SBFC Finance shares make a strong debut on BSE and NSE with a 44% premium over the issue price.
The stock opens at Rs 81.99 on BSE and reaches a high of Rs 82.45, closing at Rs 81.75 on NSE.
The company raises Rs 1,025 crore through its IPO, oversubscribed 111.4 times.
SBFC Finance is a non-banking financial company providing loans to SMBs.
The company records a net profit of Rs 64.52 crore in FY 2022-23.
The strong debut is positive for the NBFC sector facing economic challenges.
Economic growth rate impacts the demand for loans from SMBs and SBFC Finance.
The competitive landscape requires SBFC Finance to maintain its edge.
Investors should research and consider factors before investing due to stock market volatility.
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