Opening of the IPO for SBFC Finance: What novelties does this lender have to offer?
The majority of the customers offered secured MSME loans and loans against gold by SBFC Finance are entrepreneurs and small business owners. The company had one of the greatest rates of AUM (assets under management) growth among Indian NBFCs with a concentration on MSMEs, with a CAGR of 44% from FY19 to FY23.
Non-bank finance companies appear to be heading straight for Dalal Street while riding high on the credit growth cycle. The newest kid on the block is SBFC Finance. Investors are thrilled about its potential as a result of its public offering, which begins on August 3. However, there is more to it than what first appears.