SBFC Finance Limited IPO | Current IPOs in India

What is an IPO?

               An IPO (Initial Public Offering) is the process by which a privately held company becomes a publicly traded company by offering its shares to the public for the first time. It could be a new, young company or an old company which decides to be listed on an exchange and hence goes public.

           With the help of IPO Companies raise equity capital by issuing new shares to the public or the existing shareholders can sell their shares to the public without raising any fresh capital.

SBFC Finance Limited IPO Details

About SBFC Finance Limited

           Incorporated in 2008, SBFC Finance Limited is a systemically important, non-deposit-taking Non-Banking Finance Company (NBFC-ND-SI). The primary customer base of the company includes entrepreneurs, small business owners, self-employed individuals, and salaried and working-class individuals.

           SBFC provides its services in the form of Secured MSME Loans and Loans against Gold. SBFC Finance tends to extend its services to entrepreneurs and small business owners who are underserved or unserved by traditional financial institutions like banks.

If you haven’t Zerodha account, you can open your Demat Account here

Steps to apply in IPO through Zerodha

1) Visit the Zerodha website and login to Console.
2) Go to Portfolio and click the IPOs link.
3) Go to the “SBFC “ row and click the ‘Bid’ button.
4) Enter your UPI ID, Quantity, and Price.
5) “Submit” IPO application form.
6) Visit the UPI App (net banking or BHIM) to approve the mandate.