Bharat Financial Inclusion Ltd(Merged)) IPO


IPO Subscription Details

  • Open Date 28 Jul
  • Close Date 02 Aug
  • Lot Size 7
  • IPO Size ₹ 1628.78 Cr
  • IPO Price Range ₹ 985
  • Min Investment ₹ 6895

IPO Synopsis

Public issue of 16,791,579 equity shares of Rs. 10 each for cash at a price of Rs. 985 per equity share (including a share premium of Rs. 975 per equity share) for qualified institutional bidders and non-institutional bidders and Rs. 935 per equity share (including a share premium of Rs. 925 per equity share) for retail individual bidders aggregating up to Rs. 1628.78 crores (The Issue) consisting of a fresh issue of 7,445,323 equity shares (Fresh Issue) by SKS Microfinance Limited (SKS or The Company or The Issuer) and an offer for sale of 9,346,256 equity shares (Offer for sale) by Sequoia Capital India II LLC, SKS Mutual Benefit Trust-Narayankhed, SKS Mutual Benefit Trust-Jogipet, SKS Mutual Benefit Trust-Medak, SKS Mutual Benefit Trust-Sadasivapet, SKS Mutual Benefit Trust-Sangareddy, Kismet Microfinance and Mauritius Unitus Corporation (The Selling Shareholders). The Fresh issue and the offer for sale are jointly referred to herein as the Issue. The Issue will constitute 21.6% of the fully diluted post issue paid-up capital of the company. Issue price For non-institutional bidders and QIBs : Rs. 985 per equity share of face value Rs. 10 each. The issue price is 98.5 times the face value. For retail individual bidders : Rs. 935 per equity share of face value Rs. 10. The issue price is 93.5 times the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Bharat Financial Inclusion Ltd(Merged)) IPO

Contact Information

Unit No 410 Madhava,
Bandra-Kurla Complex,
Mumbai, Maharashtra 400051

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