Investors bid for 150.22 crore equity shares against an offer size of 13.35 crore, subscription data available with the exchanges shows. The stock will list on August 16
The retail portion of the IPO was subscribed 3.67 times and the NII category was booked 7.7 times. The part reserved for qualified institutional buyers (QIB) was subscribed just 52% so far.
SBFC Finance IPO opens for subscription on August 3 and will close on August 7, with a price band of ₹54 to ₹57 per share. The IPO raised ₹304.4 crore from anchor investors. The total offer size is now ₹1,025 crore. The IPO subscription status on day 1 was 25% so far.