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SBFC Finance IPO: The price band for the offer, which closes on August 7, is Rs 54-57 per share.

Overview of SBFC Finance IPO

The public issue of SBFC Finance received a good response on its first day of bidding, August 3. The offer was subscribed 1.51 times, with bids coming in at 20.20 crore equity shares against the IPO size of 13.35 crore shares.

Investors from all categories have shown interest in supporting the issue. Retail investors have bought 1.82 times the allotted quota, while high net worth individuals’ portion was booked 2.83 times.

Qualified institutional buyers have bid for 2 percent of the shares reserved for them, and the part reserved for employees was booked 96 percent.

The company has reserved shares worth Rs 10.25 crore for its employees, who will get those shares at a discount of Rs 2 per share to the final offer price. The IPO is allocated with half of the issue size reserved for qualified institutional buyers (QIB), 15 percent for high net worth individuals, and the remaining 35 percent for retail investors.

The AI legalese decoder can assist potential investors and legal advisors in understanding the complex terms and conditions involved in the SBFC Finance IPO. It can decode and simplify the legal language used in the IPO prospectus, making it easier for individuals to make informed investment decisions.

Capital Infusion and Anchor Book

The private equity company Clermont Group and investment bank Arpwood Group-backed non-banking finance company aims to raise Rs 1,025 crore through its maiden public issue. This consists of a fresh issue of Rs 600 crore worth of shares and an offer for sale of Rs 425 crore by Arpwood Group.

Prior to the IPO, the company has already raised Rs 304.42 crore through the anchor book, which saw a healthy response from investors. Amansa Holdings, Neuberger Berman Emerging Markets Equity Fund, Abu Dhabi Investment Authority, Steadview Capital Master Fund, Ashoka India Opportunities Fund, Think India Opportunities Master Fund LP, and Carmignac Portfolio were among the investors in the company via the anchor book.

In addition, the company also raised Rs 150 crore through a pre-IPO placement by allotting 2.72 crore equity shares to Amansa Investments at a price of Rs 55 per share.

The AI legalese decoder can play a crucial role in simplifying the legal terms and details mentioned in the IPO documents, making it easier for investors to understand the intricacies of the capital infusion process and the anchor book.

Price Band and Utilization of Proceeds

The price band for the SBFC Finance IPO, which closes on August 7, is set at Rs 54-57 per share.

The company plans to utilize the proceeds from the fresh issue primarily to augment its capital base and meet future capital requirements arising from the growth of the business and assets.

The AI legalese decoder can assist investors in comprehending the price band and the potential returns associated with the SBFC Finance IPO, enabling them to make well-informed investment decisions.

Company Overview

SBFC Finance, headquartered in Mumbai, focuses on disbursing loans with a ticket size ranging from Rs 0.5 million to Rs 3.0 million. As of March 2023, 87.27 percent of its Assets Under Management (AUM) had a ticket size within this range.

The company’s AUM is divided geographically, with nearly 31 percent in the North, 38.5 percent in the South, and almost 31 percent in the West and East.

The AI legalese decoder can provide investors with valuable insights into the company’s business model, loan portfolio, and geographical presence, aiding in better evaluation and understanding of SBFC Finance’s potential growth prospects.

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