SBFC Finance IPO allotment likely out today; check details here

10 Aug 2023 , 02:52 PM

SBFC Finance, an NBFC headquartered in Mumbai, is anticipated to disclose the allotment status of its IPO on August 10.

The SBFC Finance IPO was open for subscription from August 3 to August 7, with a price range of Rs 54 to Rs 57 per share. To check the allotment status, applicants are required to furnish their PAN details or application number. This information can be verified on either the BSE website or the website of the company’s registrar, KFin Technologies Limited.

On the final day of the IPO subscription, the SBFC Finance offering was oversubscribed by a significant factor of 70.16 times. The IPO received bids for 936.76 crore equity shares against the available 13.35 crore shares. 

Among the segments, the qualified institutional buyer (QIB) portion was oversubscribed by a whopping 192.90 times, the non-institutional investors portion was subscribed 49.09 times, the retail segment showed strong participation with an oversubscription of 10.99 times, and the employee portion garnered an oversubscription of 5.87 times.

 

Open date	3 August 2023
Close date	7 August 2023
Lot size	260 shares
IPO size (Rs crore)	Rs 1025 crore
IPO price range (Rs)	Rs 54-57
Minimum investment	Rs 14,820
Basis of allotment date	10 August 2023
Refunds date	11 August 2023
Credit to demat account date	14 August 2023
Listing date	16 August 2023