SBFC Finance Limited (SBFC) IPO REVIEW | Subscribe or Avoid?
SBFC Finance Limited (SBFC) was incorporated on January 25, 2008. The company has its focus on catering to the needs of small businesses in tier 2 and beyond cities. As of March’31, 2023, the Gross Loan Portfolio Stood at INR 4,942.82 crore. The company deals in two types of Loans – Secured MSME and Loan against gold. As of March’31, 2023, out of its total loan book the secured MSME was 79% and Loan against Gold was 17%. The company has a presence in 16 Indian states and 2 Union territories. Geographically the NBFC is well diversified with 30.84% of loans coming from the North, 38.53% from the South, and 30.63% from the West and East collectively, as of March 31, 2023.
In today's video, our research analyst, Veer Trivedi, shares with us a complete overview of the company, its business, and the ongoing IPO.
So, watch the video to know if the IPO is worth investing in.
IPO Details:
IPO Start Date - 3rd August 2023
IPO End Date - 7th August 2023
Price Bank - INR 54 - 57
Lot Size - 260 Shares
Face Value - INR 10 per share
Issue Size - INR 600 crores (Fresh Issue) & INR 425 crores (OFS)
Market Value Post Issue - INR 6,066 (At the upper price band)
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