SBFC Finance Ltd. has announced public offering of 179824561 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 47.00 per share. The gross proceeds of the issue are expected to be Rs 1,02,500.00 lakhs.
The company's initial public offer (IPO) will open on 03 August 2023 and is expected to close on 07 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 54.00-57.00 per share.
The IPO includes a fresh Issue of 179824561 Equity Shares of the Company at an price of Rs 57.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 260 shares with bids in multiples of 260.
SBFC Finance Ltd. anticipates using the proceeds of the issue for .
Axis Capital Ltd.,Kotak Mahindra Capital Company Ltd.,ICICI Securities Ltd as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.