The SBFC Finance IPO, valued at Rs 1,025.00 crores, comprises a blend of fresh issue worth Rs 600.00 crores and an offer for sale totaling Rs 425.00 crores
Bidding for SBFC Finance IPO commenced on August 3, 2023, concluding on August 7, 2023. Allotment results were confirmed by Thursday, August 10, 2023. Subsequently, SBFC Finance shares were listed on both the BSE and NSE on August 16, 2023.
The IPO price range for SBFC Finance is ₹54 to ₹57 per share, with a minimum lot size of 260 shares. Retail investors need a minimum investment of ₹14,820. sNII must invest in a minimum of 14 lots (3,640 shares), totaling ₹207,480, while bNII must invest in at least 68 lots (17,680 shares), totaling ₹1,007,760.
The offering encompasses a reservation of up to 1,863,636 shares designated for employees, provided at a discounted rate of Rs 2 compared to the issue price.
ICICI Securities Limited, Axis Capital Limited, and Kotak Mahindra Capital Company Limited serve as the book running lead managers for the SBFC Finance IPO, with Kfin Technologies Limited appointed as the registrar for the issue.
OBJECTIVE OF IPO
The Offer includes a Fresh Issue of Equity Shares worth ₹7,500 million by the Company and an Offer for Sale of Equity Shares worth ₹4,500 million by the Promoter Selling Shareholders, with each seller receiving their share of proceeds after deducting expenses and taxes.
The Company plans to use the Net Proceeds to strengthen its capital base for future growth requirements. Additionally, it anticipates advantages such as listing benefits, enhanced brand reputation, and the creation of a public market for its Equity Shares in India.
As an NBFC, registered with the RBI, offering Secured MSME Loans and Loans against Gold the company is subject to regulations relating to capital adequacy, determining minimum amount of capital must held as a percentage of the risk-weighted assets on balance sheet and of the risk adjusted value of off-balance sheet items.
As per capital adequacy norms by RBI, Company is required to have a regulatory
As of March 31, 2022
December 31, 2022,
The Net Proceeds are proposed to be utilized for increasing capital base. The company anticipates that the Net Proceeds will be sufficient to satisfy Company’s Tier- I capital requirements.
The object of the Issue is to augment the capital base of the Company. Accordingly, It intend to utilize the Net Proceeds to meet future capital requirements, which are expected to arise out of growth of our business and assets.
Company will temporarily invest the Net Proceeds in deposits in one or more scheduled commercial banks included in the Second Schedule of Reserve Bank of India Act, 1934 as may be approved by the Board.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
Copyright @2020 Design & Developed by Info Web Software