SBFC Finance IPO: Last day to apply! Check GMP, share allotment date, listing date, stock price band, minimum investment amount, other details

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SBFC Finance IPO GMP: The bidding for SBFC Finance’s initial public issue (IPO) closed on Monday, August 7. The IPO, which opened on August 3, was already subscribed 7.09 times on the second day of bidding on the back of robust interest shown by retail and non-institutional investors. Take a look at the grey market premium of this company’s shares, alongside details like allotment and listing date and price band.

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SBFC Finance IPO GMP

According to websites that track grey market activities, the IPO is commanding a GMP of Rs 40 at the upper price band of Rs 57. This indicates expected listing gains of just over 70 per cent.

SBFC Finance IPO share price and lot size

The price range of the SBFC Finance IPO is Rs 54- 57. The lot size, or the minimum quantity one must bid for, is 260.

SBFC Finance IPO minimum investment

To bid for the IPO, with the lower price band of Rs 54 and lot size of 260, investors need a minimum investment of Rs 14,040.

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SBFC Finance IPO allotment date

The allotment finalisation of the SBFC Finance IPO is expected to happen on August 10, with refund to non-allottees being initiated on August 11. The demat transfer of shares is likely to take place on August 14.

SBFC Finance IPO listing date

The shares of SBFC Finance are expected to be listed on the bourses of the country on August 16.

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About SBFC Finance

SBFC Finance is a non-deposit taking, non-banking finance company that offers secured Medium and Small Enterprises (MSME) loans and loans against gold. The majority of the lender’s customers are entrepreneurs, small business owners, self-employed individuals, and salaried and working-class individuals.

Among MSME-focused NBFCs in India, SBFC has one of the highest assets under management (AUM) growth, with a compounded annual growth rate (CAGR) of 44 per cent from the financial year (FY) 2019 to FY 2023. As of March 31, 2023, SBFC Finance had 152 branches spread across 120 cities in 16 states and two union territories.