SBFC Finance Makes its Debut on India’s National and Bombay Stock Exchanges – Press Release

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  • SBFC Finance, the leading pan-India Non-Bank Financial Company (NBFC), debuts on the NSE and BSE
  • The IPO has raised INR 10,250m which SBFC will use to further grow its loan book
  • SBFC specialises in secured MSME loans and loans against gold across its national network of 152 branches in 18 states and union territories

MUMBAI, India, Aug. 16, 2023 /PRNewswire/ — SBFC Finance, the leading pan-India Non-Bank Financial Company (NBFC), today made its debut on India’s National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company’s IPO has attracted high demand among investors, with the issue being oversubscribed by 74 times during the pre-listing bidding process. The IPO has raised INR 10,250m which SBFC will use to further grow its loan book.  

Unleashing the Potential of India’s Entrepreneurs

SBFC Finance was founded to unleash the creative potential of India’s entrepreneurs and deliver financial services to meet their needs. From the beginning, SBFC has been focused on the opportunity to serve India’s 70 million small business owners, who account for a third of the country’s GDP, but who have not been served by India’s larger financial institutions.

SBFC now provides financial services across 18 states and union territories, specialising in secured small business loans and loans against gold.

“We are proud to have reached this tremendous milestone for SBFC,” said Aseem Dhru, MD and CEO of SBFC Finance. “The IPO begins an important new chapter in our mission to partner with India’s entrepreneurs on their journey to prosperity for their businesses and their families. SBFC will continue to reimagine lending, by expanding our network and innovating our products to serve the needs of India’s micro, small and medium sized enterprises (MSMEs), which are the engine of the country’s economy.”

“It has been a remarkable team effort to get SBFC to this moment in our journey while always keeping the customer at the centre of everything we do,” said Mahesh Dayani,…

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