NBFC / MSME & Gold Loans - Listed on 16 August 2023
SBFC Finance (NBFC / MSME & Gold Loans) closed its IPO window in 2023 and listed on NSE and BSE on 16 August 2023 at an upper band issue price of Rs 57, opening at Rs 82 for a listing gain of +43.9% and closing day one at Rs 92.2 (+61.8% on closing basis). The IPO was subscribed 70.16x overall - QIB 192.90x, HNI/NII 49.09x, Retail 10.99x. The total issue size was Rs 1,025 Cr (Fresh Issue Rs 600 Cr, OFS Rs 425 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
NBFC / MSME & Gold Loans
SBFC Finance operates in the NBFC / MSME & Gold Loans space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The SBFC Finance issue was offered at an upper price of Rs 57 and raised approximately Rs 1,025 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +70.18% |
| Day 2 | Rs 40 | +70.18% |
| Day 3 | Rs 40 | +70.18% |
| Day 4 | Rs 40 | +70.18% |
| Day 5 | Rs 45 | +78.95% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the SBFC Finance IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
SBFC Finance IPO listed at +43.9% versus the upper issue price of Rs 57 on 16 August 2023.
SBFC Finance IPO was subscribed 70.16x overall. QIB portion was subscribed 192.90x, HNI / NII 49.09x and Retail 10.99x.
IPO GMP started at Rs 40 on Day 1 and moved to Rs 45 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.