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.

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The company raises Rs 1,025 crore through its IPO, oversubscribed 111.4 times.

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SBFC Finance is a non-banking financial company providing loans to SMBs.

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The company records a net profit of Rs 64.52 crore in FY 2022-23.

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The strong debut is positive for the NBFC sector facing economic challenges.

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Economic growth rate impacts the demand for loans from SMBs and SBFC Finance.

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The competitive landscape requires SBFC Finance to maintain its edge.

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Investors should research and consider factors before investing due to stock market volatility.

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