SBFC Finance IPO | People have invested a lot of money on this IPO, 70% profit even before listing?

SBFC Finance IPO | People have invested heavily on the IPO of non-banking finance company SBFC Finance. SBFC Finance’s IPO is more than 74 times the stake. The company’s shares are also getting a strong response in the gray market.

SBFC Finance’s IPO opened for subscription on August 3 and closed on August 7. The company’s shares can be listed on the stock exchange on August 16.

SBFC Finance IPO – GMP reaches Rs 40

The price band of SBFC Finance’s IPO is Rs 54-57. The grey market premium of the company’s shares has reached Rs 40. If the company’s shares are allotted at an upper price band of Rs 57, then the company’s shares can be listed on the stock exchange at Rs 97.

That is, in the IPO of SBFC Finance, investors can get more than 70% profit on the day of listing. The allotment of shares in the company’s IPO will be finalized on August 10.

SBFC Finance IPO – Subscribed more than 74 times

SBFC Finance’s IPO total has been subscribed 74.03 times. This data is from the time of writing the news. The retail quota of the company’s IPO has been subscribed 11.54 times.

At the same time, the quota of qualified institutional investors (QIB) has been subscribed 203.61 times. While the quota of non-institutional investors (NII) has been subscribed 51.81 times. In the company’s IPO, the employee quota has been subscribed 6.15 times.

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