Sbfc Finance IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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SBFC Finance

CMP

86.19

+1.10 (1.29%)

₹57

Offer Price

₹ 1,025.00 Cr

Issue Size

₹ 14,820

Min Investment

70.16x

Times Subscribed

260

Lot size

Time Line

  • 03
    Aug 2023
    Open
  • 07
    Aug 2023
    Close
  • 10
    Aug 2023
    Finalisation of Basis of Allotment
  • 11
    Aug 2023
    Initiation of Refunds
  • 14
    Aug 2023
    Transfer of Shares to Demat Account
  • 16
    Aug 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Leverage our pan-India network to deepen its penetration in its target customer segment.

  • Expand its product portfolio through offering affordable housing finance to its target customer segment, utilising its existing network.

  • Diversify its source of borrowings and improve operating leverage.

  • Utilize technology to drive operational efficiency.

Products & Services

  • The Company is a systemically important, non-deposit taking non-banking financial company offering loans including secured Micro, Small and Medium Enterprises loans and loans against gold.

Strengths

  • Diversified pan-India presence with an extensive network to cater to its target customer segment;

  • 100% in-house sourcing, leading to superior business outcomes;

  • Comprehensive credit assessment, underwriting and risk management framework;

  • Extensive on-ground collections infrastructure leading to maintenance of robust asset quality;

  • Healthy liability franchise with low cost of funds;

Risks

  • The risk of non-payment or default by its borrowers may adversely affect the company business, results of operations and financial condition.

  • The company depends on the accuracy and completeness of information provided by its customers and certain third party service providers and its reliance on any erroneous or misleading information may affect its judgement of their creditworthiness, as well as the value of and title to the collateral.

  • The quality of the company portfolio may be impacted due to higher levels of NPAs and its business may be adversely affected if the company is unable to provide for such higher levels of NPAs.

  • The company inability to assess and recover the full value of collateral, or amounts outstanding under defaulted loans in a timely manner, or at all, could adversely affect the company business, results of operations and financial condition.

  • The company require substantial capital for its business and any disruption in the company sources of capital could have an adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
80.48%
Pre Holding

80.48%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 734.41 (38.80%) 9.93 (-) 8.67 (-12.70%)
Gross Profit 734.41 (38.80%) 9.93 (-) 8.67 (-12.70%)
Net Income 734.41 (38.80%) 9.93 (-) 8.67 (-12.70%)
Assets 734.41 (38.80%) 9.93 (-) 8.67 (-12.70%)
Liabilities 734.41 (38.80%) 9.93 (-) 8.67 (-12.70%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
SBFC Finance Ltd 734.41 149.80 5,466.39 3,739.06 9.93 0.00 19.42 1.48 0.68
AAVAS Financiers Ltd 1,608.76 429.64 13,409.61 13,409.61 13.14 54.26 413.57 3.20 3.01
Home First Finance Company India Ltd 790.98 228.29 6,737.02 6,737.02 12.56 26.01 206.48 3.38 2.65
Aptus Value Housing Finance India Ltd 1,093.36 503.01 7,176.28 7,176.28 15.06 10.08 67.05 7.00 1.13
AU Small Finance Bank Ltd 8,205.41 1,427.93 90,216.12 90,216.12 13.00 21.86 164.64 1.58 0.00
Five Star Business Finance Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Book Running Managers

  • ICICI Securities Ltd
  • Axis Capital Ltd
  • Kotak Mahindra Capital Company Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

103 1stFr C&B SquareSangamComp,
Andheri Kurla Road Vil-Chakala,
Mumbai - 400059
Phone : 91-22-67875344 Email : complianceofficer@sbfc.com www.sbfc.com

Offer Related Information

Initial public offering of 179,863,285 equity shares^ of face value of Rs. 10 each ("Equity Shares") of SBFC Finance Limited ("Company" or the "Issuer") for cash at a price of Rs. 57 per equity share# (including a share premium of Rs. 47 per equity share) (the "Offer Price") aggregating to Rs. 1025.00 crores^# ("Offer") comprising a fresh issue of 105,301,883 equity shares^ aggregating to Rs. 600.00 crores^# (the "Fresh Issue") and an offer for sale of 74,561,402 equity shares^ by Arpwood... More

News

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