See details about SBFC Finance Limited IPO GMP Today, underwriting, review, lot size and rating in this article. Various details about SBFC Finance Limited IPO GMP Today, Subscription, Review, Lot Size, Rating and other important details are available in this article.
SBFC Finance Limited IPO GMP Today
SBFC Finance Limited offers financing opportunities to business owners who are not served by traditional banks. SBFC Finance Limited’s clients include owners of micro, small and medium-sized businesses in India and entrepreneurs. The IPO of SBFC Finance Limited is scheduled to open on August 3, 2023.
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The GMP of SBFC Finance Limited IPO is around INR 40. This means that SBFC Finance Limited shares traded at a premium of INR 40 on the gray market. SBFC Finance Limited’s GMPs also indicate investors’ willingness to pay more than the issue price.
SBFC Finance Limited IPO Overview
| Name of the company | SBFC Finance Limited |
| Issue dates (opening and closing) | August 3, 2023 to August 7, 2023 |
| Nominal value | 10 INR/share |
| Price per share | INR54 to INR57 |
| Lot Size | 260 shares |
| Total issue size | INR 1,025 crore |
| New number | [.] shares totaling up to INR 600.00 crore |
| offer for sale | INR 10 shares (in total up to INR 425 crore) |
| Initial Public Offering Type | Problem created by the book |
| List | in BSE and NSE |
| Recorder | KFin Technologies |
| company website | sbfc.com |
Subscription to the initial public offering of SBFC Finance Limited
Before or after applying for the SBFC Finance Limited IPO, investors can check the subscription online. The subscription details indicate the amount of investments made in the IPO of SBFC Finance Limited. Investors can open the website of the stock exchange to check the details of the subscription to the initial public offering of SBFC Finance Limited.
Also, all subscription details are added in real time on the Stock Exchange website. As we know, this broadcast will appear on NSE and BSE. Therefore, investors can refer to the websites of these stock exchanges for the subscription to the initial public offering of SBFC Finance Limited.
SBFC Finance Limited IPO Review
Investors can review SBFC Finance Limited information such as company earnings, growth rate, customers, segment, NIM trends, liabilities, assets and other important details. These reviews allow investors to get an idea of how the company is performing in the upcoming or current fiscal year.
SBFC Finance Limited provides financial services to MSMEs. Although the growth rate of SBFC Finance Limited currently looks good, it suffered a setback in 2022. Furthermore, SBFC Finance Limited currently operates in a highly competitive segment. Risk-seeking investors can invest in this company for the long term.
SBFC Finance Limited share price
The price band of SBFC Finance Limited ranges from INR 54 to INR 57. Investors can submit offers based on the price band offered by SBFC Finance Limited.
Bidding will open on August 3 and close on August 7. Investors must apply within market opening hours on each day of the SBFC Finance Limited IPO.
SBFC Finance Limited IPO Rating
According to SBDC Finance Limited’s red herring prospectus, the company plans to use the acquired funds to enhance its capital base and address future capital needs due to business growth and expansion of its assets.
In addition, investors should check all aspects of the SBFC Finance Limited IPO and its offerings before making any investment.
SBFC Finance Limited IPO lot size
The minimum lot size for the SBFC Finance Limited IPO is 260 shares. Based on the price band, investors need an amount of INR 14,820 to apply for one lot.
| lots) | share | Price |
| 1 | 260 | 14,820 rupees |
| 13 | 3380 | 192,660 rupees |
| 14 | 3640 | 207,480 rupees |
| 67 | 17,420 | INR992,940 |
The minimum price of B-HNI for the initial public offering of SBFC Finance Limited is INR 1,007,760 for 68 lots (17,690 shares).
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SBFC Finance Limited Initial Public Offering Award Date
The share allotment date of SBFC Finance Limited is August 10, 2023. All investors can easily check the share allocation from August 10 onwards. After this, the start of the refund will start on August 11, 2023.
| IPO opening date | August 3, 2023 |
| IPO Closing Date | August 7, 2023 |
| Assignment | August 10, 2023 |
| refunds | August 11, 2023 |
| share credit | August 14, 2023 |
| List | August 16, 2023 |
| Deadline date and time | August 7, 2023 (5:00 p.m.) |
After allocation, investors can expect SBFC Finance Limited shares to be credited to their demat account on August 14, 2023. Then, on August 16, 2023, the shares will be listed.
Categories: Finance
Source: vtt.edu.vn