SBFC Finance Ltd. IPO

SBFC Finance Limtied is a leading NBFC-ND-SI in India, specializing in providing secured MSME Loans and Loans against Gold. With a strong focus on entrepreneurs, small business owners, and individuals, they have achieved remarkable AUM and disbursement growth, serving the underserved and underbanked segments. Their pan-India presence spans 105 cities, fostering entrepreneurship in tier II and tier III cities.

RHP
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DRHP
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Open Date

2023-08-03

Close Date

2023-08-07

Company Financials

You can get the following financial statements of SBFC Finance Ltd. as of now.

Subscription Details

The details about the SBFC Finance Ltd IPO is as:

  • The issue size of the IPO is 1025 Cr.
  • The price band for SBFC Finance IPO is Rs 54 to Rs 57.
  • The shares of SBFC Finance IPO will list on 16th August 2023.
  • The latest tentative GMP of SBFC Finance IPO is Rs 40.
  • The shares of SBFC Finance IPO is subscribed 74.06 Times as of 7th August 2023.

 

SBFC Finance Ltd IPO Valuation

The approx valuation of SBFC Finance Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 57
Existing Shares (Qty) 89.7 Cr
Fresh Issue 600 Cr
EPS (FY22) Rs 0.81
PE Ratio 70.37
Industry PE  36.8x

 

SBFC Finance Ltd IPO Issue Size

SBFC Finance Ltd IPO issue size is 1025 Cr.

Issue Amount
Fresh Issue 600 Cr
Offer For Sale 425 Cr

 

SBFC Finance IPO Market Lot

An Individual can apply for a minimum 1 lot of 260 shares and a maximum of 13 lots of 3380 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 260 Rs 14,820
 Maximum 13 3380 Rs 1,92,660

 

SBFC Finance Ltd IPO share offer

The shares of SBFC Finance IPO is subscribed 74.06 Times as of 7th August 2023. The category-wise shares subscription are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 203.61 Times
Non-Institutional Minimum 15% 51.82 Times
Retail Individual Minimum 35% 11.60 Times
Employee 18,63,636 Shares 6.21 Times
Total   74.06 Times

Allotment Details

Find below the dates for SBFC Finance Ltd IPO:

Schedule Date
Basis of Allotment 10 August 2023
Refunds 11 August 2023
Credit to Demat Account 14 August 2023
IPO Listing Date 16 August 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 176.55 444.67 507.1 529.05 732.81
Total Expenditure 89.16 133.83 148.6 212.48 248.01
Operating Profit 87.39 310.84 358.5 316.57 484.8
Other Income 0.11 0.18 4.43 3.98 7.55
Interest 50.39 244.22 239.33 222.07 278.19
Depreciation 2.13 8.18 9.54 11.78 12.71
Exceptional Items 0 0 0 0 0
Profit Before Tax 34.98 58.61 114.07 86.7 201.45
Provision for Tax 10.54 23.12 29.06 22.18 51.65
Net Profit 24.44 35.5 85.01 64.52 149.8
Adjusted EPS (Rs.) 0.04 0.05 0.11 0.08 0.17

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 676 742.32 796.67 806.8 889.57
Total Reserves 204.23 270.16 408.43 480.37 837.76
Borrowings 841.71 3055.61 2768.17 2939.91 3739.06
Other N/C liabilities 13.13 24.46 23.71 19.7 12.74
Current liabilities 57.65 127.7 276.52 336.89 489.26
Total Liabilities 1792.72 4220.24 4273.51 4583.66 5968.39
Assets
Net Block 269.99 293.83 301.11 299.39 296.4
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0.33 0 0.75
Investments 0 1691 788.9 249.47 427.24
Loans & Advances 1.87 2.35 2.26 2.97 3.47
Other N/C Assets 1153.63 1548.16 2070.19 2982.41 4415.31
Current Assets 367.23 684.9 1110.71 1049.43 825.23
Total Assets 1792.72 4220.24 4273.51 4583.66 5968.39
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024
Other Income 0.34 0.2 0.09 0.65
Profit Before Tax 62.79 70.63 85.73 96.92
Tax 15.82 18.02 21.72 23.49
Profit After Tax 46.97 52.61 64.02 73.43
Adjusted EPS (Rs) 0.51 0.5 0.6 0.69

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 60.66 0
Dec 2023 63.73 0
Sep 2023 64.05 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 34.98 58.61 114.07 86.7 201.45
Adjustment 3.17 -15.91 7.84 36.69 27.93
Changes in Assets & Liabilities -406.14 -365.6 -353.62 -903.65 -1412.07
Tax Paid -0.5 -60.55 -43.48 -41.37 -62.27
Operating Cash Flow -368.49 -383.45 -275.2 -821.64 -1244.96
Investing Cash Flow 146.01 -1862.86 375.06 651.82 205.87
Financing Cash Flow 395.46 2291.3 -186.67 183.03 1071.01
Net Cash Flow 172.98 44.99 -86.8 13.2 31.92
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