Golden opportunity for investors to earn, SBFC Finance IPO opens today, know all details with price band
SBFC Finance IPO: Today is going to be a very important day for investors investing in the Indian stock market. Today the IPO of SBFC Finance is going to open for investors as soon as the market opens. The company's IPO will be open till August 7. The company's IPO will be listed on the Indian stock market on August 16.
The process of IPO is still going on in the Indian stock market. Investors in the Indian market are eagerly waiting for the new IPO. Today the IPO of Mumbai-based finance company SBFC Finance Limited has opened. The company's IPO will be open from August 3 to August 7. The company has issued an issue of Rs 1,025 crore. The company has fixed the price band of the IPO at Rs 54 to Rs 57 per share.
The company's IPO will be listed on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) on August 16, 2023 (Wednesday). The company's IPO will close on August 7. After this, on August 10, the shares of the company will be allotted to the investors. At the same time, on August 11, the investors will get a refund from the company. At the same time, on August 145, the shares will be deposited in the Demat account of the investors. The company's lot size is 260 shares with an amount of Rs.14,820.
The company plans to raise Rs 1025 crore through this IPO.
The funds raised by the company from its IPO will be used to meet future capital requirements. The Registrar to the Company's IPO is Keffin Technologies Limited.
SBFC Finance Limited is a Non-Deposit-Taking Non-Banking Finance Company. It is a Non-Banking Finance Company, SBFC serving entrepreneurs and small business owners. It serves those businesses that are deprived of traditional financial institutions like banks.
