SBFC Finance IPO – How to check allotment, listing date, GMP and more

• SBFC Finance is expected to announce its share allotment status on August 10.
• The shares of SBFC Finance were subscribed by 70.16 times overall.
• The shares are expected to be listed on the stock exchanges on August 16.

Mumbai-based SBFC Finance, a non-deposit-taking non-banking finance company (NBFC), is expected to announce the allotment status of its initial public offering (IPO) today, that is August 10.

The SBFC Finance IPO opened on August 3 and closed on August 7. The price band for the IPO was ₹54 to ₹57 per share.

Robust subscription

On its last day, the SBFC Finance IPO was subscribed 70.16 times, receiving bids for 936.76 crore equity shares against 13.35 crore shares on offer.

While the qualified institutional buyer (QIB) portion was subscribed 192.90 times, the non-institutional investors portion was subscribed 49.09 times. The retail portion also witnessed good participation and was subscribed 10.99 times. The employee portion was subscribed 5.87 times.

Grey market premium

The shares of SBFC Finance are currently commanding a grey market premium (GMP) of ₹40 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the SBFC Finance IPO allotment status, visit the registrar’s website here.
• Click on ‘Company Selection’ and then select ‘SBFC Finance’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Click on ‘Search’.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the SBFC Finance IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘SBFC Finance’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

SBFC Finance listing date

The shares of SBFC Finance will be listed on the stock exchanges on August 16.

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