SBFC Finance Listing: There has been a bang listing of SBFC Finance shares on NSE and BSE. As against the price of Rs 57 per share, its shares are listed on NSE at Rs 82 per share. The listing of SBFC Finance shares on NSE and BSE has been done with a premium of around 44 per cent. This means that investors have got a handsome profit of about 44 per cent on each share allotted in this IPO.
How many rupees are the shares of SBFC Finance listed on BSE?
The listing of SBFC Finance shares on BSE has been done at Rs 81.99 and in this also investors have got to see the listing at 43.8 per cent premium.
Rs 25 profit on each share
SBFC Finance shares were priced at Rs 57 in the upper band in the IPO and today the shares are listed at Rs 82 (NSE). In this way, investors have got a profit of Rs 25 on SSE on each share.
How was the response to the IPO of SBFC Finance?
Investors had invested heavily in the IPO of non-banking finance company SBFC Finance and the issue was subscribed more than 70 times. In the IPO of SBFC Finance, investors had subscribed between August 3 and 7. The company had fixed a price band of Rs 54 to 57 per share per share.
Listing of SBFC Finance shares as per GMP
Significantly, before the listing of the shares of SBFC Finance, its shares were trading at a premium of Rs 26 in the gray market. Therefore, the listing of the company's shares has been seen to be done more or less according to GMP.
What does SBF Finance Company do?
SBF Finance Company mainly works to provide loans to small business i.e. MSME. Apart from this, it also gives loans to salaried and employed people. The target of this company is those people who usually do not get loan from the bank.
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