SBFC Finance IPO: Dates, Price Band, GMP & Financials

SBFC Finance IPO

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SBFC Finance IPO: Company Details

SBFC Finance, incorporated in 2008, is a non-deposit-taking non-Banking company. The company’s primary customer base includes entrepreneurs, self-employed individuals, small business owners, and working-class individuals.

The company extends its services through secured MSME loans and loans against Gold.

Objective of SBFC Finance IPO

The company intends to utilize the net proceeds towards augmenting its capital base to meet its future capital requirements arising from the growth of its business and assets.

SBFC Finance IPO Details

The SBFC Finance IPO opens for subscription on August 3rd and closes on Monday, August 7th.


The company has fixed the price band at Rs 54 to Rs 57 per equity share for the proposed initial public offering. Bids can be placed for at least 260 equity shares and in multiples of 260 shares after that.

SBFC Finance’s IPO basis of allotment of shares will be finalized by Thursday, August 10th, and the company will initiate funds on August 11th.

In contrast, the shares will be credited to the demat accounts of the allottees on August 14th. SBFC IPO shares will likely be listed on BSE and NSE on Wednesday, August 16th.

IPO DateAug 3, 2023 to Aug 7, 2023
Listing Date16 August 2023
Face Value₹10 per share
Price₹54 to ₹57 per share
Lot Size260 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,025.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹600.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹425.00 Cr)
Employee DiscountRs 2 per share
Issue TypeBook Built Issue IPO
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SBFC Finance IPO Tentative Timetable

IPO Open DateThursday, 3 August 2023
IPO Close DateMonday, 7 August 2023
Basis of AllotmentThursday, 10 August 2023
Initiation of RefundsFriday, 11 August 2023
Credit of Shares to DematMonday, 14 August 2023
Listing DateWednesday, 16 August 2023

SBFC Finance IPO Reservation

QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue

SBFC Finance IPO Lot Size

Retail (Min)1260₹14,820
Retail (Max)133380₹192,660
S-HNI (Min)143,640₹207,480
S-HNI (Max)6717,420₹992,940
B-HNI (Min)6817,680₹1,007,760

SBFC Finance IPO Financials

SBFC Finance’s IPO floor price is 5.4 times the face value of the equity share, and the cap value is 5.7 times the face value of the equity share.


The price-to-earnings ratio for fiscal 2023 based on diluted EPS at the floor price is 33.33 times; at the cap price, it is 35.19 times.

In March, SBFC Finance refiled its IPO papers with the capital regulator, the Securities and Exchange Board of India (SEBI), where they reduced the IPO size from Rs 1200 crore to Rs 1600 crore.

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax35.5085.0164.52149.74
Net Worth752.09944.721,026.781,466.88
Reserves and Surplus
Total Borrowing3,056.382,772.552,948.823,745.83
(Amount in Rs Crores)


SBFC Finance’s GMP, or grey market premium, is +40. This indicates SBFC Finance’s share price was traded at Rs 40 in the grey market on Tuesday.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of SBFC Finance’s share price is Rs 97 per share, which is 70.18% higher than the IPO price.


Grey market premium readiness indicates the readiness of the investors to pay more than the issue price.

Frequently Asked Questions (FAQs) about SBFC Finance IPO

Wrap up on SBFC Finance IPO

Based on FY 23 earnings, in comparison to its peers, SBFC Finance IPO is aggressively priced.

With only a cash surplus, aggressive investors may park funds for the medium and long term in this costly IPO.

Check out: 12 Upcoming IPOs in August 2023 (Full List)

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