Established in 2008, SBFC Finance Limited operates as a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI). Its main clientele includes entrepreneurs, small business owners, self-employed individuals, as well as salaried and working-class individuals. The company specializes in providing Secured MSME Loans and Loans against Gold. SBFC Finance focuses on serving entrepreneurs and small business owners who are either underserved or not served by traditional financial institutions such as banks. Various factors are taken into account when offering financial assistance in the form of loans, aiming to help entrepreneurs meet their financial needs and thrive.
With a widespread presence throughout India, SBFC Finance has established a diversified network across 105 cities in 16 Indian states and two union territories as of December 31, 2022, boasting a total of 137 branches. The company plans to utilize the Net Proceeds to strengthen its capital base, ensuring it can meet future capital requirements driven by the growth of its business and assets.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Thursday, 3 August 2023 |
| Close Date | Monday, 7 August 2023 |
| Issue Size | 1025 crores |
| Price | ₹54 to ₹57 per share |
| Lot Size | 260 Shares |
| Basis of Allotment | Thursday, 10 August 2023 |
| Initiation of Refunds | Friday, 11 August 2023 |
| Credit of Shares to Demat | Monday, 14 August 2023 |
| Listing Date | Wednesday, 16 August 2023 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab. Once there, you can select the desired IPO and click on “Apply Now.” Follow the on-screen instructions, and with just 5 clicks, you can place your bids. To check the status of your application, head to the “My Bids” section.
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