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August 1, 2023
This is to inform you that SBFC Finance Limited is coming out with a public issue to raise Rs.1025 crore from the market.
The issue opens on August 3 and closes on August 7, 2023.
SBFC Finance Limited IPO
| Company Details |
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- 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.
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| Issue Period |
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Issue opens on: Thursday, August 3, 2023
Issue closes on: Monday, August 7, 2023
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| Price Band |
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Rs.54 to Rs.57 per equity share |
| Bid Lot |
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260 equity shares and in multiple thereafter. |
| Issue Size |
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Rs.1025 crore |
| Employee Reservation |
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Equity Shares aggregating upto Rs.10.25 crore |
| Employee Discount |
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Rs. 2 Per Share |
| Issue break-up |
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QIB - 50% of the net offer – Rs.507.37 crore
NIB - 15% of the net offer - Rs.152.21 crore
RET - 35% of the net offer - Rs.355.16 crore |
| Listing |
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NSE and BSE |
| Registrar |
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KFin Technologies Ltd |
| UPI |
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All Retail & NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note |
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- Application made using third party UPI or ASBA Bank A/c are liable to be rejected.
- “The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ₹ 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Monday, 7th August 2023 .”
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Watch these 4 videos to know how to apply for the SBFC Finance Limited IPO online easily.
Step 1: Create an UPI ID
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Step 2: Apply for IPO online using mobile app or website
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Step 3: Authorise UPI mandate to block payment
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
| Name of App (Supported Platforms) |
VPA Handle |
| BHIM Baroda Pay (only Android) |
@BARODAMPAY |
| BHIM Oriental Pay (Only Android) |
@obc |
| BHIM RBL Pay (Android & iOS) |
@rbl |
| BHIM (android & iOS) |
@upi |
| BHIM ALLBANK UPI (only Android) |
@allbank |
| BHIM Axis Pay (only android) |
@axisbank |
| BHIM IndusPay (only Android) |
@indus |
| BHIM Lotza UPI (only Android) |
@federal |
| BHIM SBIPay (only android) |
@sbi |
| Citi Mobile (android & iOS) |
@citi & @citigold |
| Google Pay (android & iOS) |
@okhdfcbank | @okaxis | @oksbi | @okicici |
| HSBC Simply Pay (android & iOS) |
@hsbc |
| iMobile by ICICI Bank (android users) |
@icici |
| Kotak Mobile Banking App (Android) |
@kotak |
| Phone-Pe (android & iOS) |
@ybl |
| SIB Mirror+ (only Android) |
@sib |
| BHIM YES PAY (only Android) |
@yesbank |
| DigiBank - DBS (Android & iOS |
@dbs |
| Paytm (Andriod & iOS) |
@paytm |
| BHIM AUPay (Android & iOS) |
@aubank |
| Freecharge (Android & iOS) |
@freecharge |
| BHIM BANDHAN UPI (Android & iOS) |
@bandhan |
| BHIM KBL UPI (Android) |
@kbl |
| Phone-Pe (Android & iOS) |
@ybl, @axl, @ibl |
- To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
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