Public Market

IPO

SBFC Finance raises Rs.150-Cr from Amansa in pre-IPO funding

Mint  

Private equity firm Arpwood-backed SBFC Finance, a Mumbai-headquartered non-bank lender, has raised INR 150 crore from Singapore-based Amansa Capital through a pre-IPO (initial public offering) placement. SBFC allotted 27.27 million equity shares to Amansa at INR 55 apiece. SBFC had applied for a public listing in November last year. It refiled its draft prospectus in March this year, cutting the IPO size to INR 1,200 crore from INR 1,600 crore. The IPO initially included an offer-for-sale of INR 850 crore by promoters SBFC Holdings, Arpwood Partners, Arpwood Capital, and Eight45 Services LLP.