SBFC Finance IPO: Latest GMP, price band, risks, and other key details

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₹525 for the nine months ending in December. During that time, the company made profit of ₹107. It has 137 branches spread throughout 105 locations, and as of December 2022, it had 94,997 customers, up from 40,432 in FY20.

SBFC Finance IPO's floor price is 5.4 times the face value of the equity share and the cap price is 5.7 times the face value of the equity shares. The price to earning ratio for fiscal 2023 based on diluted EPS at the floor price is 33.33 times at the cap price is 35.19 times. In March, SBFC Finance refiled its IPO papers with capital market regulator Securities and Exchange Board of India (SEBI), where they reduced the IPO size to ₹1,200 crore from ₹1,600 crore earlier.

Also Read: Yatharth Hospital IPO Allotment: GMP, how to check allotment status Here are the 10 key things to know about SBFC Finance IPO: SBFC Finance IPO dates: SBFC Finance IPO opens for subscription on Thursday, August 3, and closes on Monday, August 7. SBFC Finance IPO price band: The company has fixed the price band at ₹54 to ₹57 per equity share for the proposed initial public offer. SBFC Finance IPO lot size: Bids can be made for a minimum of 260 equity shares and in multiples of 260 equity shares thereafter.

Anchor Investors: The allocation to anchor investors for SBFC Finance IPO is scheduled to take place on Tuesday, August 2. SBFC Finance IPO details: SBFC Finance IPO comprises of fresh issuance of equity shares worth ₹600 crore and an offer for sale (OFS) of ₹425 crore, according to the Red Herring Prospectus (RHP). The total offer size of SBFC Finance IPO now is ₹1,025 crore.