SBFC Finance Limited IPO Message Board (Page 44)

HOS

Ebix cash IPO possible from 17 th August

5000 crore

Small fix
sbfc 950
Concord 900

Concord 10 lakh fix 12000
SBFC 10 lakh fix 11700

Hello Team,
Please advice expert how the allotment work in small HNI. How many minimum lot will I get in small HNI if I get the allotment. Thanks in advance!

Dear Sir,

Please go through chapterin our IPO Book:

https://www.chittorgarh.com/book-chapter/ipo-allotment/25/

Thank you @Admin @ Chittorgarh.com

Does anybody get allotment when applied through AU BANK asba ?

Yes, many times.

Can anyone please tell which banks allow to apply for ipo in minor's name using ASBA? Specifically does Au bank or any other small finance banks allow or not?

Also does one can open minor account in Zerodha and do they allow to sell the shares on listing? If not what are other options?

@Rajkumar Bhuj Bro mere and meri beti (minor)ka au me account hai lekin
Minor ki jab application lagata hu to usme pan number mere show karta hai
Aap kaise apply karte ho

if i open a minor savings account in axis bank & demat in prostocks then whether it will work or hdfc saving account is needed for ipo application.

RedTape result out!!! ⭕🔴🟥

SBFC Finance IPO – Schedule *(FINAL – RHP Page #460)*

31st July – Announcement of Price Band
02nd Aug – Anchor Investors Allotment
03rd Aug – Offer Opens
07th Aug – Offer Closes
10th Aug – Finalisation of Basis of Allotment
11th Aug – Unblocking of funds from ASBA Account
14th Aug – Credit of Equity Shares to Demat accounts
16th Aug – Commencement of Trading

SBFC Finance IPO – Issue Information *(TENTATIVE)*

Issue Opens on: 03rd Aug 2023
Issue Closes on: 07th Aug 2023
Issue Type: Book Built Issue IPO
Issue Size: 17,98,24,560 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.54 – Rs.57 Share *(TENTATIVE)*
Discount: ??/- (for Employees)
Market Lot: 260 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 95,89,08,906 Shares
Fresh Issue of 10,52,63,157 Shares @57/- = Rs.600Crs
Offer for Sale of 7,45,61,403 Shares @57/- = Rs.425Crs
Equity Shares outstanding after the Issue = 1,06,41,72,063 Shares

Category-wise Break up:
Anchor – 5,34,07,895 Shares = 304.43Crs
QIB – 3,56,05,263 Shares = 202.95Crs
B-NII (>10L) – 1,78,02,631 Shares = 101.47Crs (Lot size: 3,640 = 4,891 Forms)
S-NII (2L-10L) – 89,01,315 Shares = 50.74Crs (Lot size: 3,640 = 2,445 Forms)
RII (<2L) – 6,23,09,211 Shares = 355.16Crs (Lot size: 260 = 2,39,651 Forms)
Employees – 17,98,245 Shares = 10.25Crs (@57/-)
Total Issue – 17,98,24,560 Shares = 1025.00Crs.

SBFC Finance IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated July 26, 2023 (576 pages)

EPS for FY20-21 >>> Rs.1.06 (Page #114 of RHP)
EPS for FY21-22 >>> Rs.0.79 (Page #114 of RHP)
*EPS for FY22-23 >>> Rs.1.62 (Page #114 of RHP)*

RoNW for FY20-21 >>> 7.67% (Page #115 of RHP)
RoNW for FY21-22 >>> 5.18% (Page #115 of RHP)
*RoNW for FY22-23 >>> 9.93% (Page #115 of RHP)*

NAV as on 31st March 2023, was Rs.19.26 (Page #115 of RHP)

Listed Industry Peer Group (Page #121 of RHP): Five Star Business, AU Bank, Home First, Aptus Value, Aavas Financiers

SBFC Finance IPO – *Required for 1X Subscription*:

Anchor = 304.43Crs
QIB = 202.95Crs

B-NII (>10L) Application = 4,891 Forms (for lotsize of 3,640)
S-NII (2L-10L) Application = 3,640 Forms (for lotsize of 3,640)
RII (<2L) Application = 2,39,651 Forms (for lotsize of 260)

SBFC Finance IPO – *Market’s Current Estimates of OverSubscription*:

QIB = 30K Crs. = ~147.82X

B-NII (>10L) = 45K Forms = 9.20X Applic. wise (Avg allotment ~395.61 shares)

S-NII (2L-10L) = 90K Forms = 36.80X Applic. wise (Avg allotment ~98.90 shares)

RII (<2L) Application = 22L Forms = 9.18X Applic. wise (Avg allotment ~28.32 shares)

