SBFC Finance IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.
    SBFC Finance IPO GMP

    SBFC Finance IPO Listing Review:
    The scrip got listed at Rs 82 as against Issue price of Rs. 57. The listing is in line with the expectations of the grey market. Unless the company maintains high level of earnings, it is difficult to maintain such high level of valuations.

    SBFC Finance IPO Guidance.
    MSME-focused NBFCs in India, it has one of the highest assets under management (“AUM”) growth, at a CAGR of 40% in the period from Fiscal 2019 to Fiscal 2022.The profits have increased sharply in the year just prior to the IPO. The shares are offered at PE multiple of 33.33, which leave not much room for listing gains. 

    SBFC Finance IPO Grey Market Premium  
    The IPO is witnessing strong fancy in the grey market at present. For latest updates of GMP, click

    Subscription Status of SBFC Finance IPO? 

    On 7 August 2023 @ 5.00 (Day 3) (Closed)
    Review: QIB response impressive.
    QIB:            37583331  Shares  192.90 T
    NII(10L+):   18791666  Shares    53.71 T
    NII (<10L)    9395834  Shares     39.86 T
    NII (Total)   28187500  Shares    49.09 T
    RII:              65770833  Shares    10.99 T
    Emp:             1971153  Shares     5.87 T
    Total:        133512817 Shares   70.16 T

     

    Who is the promoter of SBFC Finance IPO? 
    SBFC HOLDINGS PTE. LTD., CLERMONT FINANCIAL PTE. LTD., ARPWOOD PARTNERS
    INVESTMENT ADVISORS LLP, ARPWOOD CAPITAL PRIVATE LIMITED AND EIGHT45 SERVICES LLP

    What is the business of SBFC Finance?

    The company is a systematically important, non-deposit taking non-banking finance company offering
    Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals. Among MSME-focused NBFCs in India, it has one of the highest assets under management (“AUM”) growth, at a CAGR of 40% in the period from Fiscal 2019 to Fiscal 2022. It has also witnessed robust disbursement growth, at a CAGR of 39% between Fiscal 2019 and Fiscal 2022.

    It has a diversified pan-India presence, with an extensive network in our target customer segment. As of June 30, 2022, it has an expansive footprint in 104 cities, spanning 16 Indian states and two union territories, with 135 branches. Its geographically diverse distribution network, spread across the North, South, East and West zones, allows it to penetrate underbanked populations in tier II and tier III cities in India. Among MSME focussed NBFCs, it had the lowest proportion of AUM emanating from the largest state in its portfolio as of March 31, 2022, being 16.76%, demonstrating better diversification. As a result of its active management of state concentration, it has been able to maintain low levels of AUM concentration per state despite its growth over the years. Its AUM is diversified across India, with 31.81% in the North (in the states of Chandigarh, Delhi, Haryana, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand), 37.72% in the South (in the states of Karnataka, Andhra Pradesh, Telangana, Tamil Nadu and Puducherry), and 30.46% in the West and East (in the states of Gujarat, Madhya Pradesh, Maharashtra, West Bengal, Assam and Bihar) collectively, as of June 30, 2022.
    For more information, click
    www.sbfc.com

    What is the object of SBFC Finance IPO?
    The Offer comprises a Fresh Issue of Equity Shares and an Offer for Sale. The Company proposes to utilize the Net Proceeds towards augmenting the Company’s capital base to meet its future capital requirements arising out of the growth of the business and assets.

    SBFC Finance IPO Grey Market Premium

    SBFC Finance IPO Details to watch
    IPO opens on  3 Aug ,2023 
    IPO closes on  7 Aug ,2023 
    Issue Type Book Built Issue IPO
    Issue Size  1798 L Sh /Rs 1025 Cr
    * Fresh Issue 1053 L  Sh /Rs 600 Cr
    * Offer for Sale    745 L Sh /Rs 425 Cr
       
    Face Value per share: Rs. 10
    Price Band  Rs. 54-57
    Retail Discount  Rs 0 per share
    Employee discount  Rs. 2 per share
    Retail Lot Size  260 Shares
    Listing will at  BSE, NSE
    Shares offered to Shares Rs. in Cr
    QIB (50 %)  889.68 L 507.38
    NII (15 %)  266.90 L 152.21
    RII (35 %)  622.78 L 355.16
    Employees    18.64 L 10.25
    Total Shares  1798    L 1025
    Retail portion will be oversubscribed by  239530 Forms.
    How to apply in SBFC Finance IPO ? Net of RII discount
    Min Retail Application 260 Sh Rs. 14820
    Max Retail Application  3380 Sh Rs. 192660
    Small HNI (Min) application  3640 Sh Rs. 207480
    Small HNI (Max) application 17420 Sh Rs. 992940
    Big HNI Application 17680 Sh Rs. 107760
    SBFC Finance IPO Timetable to watch
    IPO opens on 3 Aug 2023
    IPO Closes on 7 Aug 2023
    IPO Allotment on  10 Aug 2023
    Refund initiation 11 Aug 2023
    Credit of Shares 14 Aug 2023
    Listing on 16 Aug 2023
    Registered Office of SBFC Finance
    103, 1st Floor, C&B Square, Sangam Complex,
    Andheri Kurla Road, Village Chakala, Andheri (East),
    Mumbai 400 059, Maharashtra, India
    Who are the Lead Managers of SBFC Finance IPO?
    ICICI Securities Limited, Axis Capital Limited, Kotak Mahindra Capital
    Registrar to IPO
    KFin Technologies Limited
    SBFC Finance IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs. in Cr Rs.in Cr Rs. %
    2020-21 511.53 85.00 1.09 7.67
    2021-22 530.70 64.52 0.81 5.18
    2022-23  740.36 149.74 1.71 9.93
    Book Value of the Share on 31.03.2023 Rs. 19.26    
    BV of the Share after the FPO Rs. 23.22    
    Offer Price at Cap Rs.  57    
    Ratio Analysis
    Upper Price /last EPS 33.33
    Upper Price/Book Value Ratio 2.96
    Upper Price/BV after IPO  2.45

    SBFC Finance IPO Grey Market Premium
    Peer Comparison.

    As on date of RHP Total Income Rs. Face  PE
      Income Value Ratio of
      Rs. In Cr Rs  
    The IPO Company 740 10 33.33
    Aavas Financier 1611 10 28.80
    Homefirst Finance 796 2 31.12
    Aptus Value Housing 1129 2 24.80
    AU Small Finance Bank 9240 10 35.01
    Five Star Business 1529 1 32.47

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

    SBFC Finance IPO GMP, Details to watch, Guidance & Subscription

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