SBFC Finance, a lender based in the Indian city of Mumbai, recently raised INR 1.5 billion (USD 18.3 million) in a sale of stock to Amansa Capital, a Singapore-based private equity firm. The transaction came ahead of SBFC’s planned IPO, which is slated to have a total value of INR 12 billion (USD 145 million), including INR 7.5 billion (USD 91 million) in new shares. The targeted valuation of the company is INR 54 billion (USD 654 million).
SBFC Finance is a non-bank issuer of “loans to entrepreneurs, small business owners, self-employed individuals, salaried and working-class individuals.” It has approximately 285,000 customers and 135 branches. For the year ending March 2023, the firm reported a profit of INR 1.5 billion (USD 18.2 million), ending the period with total assets of INR 60 billion (USD 727 million).
Amansa invests in Asia with a particular emphasis on India. Financial details on the firm are not available.
By Ben Barba, Research Associate
Sources and Additional Resources
SBFC Finance homepage
https://www.sbfc.com
Amansa Capital homepage
https://www.amansacapital.com
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