The initial public offering of SBFC Finance will open for subscription on Thursday, August 3 and the issue can be subscribed till Monday, August 7, 2023.
SBFC is a non-deposit taking NBFC that offers secured micro, small, and medium enterprises (MSME) and gold loans. Its 87% of the assets under management (AUM) consists of the loans with ticket size between Rs 5 lakh and Rs 30 lakh
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 company will utilise the net proceeds from the issue towards augmenting the company s capital base to meet its future capital requirements arising out of the growth of its business and assets.