SBFC Finance shares to start trading on stock exchanges on August 16th: SBFC Finance, a non-banking finance company focused on MSMEs, is expected to finalize the basis of allotment for its IPO shares by the end of August 10. Investors can check their allotment status on the BSE website or the IPO registrar’s portal.
To check the allotment status on the BSE website, you can follow these steps:
- Go to the BSE website.
- Click on the “IPO Allotment Status” link.
- To check the allotment status of your SBFC Finance IPO shares, you will need to select the “equity” issue type and “SBFC Finance Limited” as the issue name. You can then enter either your application number or PAN number. Once you have entered your details, check the “I am not a robot” box and click on the “Search” button.
You can also check your allotment status on the IPO registrar’s portal. The steps for checking the allotment status on the IPO registrar’s portal may vary, so please refer to the instructions provided on the portal.
To check your allotment status on the IPO registrar’s portal, you can follow these steps:
- Go to the IPO registrar’s website.
- Click on the “Check Allotment Status” link.
- To select the IPO name for SBFC Finance, you can simply type “SBFC Finance Limited” in the IPO name field. This will ensure that you are checking the allotment status for the correct IPO.
- Enter your application, demat account, or PAN numbers.
- Enter the captcha code in the box provided.
- Click on the “Submit” button.
SBFC Finance IPO allotment to be finalized on August 10, shares in demat by 14th, refunds by 11th. SBFC Finance shares will start trading on the stock exchanges on August 16th.
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SBFC Finance IPO subscribed 70x, and QIBs lapped up shares. The offer was comprised of a fresh issue of Rs 600 crore and an offer for sale (OFS) of Rs 425 crore. The company plans to use the proceeds from the IPO to augment its capital base and meet future capital requirements.
SBFC Finance is one of the leading MSME-focused NBFCs in India. The company has a strong track record of growth, with assets under management (AUM) growing at a CAGR of 44% during FY19-FY23. SBFC Finance also has robust disbursement growth, with disbursements growing at a CAGR of 40% in the same period. The company has a pan-India presence, with 152 branches in 120 cities.
Lastly, The strong response to the IPO of SBFC Finance is a positive sign for the Indian NBFC sector. The sector is currently facing some challenges, but the strong demand for SBFC Finance’s IPO shows that investors are still bullish.
