuals.
SBFC Finance specializes in providing two main types of services: Secured MSME Loans and Loans against Gold.
The company aims to address the financial needs of entrepreneurs and small business owners who often face challenges in accessing financial assistance from conventional financial institutions. To achieve this, various factors are taken into account when offering loans, ensuring that entrepreneurs can access the funds they require to grow and succeed.
With an extensive and diverse presence across India, SBFC Finance operates in more than 105 cities, covering 16 Indian states and two union territories. Currently, the company boasts 137 branches, further solidifying its reach and accessibility. As of December 31, 2022, SBFC Finance has been successful in creating a widespread network to serve its customer base efficiently.
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SBFC Finance IPO FAQs
What is the start and end date of SBFC Finance IPO Subscription?
The SBFC Finance IPO started on August 3, 2023, and ended on August 7, 2023.
When does SBFC Finance IPO Subscription open?
The SBFC Finance IPO open on August 3, 2023.
When does SBFC Finance IPO Subscription close?
The SBFC Finance IPO Close on August 7, 2023.
What is the allotment date of SBFC Finance IPO?
The allotment date for SBFC Finance IPO is August 10, 2023.
When is the initial refund date of SBFC Finance IPO?
The initial Refund date for SBFC Finance IPO is August 11, 2023.
When were the shares credited to investors demat accounts for the SBFC Finance IPO?
The shares for the SBFC Finance IPO were credited to investors demat accounts on August 14, 2023.
When will SBFC Finance IPO be listed on the stock market?
SBFC Finance IPO stock market will be listed on August 16, 2023 at 10 am.
What was the price range of the SBFC Finance IPO shares?
The SBFC Finance IPO shares were offered at a price range of ₹54 to ₹57 per share.
What was the lot size for the SBFC Finance IPO shares?
The lot size for the SBFC Finance IPO shares was 260 shares.
What was the total issue size of the SBFC Finance IPO?
The total issue size of the SBFC Finance IPO was ₹1,025 crores.
How were the shares allocated among different types of investors for the SBFC Finance IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the SBFC Finance IPO listed?
The SBFC Finance IPO was listed on both the NSE and BSE.
What is the SBFC Finance IPO Subscription Status?
SBFC Finance IPO is subscribed 74.06 Times.
