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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.