SBFC Finance IPO allotment declared. GMP, how to check allotment status online

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SBFC Finance IPO: Allotment of shares for the initial public offering (IPO) of SBFC Finance Ltd has been declared and those who have applied for the public issue worth ₹1,025 crore can check SBFC Finance IPO allotment status online by logging in at BSE website or at its official registrar's website. Meanwhile, after share allocation, grey market sentiments have remained bullish in regard to the public issue. According to market observers, shares of SBFC Finance Limited are available at a premium of ₹39 in grey market today.

Market observers said that SBFC Finance IPO grey market premium (GMP) today is ₹39, which is Re 1 lower from its yesterday's GMP of ₹40. They said that the public issue has received strong response from investors and the issue is fairly priced. So, both secondary and primary market is expected to respond strongly to this initial offer.

This could be the major reason for unlisted stock market being steady on this IPO. Bidders, who have applied for the public issue are advised to check SBFC Finance IPO allotment status online by logging in at the official BSE website — bseindia.com. For an alternative, they can check their application status online by logging in at the official website of its registrar — KFin Technologies Limited.

However, for more convenience, one can login at direct BSE link — bseindia.com/investors/appli_check.aspx or at direct KFin Tech web link — kprism.kfintech.com/ipostatus. 1] Login at direct BSE link; 2] Select 'Equity' in issue type; 3] Write Application Number or PAN Number whichever you have; 4] Click at 'I'm not a robot'; and 5] Click at 'Search' button. Your SBFC Finance IPO allotment status will become available on your computer monitor on the display of your cell phone.