The shares of SBFC Finance Ltd. were listed on the National Stock Exchange at Rs. 82 per share, a premium of 43.85% over the IPO price of Rs. 57. On the BSE, the stock debuted at 81.99 rupees, a premium of 43.84%.
The IPO, valued at 1,025 crore rupees, was subscribed 70.16 times. Bidding was led by qualified institutional buyers who subscribed 192.90 times, followed by non-institutional investors who subscribed 49.09 times. Retail investors subscribed 10.99 times. The part reserved for employees was drawn 5.87 times.
The company raised 304 crore rupees from anchor investors prior to the IPO. According to the BSE circular, 5.34 crore shares were distributed to 37 funds at an average price of 57 rupees a share.
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