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SBFC Finance IPO Subscription: The company will utilise net proceeds from the issue towards augmenting the company's capital base to meet its future capital requirements
The company will utilise the net proceeds from the issue towards augmenting the company s capital base to meet its future capital requirements arising out of the growth of its business and assets.
SBFC Finance Ltd has filed preliminary papers with capital markets regulator Securities and Exchange Board of India(Sebi) to raise up to Rs 1,600 crore, through an initial public offering (IPO).
SBFC Finance may explore a pre-IPO placement aggregating to Rs 150 crore. If such placement is undertaken, the size of the public issue will be reduced.