SBFC Finance IPO opens for subscription; check live subscription status

3 Aug 2023 , 11:52 AM

The Rs 1025 crore initial public offer of SBFC Finance has opened for subscription today and the issue has been subscribed 0.47 times by 11.45 AM on day 1. Click here to subscribe the IPO.

The initial public offering (IPO) encompasses a new equity issuance of up to Rs 600 crore along with an offer for sale (OFS) of up to Rs 425 crore. The pricing of the IPO falls within the range of Rs 54-57 per share.

Subscription details of SBFC Finance IPO on day 1:

Category	No.of shares offered / reserved	No. of shares bid for	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	3,75,83,331	56,940	0.00
Non Institutional Investors(NIIS)	2,81,87,500	1,59,51,000	0.57
Retail Individual Investors (RIIs)	6,57,70,833	4,62,94,560	0.70
Employee	19,71,153	9,10,000	0.46
Total	13,35,12,817	6,32,12,500	0.47

(Source: BSE)

SBFC Finance aims to cater to the needs of entrepreneurs and small business owners who often find themselves underserved or overlooked by conventional financial institutions such as banks. The company places significant emphasis on multiple factors when providing financial support in the form of loans. By extending its services, SBFC Finance endeavors to empower entrepreneurs to meet their financial needs and flourish in their ventures.