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SBFC Finance IPO GMP Today 2024, Grey Market Premium Today, Subscription Status

SBFC Finance IPO GMP Today 2024 : The purpose of this article is to provide you with details about the SBFC Finance IPO and the HBFC Finance IPO GMP Today. By reading this piece, you will gain the necessary information required to make a well-informed decision about investing in these IPOs and potentially earn significant returns.

Currently, there is a continuous succession of new companies going public through IPOs. This allows investors to participate in the bidding process for these IPOs. However, it is crucial for investors to thoroughly understand the company and its GMP before making any investment decisions. In order to make an informed decision about subscribing to an IPO, it is important to have knowledge of the grey market premium associated with it. This article will give you all the information you need about the current grey market premium for the HBFC Finance IPO. So be sure to read it completely.

SBFC Finance IPO GMP Today 2024

The HBFC Finance IPO will be available for investors to participate in starting from 3rd August 2024. Investors will have the opportunity to place bids on this IPO until 7th August 2024, which falls on a Thursday. To get more details and participate in the bidding process, please refer to the article. When it comes to the lot size, SBFC finance offers 1 lot that includes a total of 260 shares. The price range for this lot is set between 54 and 57.

The company intends to conduct a fresh share sale worth 600 crores, which includes an offer for sale of 425 crores. The HBFC Finance Initial Public Offering (IPO) is set to be listed on both the BSE and NSE exchanges on August 16. Please see below for the latest information regarding the Grey Market Premium (GMP) of the HBFC Finance IPO.

SBFC Finance IPO GMP Today

SBFC Finance IPO GMP Today 2024 Details

Name of the company SBFC finance private limited
IPO opening date 3rd August 2024
Face value 10 per share
Price band 54 to 57
SBFC finance lot size 260 share
Issue size 1025 crore ( fresh issue 600 and 425 OFS )
Listing at BSE & NSE
Minimum investment for retail investors 14,820 INR
Article Category IPO
Category News
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Official website Click Here

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SBFC Finance IPO GMP Today – About The Company

In order to make an informed investment in any IPO, it is crucial to have knowledge about the company. In this article, we will provide you with information regarding the GMP of SBFC Finance IPO. It should be noted that SBFC finance company offers loans to entrepreneurs, business owners, and salaried individuals.

HBFC, a financial company, offers funding to start-ups in order to support their initial expansion. The company is preparing to generate 1025 crore through an Initial Public Offering (IPO). Established in 2008, HBFC is a non-banking finance company specializing in providing secured loans to Micro, Small, and Medium Enterprises (MSMEs), as well as loans backed by gold.

The main clientele of the company consists of entrepreneurs, self-employed individuals, as well as salaried and working-class individuals. With a presence in approximately 66 districts across India, the company has established a nationwide network. In the financial year 2023, the company recorded a net profit of 149 crore, while in the previous year (2022), it achieved a net profit of 64 crore.

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SBFC Finance IPO GMP 2024 

The IPO for HBFC finance will commence on August 3, 2024, and investors will have until August 7, 2024, to place their bids. The company has set aside 10.25 crore shares specifically for its employees. Who will receive a discount of 2 rupees per share. Additionally, the company has allocated 50% of the shares for Qualified Institutional Buyers (QIBs), while 35% of the shares are reserved for Retail investors.

SBFC Finance IPO GMP Today

Today, the grey market premium (GMP) for HBFC finance IPO is +40, indicating that the unlist market is trading the IPO at 40 INR. It is anticipate that the listing price for this IPO will be 97 INR. Which is a significant increase of 70% compare to the IPO price.

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SBFC Finance IPO GMP – Important Dates

As an investor looking to invest in SBFC finance IPO, it is crucial for you to take note of the significant dates associate with the initial public offering.

Event Important dates
IPO opening date 3 August 2024
IPO close date 7 August 2024
Allotment date 10 August 2024
Refund processing date 11 August 2024
The credit of shares to the Demat account 14 August 2024
SBFC finance IPO listing date 16 August 2024

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SBFC Finance Current IPO As Of 2nd August 2023

As of August 2nd, 2024, the IPO is being trade in the grey market at a premium price of 38 INR. This indicates that the IPO is project to be list at 95.5 INR.

SBFC Finance Objective Of The Issue

  • Ensure that you are prepare to meet any future capital requirements.

SBFC Finance IPO Lot Size 

Category of investors Lot Share Amount
Retail ( min ) 1 260 14,820
Retail ( max ) 13 3380 192,660
S – SNI ( Min ) 14 3,640 207,480
S – SNI ( Max ) 67 17,420 992,940
B – HNI ( Min ) 68 17,680 1,007,760

Conclusion

Currently, new businesses are going public through IPOs in rapid succession. As a result, investors can take part in the IPO auction process. Before choosing an investment, investors must, however, have a complete understanding of the business and its GMP. The accompanying grey market premium must be understood in order to make an educated choice regarding subscribing to an IPO. You can find all the details you want about the current grey market premium for the HBFC Finance IPO in this post. Be careful to read it all the way through.

SBFC Finance IPO GMP Today FAQ’S

What is the GMP of Utkarsh Small Finance Bank today?

Utkarsh Small Finance Bank latest IPO GMP Today is ₹16.10(+/-), last updated on Jul 21st 2023 09:54 AM. Given at the price band of 25.00, the estimated listing price for the Utkarsh Small Finance Bank IPO is ₹41.1 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 64.40%.

What is GMP price in IPO?

Grey market premium or GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges. For instance, LIC fixes its IPO price at Rs 90 per share and its IPO GMP is 50, then the organisation will get listed at Rs 140.90.

Is Utkarsh Small Finance Bank IPO good?

Due to its dedication to marginalized populations, Utkarsh SFB is well-positioned to profit from the expansion of the SFB industry. We will advise locking this gain after listing at such a level, but bold investors can decide to purchase during any future downturn.

What is GMP per share?

IPO GMP refers to the difference between the price at which shares are traded in the grey market and the issue price set by the company. Hence, we can use the below-mentioned formula for GMP calculation: GMPR = Grey Market Premium * Number of shares.

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