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SBFC Finance listing was on expected lines given the consolidation in the equity markets after recent rally / better-than-expected / lower-than-expected, as analysts were expecting it to list with 35-40 percent. ....
The NBFC, which is set to make its debut on the exchanges on August 16, is expected to trade at a 35-40 percent premium over its upper price band of Rs 57, far lower than the 70 percent expected earlier. A subdued market is behind this shift ....