SBFC Finance Ltd. makes a strong debut on the bourses with scrip got listed at Rs 81.99 on the Bombay Stock Exchange, a 43.84 per cent premium to its issue price of Rs 57.00. On the National Stock Exchange, the stock was listed at Rs 82.00.
The company, which raised 17.98 Cr from initial public offering, was subscribed 52.45 times, receiving bids for 94,317.98 lakhs shares against the total issue size of 1,798.25 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Aug 03 to Aug 07.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
Axis Capital Ltd.,Kotak Mahindra Capital Company Ltd.,ICICI Securities Ltd as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 65,401.92, up 79.27 points, or 0.12 per cent.