The initial public offering will open for subscription on Thursday. IT will conclude on August 7, Monday. The company has fixed a price band of Rs 54-57 per share.
The initial public offering (IPO) of SBFC Finance will open for subscription on August 3. The issue closes on August 7. The company s shares are expected to get listed on both exchanges. Here are 10 things to know about the offer.
SBFC Finance Rs 1025 cr IPO opens on 3 August; price-band at Rs 54-57 per share financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The next week is set to be busy for Dalal Street with five IPOs, including both main board and SME, to hit primary markets. SBFC Finance s IPO has a price band of INR54-INR57 per share, raising INR600 crore and issuing fresh equity of shares. Concord Biotech, backed by private equity firm Quadria Capital, will launch its IPO on 4 August and close on 8 August. In the SME market, Oriana Power, Vinsys IT Services India, and Yudiz Solutions offering IPOs.
SBFC Finance IPO | The minimum investment by retail investors would be Rs 14,820 per lot or 260 shares and the maximum they can invest is Rs 1,92,660 for 3,380 shares or 13 lots, as they can invest up to Rs 2 lakh in IPO