Mumbai: The ₹1,025-crore initial public offering of Delhi-NCR-based SBFC Finance was subscribed 70.16 times on the final day of bidding on Monday. The issue received bids for 936.67 crore shares against the 13.35 crore shares on offer.
The qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor’s portion was subscribed 49.09 times. Retail portion was subscribed 10.98 times.
The issue, which opened on Thursday, was sold in the price range of ₹54-57 a share.
The NBFC raised ₹304.43 crore from anchor investors last week ahead of its initial public offering by allocating 5.34 crore shares at ₹57 apiece to 37 anchor investors.
Anchor investors include Abu Dhabi Investment Authority, Carmignac Portfolio, Axis MF, Birla Mutual Fund, Loomis Sayles, and Neuberger Berman. Domestic mutual funds such as ICICI, SBI, and HDFC also participated in the anchor book.
