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.

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The price band for the IPO shares was set at ₹54-57 per share.

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The IPO was oversubscribed by a remarkable 74.06 times within a span of three days.

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The IPO comprised both fresh issuance of shares (₹600 crore) and an offer for sale (OFS) of shares by promoters (₹425 crore).

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Qualified institutional bidders subscribed 203.61 times, non-institutional investors subscribed 51.82 times, and retail investors subscribed 11.60 times.

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The IPO's listing is scheduled on both BSE and NSE for August 16.

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Investors can check their allotment status on the BSE website and KFin Technologies' website using application and PAN details.

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The grey market indicated strong demand, with shares trading at a premium of ₹40.

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