Interest cost *@10.00%p.a.* for 7days = *10.93paise for 1X*

Thus,
for QIB the costing = 147.82 X 10.93 paise = Rs.16.16 per share (= GMP)

for B-NII (>10L) the costing = 395.61 X 16.16 = Rs.6,393/- per form

for S-NII (2L-10L) the costing = 98.90 X 16.16 = Rs.1,598/- per form

And, for RII (<2L) the costing = 9.18 X 16.16 = Rs.458/- (= Kostak)

SBFC Finance IPO – *GMP Estimated* (as on 28/July)

GMP = 30 +/- 1

KOSTAK:
for B-NII (>10L) = 11,900/-
for S-NII (2L-10L) = 3,000/-
for RII (<2L) = 850/-

SUBJECT TO ALLOTMENT:
for NII (>2L) (for lotsize of 3,640) = 87,500/-
for RII (<2L) (for lotsize of 260) = 6,250/-

SBFC Finance IPO – *Expected Delivery Volume on Listing Day*

Pre-opening = 2.75Cr shares (NSE + BSE)
EOD = 10.75Cr. shares (NSE + BSE)

SBFC Finance IPO – Expected Listing

@90 +/- 5

Due to clash of lot of ipo.
Bhni form will not more than 35000.

QIB applied more than 40K crores ... One may expect blockbuster listing here ...

GMP of Sbfc finance is 37 - 38 rs.
Apply for listing gain.

I have money for 1 shni and 4 retails. Should I use it as it is in sbfc or try my luck in 1 retail oriana and 5 retail sbfc?

Apply on the last day after watching subscription.

Pyramid Techno
Open : 10 Aug Tentative
SIze : 200 Cr. Tentative

Gmp kostak rate?

Dear Members, I have been facing problem with IPO Funding in the Kotak Bank Mobile App. There is a provision to avail IPO Funding to apply in a mainboard IPO. After clicking on IPO(ASBA) link in the app, a new page opens wherein there is a link namely “Apply for IPO Funding (New).” When I click on that link and proceed an error message appears that my request cannot be processed as no active IPO’s are available. I have faced this issue in all the recent IPOs and in all the Kotak account of my family members. My demat account is with Kotak Securities and I have availed funding through this process in the past. But this IPO season its not working. Sent several mails to the bank but no response. Is anyone else facing the same issue or I am the only one? Please suggest me what should I do.

I have open 5+ saving bank account of my family members to avail this option . And continuously writing email to provide solution for this error and if they don't want to provide these services then they should withdraw this ipo funding option from their app . Otherwise I have to write to RBI .
AND I REQUEST TO ALL MEMBERS WHO ARE FACING PROBLEM PLEASE WRITE EMAIL TO KOTAK BANK.

@sachinbhai that’s what even my point of view is. If they are not providing funding, they should remove it from the app rather than misleading the customers. It’s as simple as that. Even I will file complaint with RBI Ombudsman. Just waiting for 30 days to get over.

This shows largest promoter(SBFC holdings) are confident. Ofcourse this is just a small part of their holdings. Their total avg cost is around 16rs per share, holding ~65% equity and they are not selling shareholder here.

Shareholding pattern. Malabar Fund,MIT,Steadview capital,Amansa investments have acquired shares on May 2023, at 55rs per share.
- Interesting is Malabar had already acquired some shares on Feb 2022 at 40rs. So they increased their holdings in May 2023

HDFC MF, ICICI Pru MF, SBI MF have collectively invested 90 crs. This is over and above the Pre IPO in which Singapore based Amansa came in as an investor and other secondary engagements which should interest from MIT Endowment Fund, Steadview, Malabar Investments amongst others.

REVISED

SBFC Finance IPO – Schedule *(FINAL – RHP Page #460)*

31st July – Announcement of Price Band
02nd Aug – Anchor Investors Allotment
03rd Aug – Offer Opens
07th Aug – Offer Closes
10th Aug – Finalisation of Basis of Allotment
11th Aug – Unblocking of funds from ASBA Account
14th Aug – Credit of Equity Shares to Demat accounts
16th Aug – Commencement of Trading

SBFC Finance IPO – Issue Information *(FINAL)*

Issue Opens on: 03rd Aug 2023
Issue Closes on: 07th Aug 2023
Issue Type: Book Built Issue IPO
Issue Size: 17,98,24,560 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.54 – Rs.57 Share
Discount: NIL/- (for Employees)
Market Lot: 260 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 95,89,08,906 Shares
Fresh Issue of 10,52,63,157 Shares @57/- = Rs.600Crs
Offer for Sale of 7,45,61,403 Shares @57/- = Rs.425Crs
Equity Shares outstanding after the Issue = 1,06,41,72,063 Shares

Category-wise Break up:
Anchor – 5,34,07,895 Shares = 304.43Crs
QIB – 3,56,05,263 Shares = 202.95Crs
B-NII (>10L) – 1,78,02,631 Shares = 101.47Crs (Lot size: 3,640 = 4,891 Forms)
S-NII (2L-10L) – 89,01,315 Shares = 50.74Crs (Lot size: 3,640 = 2,445 Forms)
RII (<2L) – 6,23,09,211 Shares = 355.16Crs (Lot size: 260 = 2,39,651 Forms)
Employees – 17,98,245 Shares = 10.25Crs (@57/-)
Total Issue – 17,98,24,560 Shares = 1025.00Crs.

