SBFC Finance IPO Allotment Date & Latest Updates

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SBFC Finance IPO Allotment

Mumbai-based SBFC Finance, a non-deposit, non-banking finance company, is expected to announce its allotment status today, August 10, 2023.

The SBFC Finance IPO opened on August 3 and closed on August 7. The price band for the IPO was ₹54 to ₹57 per share.

SBFC Finance IPO Subscription Status

On the last date, SBFC Finance IPO was subscribed 70.16 times, receiving bids for 936.36 crore equity shares against 13.35 crore shares on offer.

While the qualified institutional buyer( QIB) portion was subscribed 192. 90 times the non-institutional investor’s portion was subscribed 49.09 times.

The retail portion also witnessed good participation and was subscribed 10.99 times. The employee portion was subscribed 5.87 times.

SBFC Finance IPO GMP Today

Marketers confer that SBFC Finance GMP today is Rs 40, which is Rs 1 higher than yesterday’s GMP of Rs 39. They state that the bounce rate at Dalal Street from the morning blues could be the reason for the rise in grey market sentiments.

SBFC finance GMP and the public issue has received a strong response from the investors since it is fairly priced. So, both the primary and secondary market is expected to respond strongly to this initial offer.

This could be why the unlisted stock market is bullish on this initial offer.

SBFC Finance IPO Allotment Date

SBFC Finance IPO allotment date is on August 10, 2023. The applicants do not have to move from pillar to post to know their allotment status.

It can be checked online by logging in at BSE. For convenience, one can log in at direct BSE weblink — 

  1. bseindia.com/investors/appli_check.aspx
  2. Select equity in the issue type
  3. Write the application Number or PAN number based on your convenience.
  4. Click on “I am not a robot” and 
  5. Click on the “Search” button

The SBFC allotment status will become available in front of your monitor or on your cell phone’s display.

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