SBFC Finance and 4 other IPOs set to hit the Street this week. Check details

economictimes.indiatimes.com:

IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Dalal Street is gearing up for another busy week in the primary market as five main board and small and medium enterprises (SME) IPOs to hit the primary market this week.SBFC FinanceThe initial public offer (IPO) of non-banking lender SBFC Finance will open for public subscription on August 3 and closes on August 7. The allocation to anchor investors will be done on August 2. It has fixed price band at Rs 54-57 per share for the issue. The initial share sale comprises fresh issuance of equity shares worth Rs 600 crore and an Offer for Sale (OFS) of Rs 425 crore. The company had filed preliminary IPO papers with Sebi in November last year. Under the OFS, selling shareholders include Arpwood Partners Investment Advisors who will offload equity worth Rs 306 crore, Arpwood Capital, Eight45 Services will sell up to Rs 75 and Rs 43 crore, respectively. The proceeds from the fresh issuance worth Rs 600 crore will be used to boost its capital base to meet future capital requirements.

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Concord BiotechThe Ahmedabad-based pharma company, which is backed by private equity firm Quadria Capital and the late veteran investor Rakesh Jhunjhunwala's firm Rare Enterprises, Concord Biotech is set to launch its initial public offering (IPO) for subscription on August 4. The public issue will close on August 8. The IPO comprises only an offer for sale (OFS) of 2.09 crore equity shares by Helix Investment Holdings, the private fund operated by Quadria Capital. With this, Helix will be exiting the company. The anchor book will be launched for a