SBFC Finance IPO
SBFC Finance IPO — date, price band, lot size & details 2023
SBFC Finance listed on 16 Aug 2023 at ₹82, 43.9% above the ₹57 issue price.
SBFC Finance is an NBFC that gives secured MSME loans and loans against gold to small business owners, self-employed and salaried people. It had 152 branches on 31 March 2023.
Stock price
SBFC Finance is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 03 Aug 2023
- Close 07 Aug 2023
- Allotment 10 Aug 2023
- Refund/credit 11 Aug 2023
- Listing 16 Aug 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 3 to 7 Aug, 2023 |
|---|---|
| Price Band | ₹54 – ₹57 |
| Face Value | ₹10 |
| Lot Size | 260 Shares |
| Issue Size | ₹1025 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 2.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,820 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 260 shares at the ₹57 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 260 | ₹14,820 |
| Retail (max) | 13 | 3,380 | ₹1,92,660 |
| S-HNI (min) | 14 | 3,640 | ₹2,07,480 |
| S-HNI (max) | 67 | 17,420 | ₹9,92,940 |
| B-HNI (min) | 68 | 17,680 | ₹10,07,760 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 64.52 crore in FY2022 to Rs 149.74 crore in FY2023.
- 02Total income rose from Rs 511.53 crore in FY2021 to Rs 740.36 crore in FY2023.
- 03Rs 600.09 crore of the issue was fresh capital to support lending growth.
- 04Net worth grew from Rs 944.72 crore on 31 March 2021 to Rs 1,466.88 crore on 31 March 2023.
- 05It had 152 branches across 16 states and 2 union territories.
Risks · 5
- 01The pre-issue P/E was 36.54 at the upper band of Rs 57, based on EPS of Rs 1.56.
- 02Profit fell from Rs 85.01 crore in FY2021 to Rs 64.52 crore in FY2022, so earnings have been uneven.
- 03Total borrowing was Rs 3,745.83 crore on 31 March 2023, and the source puts debt to equity at 2.20.
- 04Small business borrowers are sensitive to economic slowdowns, and gold loans depend on gold prices. Return on net worth was 7.97% as per the source.
- 05Promoters held 78.83% before the issue and 64.02% after it, as per the prospectus.
Three years of numbers
All figures in ₹ crore, as reported in the SBFC Finance offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 5,746.44 | 4,515.03 | 4,231.19 |
| Total Income | 740.36 | 530.70 | 511.53 |
| Profit After Tax | 149.74 | 64.52 | 85.01 |
| NET Worth | 1,466.88 | 1,026.78 | 944.72 |
| Total Borrowing | 3,745.83 | 2,948.82 | 2,772.55 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the SBFC Finance RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
SBFC Finance IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹1.56 | ₹1.41 |
| P/E Ratio (x) | 36.54 | 40.43 |
| Market Cap at Offer Price (₹ Cr) | ₹5,471.27 | ₹6,053.32 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹57 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹559.08 Cr of the issue is earmarked to named objects.
About the company
Its customers are entrepreneurs, small business owners, self-employed individuals and salaried and working-class people, many of whom are underserved by banks. Its main products are secured MSME loans and loans against gold.
On 31 March 2023 it had 152 branches in 120 cities across 16 states and two union territories, spread across the north, south, east and west of India.
The IPO was Rs 1,025 crore, with Rs 600.09 crore of fresh issue and Rs 424.91 crore of offer for sale by promoter entities Arpwood and Eight45 and other shareholders. The fresh money was meant for future capital needs as the loan book grows.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
SBFC Finance IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of SBFC Finance?
The current Grey Market Premium is ₹192.9, or 338% over the issue price.
What is the SBFC Finance IPO price band?
₹54 to ₹57, on a face value of ₹10.
When is the allotment?
The basis of allotment is 10 August 2023, with listing on 16 August 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