SBFC Finance IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated July 26, 2023 (576 pages)

EPS for FY20-21 >>> Rs.1.06 (Page #114 of RHP)
EPS for FY21-22 >>> Rs.0.79 (Page #114 of RHP)
*EPS for FY22-23 >>> Rs.1.62 (Page #114 of RHP)*

RoNW for FY20-21 >>> 7.67% (Page #115 of RHP)
RoNW for FY21-22 >>> 5.18% (Page #115 of RHP)
*RoNW for FY22-23 >>> 9.93% (Page #115 of RHP)*

NAV as on 31st March 2023, was Rs.19.26 (Page #115 of RHP)

Listed Industry Peer Group (Page #121 of RHP): Five Star Business, AU Bank, Home First, Aptus Value, Aavas Financiers

SBFC Finance IPO – *Required for 1X Subscription*:

Anchor = 304.43Crs
QIB = 202.95Crs

B-NII (>10L) Application = 4,891 Forms (for lotsize of 3,640)
S-NII (2L-10L) Application = 2,445 Forms (for lotsize of 3,640)
RII (<2L) Application = 2,39,651 Forms (for lotsize of 260)

SBFC Finance IPO – *Market’s Current Estimates of OverSubscription*:

QIB = 30K Crs. = ~147.82X

B-NII (>10L) = 45K Forms = 9.20X Applic. wise (Avg allotment ~395.61 shares)

S-NII (2L-10L) = 90K Forms = 36.80X Applic. wise (Avg allotment ~98.90 shares)

RII (<2L) Application = 22L Forms = 9.18X Applic. wise (Avg allotment ~28.32 shares)

Interest cost *@10.00%p.a.* for 7days = *10.93paise for 1X*

Thus,
for QIB the costing = 147.82 X 10.93 paise = Rs.16.16 per share (= GMP)

for B-NII (>10L) the costing = 395.61 X 16.16 = Rs.6,393/- per form

for S-NII (2L-10L) the costing = 98.90 X 16.16 = Rs.1,598/- per form

And, for RII (<2L) the costing = 9.18 X 16.16 = Rs.458/- (= Kostak)

SBFC Finance IPO – *GMP Estimated* (as on 29/July)

GMP = 38 +/- 1

KOSTAK:
for B-NII (>10L) = 15,000/-
for S-NII (2L-10L) = 3,750/-
for RII (<2L) = 1000/-

SUBJECT TO ALLOTMENT:
for NII (>2L) (for lotsize of 3,640) = 1,10,500/-
for RII (<2L) (for lotsize of 260) = 8,000/-

SBFC Finance IPO – *Expected Delivery Volume on Listing Day*

Pre-opening = 2.75Cr shares (NSE + BSE)
EOD = 10.75Cr. shares (NSE + BSE)

SBFC Finance IPO – Expected Listing

@95 +/- 5

👌🥳

SBFC Finance IPO – *GMP Estimated* (as on 29/July)

GMP = 38 +/- 1

KOSTAK:
for B-NII (>10L) = 15,000/-
for S-NII (2L-10L) = 3,750/-
for RII (<2L) = 1000/-

SUBJECT TO ALLOTMENT:
for NII (>2L) (for lotsize of 3,640) = 1,10,500/-
for RII (<2L) (for lotsize of 260) = 8,000/-

Excellent jump...👍

Please let me know how to justify valuation of issue price at 41.3 PE and GMP of 60 to 70℅ in this big IPO when peers are trading at average PE of 30 and all are at sub 41.3 level.

All members please write to SEBI that third party asba should be banned immediately to upheld the law and rules of ipo allotment

Bhai naam to kuch alag le lete

Kyu gm surana ji apne beijjati krwa raha h ise platform par jab tum kya dikkat h woh batyo use platforms par aur Aaj kal duniya fast ho gya h sebi ban krne par log alag alag account bhi mange kr lengi kya tum lagha ise tushe allotment mil jayega bhul Jana ye bth roh

Money only for one BHNI .... Which one to choose from SBFC and Concord

Yes definitely 1 BHNI and 1 retail would be a better choice. And regarding which one to choose between the two for BHNI, you need to wait for some time and take decision on the last day after seeing which GMP is better and what are expected chances of allotment in both.

Thank you... Got my answer..

SEBI please ban the third party asba immediately

👍

💯