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 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 |
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Who are the Lead Managers of SBFC Finance IPO? ICICI Securities Limited, Axis Capital Limited, Kotak Mahindra Capital |
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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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How can I sell my ipo application in grey market?Anyone has knowledge please reply