SBFC Finance Ltd IPO to open on Thursday, August 3, 2023, Sets price band at Rs 54 – 57 per Equity share
by Shrutee K Price Band of Rs 54 – Rs 57 per equity share bearing face value of Rs 10 each (“Equity Shares”) Bid/Offer Opening Date – Thursday, August 3, 2023 and Bid/Offer Closing Date – Monday, August 7, 2023. Minimum Bid Lot is 260 Equity Shares and in multiples of 260 Equity Shares thereafter. The Floor Price is 5.4 times the face value of the Equity Share and the Cap Price is 5.7 times the face value of the Equity Share. MUMBAI, JULY 31, 2023 : SBFC Finance Limited (” Company ”) is a systemically important, non-deposit taking non-banking finance company (“ NBFC-ND-SI ”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals has fixed the price band at Rs 54 to Rs 57 per Equity Share for its maiden public offer. The initial public offering (“ IPO ” or “Offer” ) of the Company will open on Thursday, A