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SBFC Finance IPO allotment: Here are two ways you can check your application status, GMP

SBFC Finance IPO allotment

SBFC Finance IPO allotment – On Thursday, August 9, 2023, SBFC Finance is expected to finalize the basis of allotment of its shares. The Rs 1,025 crore main offering drew a strong reaction from investors during the three-day bidding period, which ran from August 3 to 7. 

SBFC Finance’s initial public offering (IPO) was offered in the range of Rs 54-57 a share and was subscribed to 74.06 times. The section for qualified institutional bidders was reserved 203.61 times, while the category for non-institutional investors was reserved 51.82 times. The retail investor quota was bid on 11.60 times, while the employee part was bid on 6.21 times. SBFC Finance’s grey market premium (GMP) has been relatively steady. In the grey market, SBFC Finance was commanding a premium of Rs 40. 

SBFC Finance IPO allotment

Firms are bullish on the issue, recommending that investors subscribe to it because of its pan-India network, good return ratios, superior business strategy, and cheaper cost of funding. However, they have identified heightened valuation concerns and rate sensitive elements as important risks for the company. Investors who bid on the issue can monitor the status of their allotment on the Bombay Stock Exchange (BSE) website: 1) Go to https://www.bseindia.com/investors/appli_check.aspx and fill out the application form. 2) Select Equity from the problem type drop-down menu. 3) In the dropbox next to the issue name, pick SBFC Finance Limited. 4) Fill in the application number. 5) Enter the PAN card ID. 6) Select ‘I am not a Robot’ and press the submit button. Investors can also verify the status of their allotment via the Kfin web site. 

According to the prospectus, the registrar is a Sebi-registered firm that is qualified to function as such and electronically processes all applications and performs the allocation procedure. Following the completion of the issue, the registrar is responsible for adhering to the timetables for updating the electronic credit of shares to successful applicants, shipping and uploading refunds, and responding to all investor-related concerns. 1) Navigate to the KFin Technologies Limited website. 2) In the dropbox, select the IPO whose name will be populated only after the allotment is finalized. 3) You may be forced to choose one of three modes: PAN ID, Application Number, or Demat Account Number 4) In the application type field, choose between ASBA and non-ASBA. 5) Fill up the mode information.