NEW DELHI: The SBFC Finance IPO share allotment is likely to be finalised today, i.e. Friday, August 10, 2023. The SBFC Finance IPO share will be allocated to investors through a lottery system, overseen by the registrar.
On the allocation date, investors will be informed about the number of shares they’ve been allotted in relation to their bids. To verify the allotment status, they have the option to utilize the BSE platform or access the registrar’s website.
How to check the SBFC Finance IPO share allotment status on BSE:
- Go to the BSE official website.
- Choose the company’s name from the dropdown menu, which corresponds to the issue name.
- Enter either the application number or PAN number to retrieve the allotment status.
The company’s shares are scheduled to be listed on stock exchanges on August 16. Notably, SBFC Finance is reported to be commanding a premium of Rs 39 in the unlisted market, as indicated by market sources.The initial public offer (IPO) of SBFC Finance garnered substantial interest from institutional investors, reaching an oversubscription rate of 70.16 times by the closing date, with Monday being the final day for investor bids.
The QIB portion of the IPO saw an overwhelming oversubscription rate of 192 times, followed by non-institutional investors at 49 times, and retail investors at nearly 11 times.
SBFC Finance IPO share allotment FAQs
- When will the share allotment for SBFC Finance be finalized?
The share allotment for SBFC Finance IPO is expected to be finalized on August 10, 2023. - How will investors receive shares in the SBFC Finance allotment process?
Investors will receive shares through a lottery basis, and the entire process will be supervised by the registrar. - How can I check the share allotment status for SBFC Finance?
Investors can check their share allotment status by visiting the BSE website, selecting the company’s name from the drop-down, and entering their application number or PAN number. - When will SBFC Finance’s shares be listed on the stock exchanges?
SBFC Finance’s shares are expected to be listed on the stock exchanges on August 16, 2023.
