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SBFC Finance IPO Allotment Date & Latest Update

by Financegossips

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

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The SBFC Finance IPO subscription period was from August 3 to August 7, with a price band of ₹54 to ₹57 per share. 

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The IPO was subscribed 70.16 times on the final day, with bids received for 936.36 crore equity shares against the 13.35 crore shares available. 

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Qualified Institutional Buyers (QIBs) subscribed 192.90 times, while non-institutional investors subscribed 49.09 times. Retail investors showed good participation at 10.99 times, and employees subscribed 5.87 times. 

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The Grey Market Premium (GMP) for SBFC Finance increased to Rs 40, rising by Rs 1 from the previous day's GMP of Rs 39, potentially due to positive sentiments in the stock market. 

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The unlisted stock market reflects bullish sentiment towards this initial offer. 

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SBFC Finance IPO allotment date is confirmed for August 10, 2023, and applicants can conveniently check their allotment status online. 

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To check allotment status, applicants can log in to the BSE website  

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Once logged in, applicants can select equity as the issue type, input their application number or PAN number...

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...complete the "I am not a robot" verification, and click "Search" to view the SBFC allotment status on their device screen.  

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