SBFC Finance IPO: How to Check the Allotment Status

SBFC Finance IPO: Allotment Status
SBFC Finance IPO: Allotment Status

by Tanushree Jaiswal Last Updated: Aug 07, 2023 - 07:05 pm 1k Views
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The ₹1,025 crore IPO of SBFC Finance Ltd, consists of a fresh issue of ₹600 crore and an offer for sale ₹425 crore by the existing shareholders, which includes the promoters and the early investors in the company. The IPO just closed on Monday 07th August 2023 and at the close of the third day, the issue was subscribed a healthy 70.16 times overall. The basis of allotment will be finalized on 10th August 2023 while the refunds to non-allottees will be initiated on the 11th August 2023. The company expects to complete the demat credits to the allottees as of 14th August 2023, while the company plans to list its IPO on the BSE and the NSE on 16th August 2023.

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) and by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option you always have to use one of these options. That means; you can either check your allotment status on the BSE website or the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). Here are the steps.

Checking the allotment status of SBFC Finance Ltd on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. Visit the BSE link for the IPO allotment by clicking on the link below.

Once you reach the page, here are the steps to follow.

  • Under Issue Type – Select Equity Option
  • Under Issue Name – Select SBFC Finance Ltd from the drop down box
  • Enter the Application Number exactly as in the acknowledge slip
  • Enter the PAN (10-digit alphanumeric) number
  • Once this is done, you need to click on the Captcha to verify that you are not a robot
  • Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters. There is one more point to note. Even if the company appears in the dropdown, the allotment status will only be available for you to check after the basis of allotment is finalized.

To complete your checking process, once you click on the SUBMIT button, the allotment status will be displayed on the screen in front of you informing about the number of shares of SBFC Finance Ltd allotted into your demat account. You can save a screenshot for future reference and to also reconcile with the demat credit when it happens a day before listing.

Checking the allotment status of SBFC Finance Ltd on KFIN Technologies Ltd (Registrar to IPO)

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

Here you are given the choice to select 5 servers viz. Link 1, Link 2, Link 3, Link 4, and Link 5. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 5 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select, the data output would still be the same.

A small thing to remember here. Unlike on the BSE website, where the names of all IPOs are there on the drop-down menu, the registrar will only provide of the IPOs managed by them and where the allotment status is already finalized. Also, for simplicity, you can either choose to see all IPOs or just recent IPOs. Choose the latter, as that reduces the length of the list of IPOs you need to search through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs, so once the allotment status is finalized, you can select SBFC Finance Ltd from the drop-down box.

  • There are 3 options. You can either query the allotment status based on PAN, Application Number or Demat Account (DPID-Client ID combination).
  • To Query by PAN, check the appropriate box and follow these steps.
    • Enter the 10-digit PAN number
    • Enter the 6-digit Captcha Code
    • Click on Submit button
    • Allotment status gets displayed on screen
  • To Query by Application Number, check the appropriate box and follow these steps.
    • Enter the Application Number as it is
    • Enter the 6-digit Captcha Code
    • Click on Submit button
    • Allotment Status gets displayed on screen

In the past, the first step was to select Application Type (ASBA or Non-ASBA) before inputting your application number. Now, that step has been done away with.

  • To Query by Demat Account, check the appropriate box and follow these steps.
    • Select the depository (NSDL / CDSL)
    • Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
    • Enter the Client-ID
    • In the case of NSDL, the Demat account is 2 strings
    • In the case of CDSL, the Demat account is just 1 string
    • Enter the 6-digit Captcha Code
    • Click on Submit button
    • Allotment Status gets displayed on screen

It is always advisable to retain a saved screenshot of the allotment status output for future reference. The same can be tallied with the demat account credit subsequently.

Brief on the business model of SBFC Finance Ltd

SBFC Finance Ltd is classified as a systemically important non-deposit taking NBFC (non-banking finance company). SBFC Finance Ltd was established in the year 2008, with a primary focus on small business owners, entrepreneurs, self-employed as well as on the salaried persons, with limited access to formal sources of finance. Its predominant lending products are the secured MSME loans and gold loans. Today, there are a vast number of entrepreneurs and small business owners who lack access to traditional sources of bank financing. Most banks insist on formal lines of employment for a loan, which is where SBFC Finance fills the gap. It is this gap that SBFC Finance intends to fill up.

Considering that the traditional assessment metrics may not be applicable to the self-employed professionals, SBFC Finance a unique set of parameters for evaluating this segment before giving a loan. The network of SBFC Finance is spread across 105 cities and towns located across 16 states and these are served through a network of 137 branches. The NBFC will use the proceeds from the fresh issue portion to boost its capital adequacy buffers to enable further growth in the loan book. The most recent financial year ended FY23 saw net interest income (NII) grow by a healthy 49% to ₹379 crore. The net interest margins or NIMs are extremely healthy at 9.32%.

The issue is jointly lead managed by ICICI Securities, Axis Capital, and Kotak Mahindra Capital. KFIN Technologies Ltd will be the registrars to the issue. The company will use the fresh funds to boost its capital base, which is essential to expand its asset book.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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