SBFC Finance’s debut public offering began on August 3 and will conclude on August 7. The second day of subscription, August 4, witnessed a robust investor response, with bids received for 82.50 crore shares against the IPO size of 13.35 crore shares, leading to a subscription of 4.50 times by 4.30 PM. Click here to subscribe the IPO.
High net worth individuals and retail investors displayed significant interest, subscribing 12.04 times and 4.76 times their respective allotments. Qualified institutional investors (QIIs) participated eagerly, placing bids for 4.26 times of the shares allocated for them. Employees, with shares worth Rs 10.25 crore set aside, subscribed 2.24 times their allocation, benefiting from a discount of Rs 2 per share.
The offer, set at a price band of Rs 54-57 per share, will close on August 7. The IPO distribution comprises 50% for QIIs, 15% for HNIs, and the remaining 35% for retail investors.
The IPO encompasses a fresh issuance of shares valued at Rs 600 crore and an offer for sale of Rs 425 crore shares by Arpwood Group.
Backed by Clermont Group and Arpwood Group, this non-banking finance company aims to raise Rs 1,025 crore, with Rs 304.42 crore already secured through the anchor book at a price of Rs 57 per share on August 2.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.