About SBFC Finance Limited IPO
Incorporated in 2008, SBFC Finance Limited is a systemically important, non-deposit taking non-banking finance company. It offers secured MSME (Micro, Small and Medium Enterprises) loans and loans against gold to entrepreneurs, small business owners, self-employed individuals and salaried and working class individuals.
With 152 branches, it has a diversified pan-India presence across 120 cities spanning 16 Indian states and two union territories. It has introduced platforms like ‘Leviosa’ and ‘Gold Genie’ for the onboarding and disbursal of loans.
Between FY19 and FY23, the company has grown its AUM (Assets Under Management) at 44% CAGR and its disbursement at 40% CAGR. Moreover, it operates in an industry where less than 15% of MSMEs have access to credit in any manner, as of March 2022. And in FY23, the credit gap was estimated at around ₹92 trillion, offering growth potential for financial institutions.
SBFC Finance Limited is now coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to augment the company’s capital base to meet future capital requirements. Its shares will be listed on the NSE and the BSE.
Here are key details about the SBFC Finance IPO:
Here’s a quick look at SBFC Finance Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
SBFC Finance Limited IPO details
| SBFC Finance IPO date
According to the offer document filed by the company with the SEBI, the SBFC Finance IPO’s opening date – in other words, the SBFC Finance IPO launch date – will be 3rd August 2023. The SBFC Finance IPO closing date is 7th August 2023. After this, investors will be updated about the allotment status on 10th August 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 14th August 2023. The SBFC Finance IPO listing date is 16th August 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| SBFC Finance IPO Price Band
The IPO is an offer for sale as well as a fresh issue. The SBFC Finance IPO price band has been set between ₹54 and ₹57 per share. Interested investors can choose a price within this band to apply for the IPO.
The SBFC Finance IPO listing price will be determined on 16th August 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| SBFC Finance IPO Lot size
The SBFC Finance IPO details have been declared. The SBFC Finance IPO lot size is set at 260 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the SBFC Finance IPO issue size is approx ₹1,025 crore.
How to apply for the SBFC Finance Limited IPO?
If you are interested in this investment opportunity but unsure how to apply for the SBFC Finance IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the SBFC Finance Ltd IPO on Upstox:
How to check the SBFC Finance Limited IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the SBFC Finance IPO allotment status:
Open a demat account with Upstox to apply for the SBFC Finance Limited IPO
To apply for the SBFC Finance IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the SBFC Finance Limited IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the SBFC Finance IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the SBFC Finance IPO means applying for this public issue before it goes live. Click here to pre-apply for the SBFC Finance IPO on Upstox.
You can pre-apply for the SBFC Finance IPO from 1st August 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the SBFC Finance IPO opens for the subscription.
The SBFC Finance IPO launch date is 3rd August 2023. The SBFC Finance IPO will be open for subscription till 7th August 2023.
SBFC Finance lot size is 260 shares and the minimum investment required is ₹14,040.
The SBFC Finance IPO price band is ₹54 – ₹57 per share.
The size of the SBFC Finance IPO is approx. ₹1,025 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 14th August 2023.
SBFC Finance shares will be on NSE and BSE.
SBFC Finance shares’ listing date is 16th August 2023.