Latest SBFC Finance IPO Allocation: A Comprehensive Manual on Application Status and Latest GMP

Shares of SBFC Finance were offered for sale to the public through an IPO, and the price range for each share was between Rs 54 and Rs 57. The demand for the shares during the IPO was much higher than the number of shares actually available for purchase. The total number of shares subscribed was approximately 74.06 times greater than the number of shares being offered.

SBFC Finance’s IPO Highlights and Demand Trends

SBFC Finance is getting ready to decide how it will distribute its shares on Thursday. The company, which lent money but isn’t a traditional bank, offered new shares worth a total of Rs 1,025 crore. Many investors were very interested in buying these shares during the application period, and the total demand was more than 74 times the number of shares available.

The IPO (Initial Public Offering) of SBFC Finance had a price range of Rs 54-57 for each share. If you wanted to buy shares, you had to buy them in groups of 260. This happened between August 3 and August 7. During this time, the part of shares set aside for big institutional buyers was requested 203.61 times more than there were shares available for them. The non-institutional investors, who are individuals or smaller groups, asked for 51.82 times more shares than were available to them. Regular people who wanted to invest (retail investors) asked for 11.60 times more shares than they could get. Employees of the company also wanted to invest and asked for 6.21 times more shares than were available for them.
The extra price people are willing to pay for SBFC Finance’s shares in unofficial trading (grey market) has stayed pretty much the same. In the last update, the extra price, called the Grey Market Premium (GMP), was between Rs 38 and Rs 40. It’s still around that range as of Wednesday. This suggests that when the shares officially start trading, they might be worth about 70 percent more than what investors paid for them during the initial offering.

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Established in 2008, SBFC Finance is a financial company that doesn’t operate as a traditional bank. It focuses on offering loans to small and medium-sized businesses (MSME loans) with security, as well as giving loans to people who have gold (loans against gold). Its main customers are entrepreneurs, small business owners, self-employed individuals, and regular working people. The company has a wide presence across India with more than 157 branches in 105 cities across 16 states and two union territories.

Most of the companies that help with buying and selling stocks are optimistic about SBFC Finance’s offering. They suggest that investors should consider buying shares in this offering because of the company’s large network across India, good financial performance, effective business model, and ability to borrow money at lower costs. However, these companies also mention that there are risks involved, like the possibility of the company being valued too highly and the company’s profits being affected by changes in interest rates.
If you’re an investor who bid for the shares but hasn’t looked to see if you got them, you can find out on the Bombay Stock Exchange (BSE) website. The website link is https://www.bseindia.com/investors/appli_check.aspx. Pick “Equity” as the type of issue and choose the company’s name. All you have to do is enter your application number and your PAN card ID. Then, click on “I am not a Robot” and hit the submit button.

Investors can also find out if they got the shares by going to the Kfin Technologies Limited online portal (https://kosmic.kfintech.com/ipostatus). This is the company that keeps track of who got shares. If the allotment is decided, choose the company’s name from the list. Then, put in your application number, Demat Account number, or PAN ID, along with the captcha, correctly. Finally, hit the submit button.

This company, which is registered with Sebi (Securities and Exchange Board of India), is authorized to do this job. They use electronic systems to process all the applications and decide who gets shares. They also follow the schedule mentioned in the prospectus. They make sure that shares are credited to successful applicants on time, and they handle refunds and answer questions from investors.

People who bid for shares but didn’t get any might start to see their money refunded on Friday, August 11. Others who are going to get shares might see them appear in their Demat accounts by Monday, August 14. The shares are likely to start being traded on Wednesday, August 16.

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