SBFC Finance's IPO allotment results are anticipated today, following a highly successful subscription period.
The IPO, with a size of ₹1,025 crore, was open for subscription from August 3 to August 7.
The price band for the IPO shares was set at ₹54-57 per share.
The IPO was oversubscribed by a remarkable 74.06 times within a span of three days.
The IPO comprised both fresh issuance of shares (₹600 crore) and an offer for sale (OFS) of shares by promoters (₹425 crore).
Qualified institutional bidders subscribed 203.61 times, non-institutional investors subscribed 51.82 times, and retail investors subscribed 11.60 times.
The IPO's listing is scheduled on both BSE and NSE for August 16.
Investors can check their allotment status on the BSE website and KFin Technologies' website using application and PAN details.
The grey market indicated strong demand, with shares trading at a premium of ₹40.
Visit Allinfohere for more trending news