The listing date of Rs 1,025 SBFC Finance IPO is expected to be announced anytime today. According to the information available on the BSE website, SBFC Finance shares will be listed and admitted to dealings on the Exchange soon. After the BSE notice on the SBFC Finance IPO listing date last week, market observers are anticipating the share listing date today and the tentative SBFC Finance IPO listing date is August 16, 2023.
Ahead of the official announcement of the SBFC Finance IPO listing date, the grey market continues to remain bullish for the public issue and expects a robust debut of SBFC Finance shares. According to market observers, shares of SBFC Finance Limited are available at a premium of Rs 30 in the grey market as of Monday (August 14).
SBFC Finance IPO GMP today
According to market observers SBFC Finance IPO grey market premium (GMP) today is Rs 30, up Rs 2 from its Saturday GMP of Rs 28. Market observers said that the issue has received a robust response from investors. This GMP signals a positive listing of SBFC Finance IPO shares on the listing date.
SBFC Finance IPO GMP at Rs 30, indicates that the grey market is expecting SBFC Finance IPO listing price to be around Rs 87 ( Rs 57 + Rs 30), which is over 50% of the SBFC Finance IPO price band at Rs 54 to Rs 57 per equity share.
One should note that the grey market is mostly and completely speculative and thus GMP alone should not be considered an ideal indicator for assessing expecting listing premium from any IPO. The listing premium of any stock can be assessed by looking at the company’s balance sheet.
SBFC Finance has raised Rs 1,025 crore from its maiden public issue. The company had fixed the price band for the offer at Rs 54-57 per share. The company had fixed the price band for the offer at Rs 54-57 per share.
The issue received a robust response from the investors during the bidding process and was overall subscribed more than 74 times.
About the company:
SBFC Finance Private Limited offers financing solutions. The Company provides loans against property, personal, secured, and gold loans.
As per the company’s annual report, in FY22, the company’s secured MSME disbursements grew by 124% to reach Rs 1,333 Crores. This led to a growth of 4.27% in total income to Rs 533 Crores compared to Rs 511 Crores in the previous year. The firm’s Profit After Tax (PAT) stood at Rs 64 Crores compared to Rs 85 Crores in the previous year.
