SBFC Finance today's IPO allocation: Check your application status and the most recent GMP.

The SBFC Finance IPO went on sale between August 3 and August 7 and received a response by 74.06 times. Each share was sold at between Rs 54 and Rs 57.

On Thursday, SBFC Finance is set to decide based on allocating its shares. The shadow lender's Rs 1,025 crore primary offering garnered a strong response from investors throughout the bidding process and was ultimately oversubscribed by more than 74 times.

260 shares per lot were sold in the SBFC Finance IPO between August 3 and 7, with prices ranging from Rs 54 to 57 per share. The section reserved for qualified institutional bidders was 203.61 times, while the category for non-institutional investors received 51.82 times as many reservations. The retail investor quota received 11.60 times as many bids as the employee quota, which brought in 6.21 times as many.

The SBFC Finance's Grey Market Premium (GMP) has primarily remained steady. In the grey market, SBFC Finance sold for a premium of Rs 38–40, which was around the same as on Wednesday. According to the grey market signal, the investors who will receive the share allocation ought to list at 70%.

A non-banking offering the organization founded in 2008, SBFC offers secured MSME loans and loans against gold primarily to business owners, entrepreneurs, salaried employees, and members of the working class. With more than 157 Branches distributed throughout 105 cities in 16 states and two union territories, the company has a broad pan-Indian network.

The majority of brokerage companies have a favorable opinion of the issue and encourage investors to subscribe to it because of its superior business plan, pan-India network, good return ratios, and lower cost of funds.

Investors can check the allotment status on the Bombay Stock Exchange (BSE) website at https://www.bseindia.com/investors/appli_check.aspx if they bid for the issue yet have not verified the status of their application. They can choose their company name and pick Equity as the form of issuance type to carry on. Before passing "I am not a Robot" and clicking submit, all that is required are the application numbers and the PAN card ID.

On the website of Kfin Technologies Limited, the issue's applicant (https://kosmic.kfintech.com/ipostatus), investors can also track the allotment status. If the distribution is final, choose the firm name from the list of choices.  Before clicking the submit button, correctly fill out the captcha and the application number, Demat Account number, or PAN ID.

According to the prospectus, the registrar is a Sebi-registered company that is allowed to operate in that ability, processes all applications online, and administers the reservation process. It is in charge of following to dates for updating the electronic credit of shares for eligible applicants, delivering and uploading refunds, and replying to all investor-related inquiries.

On Friday, August 11, payments for bidders who failed to receive an allocation in the IPO can start. By Monday, August 14, people who would get shares could see the credit of shares to their Demat accounts. On Wednesday, August 16, the IPO's listing is most likely to take place.

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