SBFC Finance IPO: Issue subscribed over 47 times on day 3 so far; QIBs steal the show

livemint.com:

IPO subscription status: SBFC Finance IPO was subscribed 47.68 times on day 3 so far. SBFC Finance IPO opened on Thursday, August 3 will close today (Monday, August 7). SBFC Finance IPO received overwhelming response from qualified institutional buyers (QIBs) followed by non institutional investors (NIIS), and retail investors on day 3.

SBFC Finance IPO's QIBs portion was subscribed 118.79 times, NII portion was subscribed 44.34 times, retail investors portion was subscribed 9.75 times, and employee portion was subscribed 5.11 times so far. The SBFC Finance IPO has received bids for 6,65,83,61,580 shares against 13,35,12,817 shares on offer, at 14:45 IST, according to data from the BSE. The non-institutional investors' portion received bids for 1,25,79,97,520 shares against 2,81,87,500 on offer for this segment.

Also Read: Yatharth Hospital shares list at a muted premium of ₹4 per share on BSE. Details here The retail investors' portion received bids for 64,54,05,020 shares against 6,57,70,833 shares on offer for this segment. The employee portion received bids for 1,01,25,180 shares against 19,71,153 on offer for this segment.

The QIBs portion received bids for 4,74,48,33,860 shares against 3,75,83,331 on offer for this segment. SBFC Finance IPO price band has been set at ₹54 to ₹57 per equity share for the proposed initial public offer. SBFC Finance IPO lot size consists of a minimum of 260 equity shares and in multiples of 260 equity shares thereafter.