SBFC Finance plans to file for Rs1,000 crore IPO

14 Jun 2022 , 12:44 PM

Non-banking financial company (NBFC) SBFC Finance Private Limited-backed by Singapore’s Clermont Group & Arpwood Partners has initiated the process to launch an Initial Public Offering (IPO) to raise around Rs1000 crore in FY23. The finance-based firm has also appointed investment bankers to initiate and proceed the further financial aactivities for the same, sources said.

“The IPO process was kicked off recently. ICICI Securities is the left lead and Axis Capital and HDFC Bank are the other advisors who have come on board,” stated by one of the related person.

Accordingly, the proposed IPO would be a combination of primary and secondary issues of shares and this would facilitate a partial exit for investors like Arpwood Partners and help to mop up growth capital.

The company had an AUM of Rs3,342 crore as of March 31, 2022, a total income of Rs511 crore, disbursements of Rs1,266 crore, and a PAT of Rs85 crore which had surged by 140% on a yoy basis.