SBFC Finance IPO listing date today. GMP, experts predict over 50% listing gain for allottees

livemint.com:

SBFC Finance IPO: Listing date for the initial public offering (IPO) of SBFC Finance Limited has been fixed on 16th August 2023 i.e. today. As per the information available on BSE website, effective from Wednesday, August 16, 2023, the equity shares of SBFC Finance Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities.

SBFC Finance share price will listed on BSE and NSE during special pre-open session at 10:00 AM on Wednesday, 16th August 2023, BSE notice further informed. Asked about SBFC Finance IPO listing price, stock market experts said that SBFC Finance share price may have a strong debut on Dalal Street as the public issue received strong response from investors due to reasonable pricing and impressive growth of the company. They said that these factors are going to favour the IPO on listing date as well.

However, they maintained that much will depend upon the market mood. In bulls' case, SBFC Finance IPO expected listing price could be around ₹95 to ₹100 whereas in case of weak stock market's opening, SBFC Finance IPO listing price could be around ₹90 apiece levels. Expecting SBFC Finance share price opening at strong premium, Abhay Doshi, Founder at UnlistedArena.com said, "The IPO of SBFC Finance received an excellent response, which can be attributed to its impressive growth and sensible valuations that resulted in strong subscription.