sbfc finance ipo

How to Check KFIN Technologies’ Allotment Status for the SBFC Finance IPO Allotment in 2023

SBFC Finance shares will be distributed on Thursday, August 10.

SBFC Finance IPO Allotment: Investors in the Mumbai-based financial services provider, which launched its initial public offering on Thursday, August 3, are now waiting to see if they have been assigned shares in the business.

SBFC Finance shares will be distributed on Thursday, August 10.

The IPO drew a lot of attention, resulting in a high subscription rate.

The entire offer size for the company’s IPO is Rs 1,025 crore, of which Rs 425 crore in shares would be distributed through the offer for sale.

Here’s how to check the status of your allotment.

Allotment of SBFC Finance IPO

Investors can verify the status of their share allotment online by following a few simple steps.

The allotment status can be verified on the BSE website or the IPO registrar, KFinTechnologies.

How Can I Check the Status of SBFC Finance IPO Allotment on KFintech?

1

  1. For IPO status, go to kprism.kfintech.com/ipostatus on the KFin Technologies website. ↩︎
  • Select “SBFC Finance IPO” from the drop-down menu.
  • Enter your PAN (Permanent Account Number) or the application number or DPID that you used when you applied to the IPO.
  • Press the “Submit” button.

How To Check The Status Of SBFC Finance IPO Allotment On BSE?

  • Go to the BSE’s official website at bseindia.com/investors/appli_check.aspx.
  • Select ‘Equity’ as the ‘Issue Type.’
  • Choose ‘Issue Name’ and enter your application number or PAN.
  • Complete and submit the ‘I’m not a robot’ verification.
  • The status of your SBFC Finance IPO application will be displayed on the screen.

Subscription Status for SBFC Finance IPO

SBFC Finance IPO Subscription Status

On Monday, the IPO was subscribed to 70.16 times.

192.90 times for institutional investors.

Investors who are not institutional: 49.09 times.

10.99 times for retail investors.

Employee has been reserved 5.87 times.

Day 2 of Subscription Status

As of Friday, the IPO had been subscribed to 7.09 times.

  • 6.71 times for institutional investors.
  • 12.95 times for non-institutional investors.
  • 4.93 times for retail investors.
  • 2.44 times the employee has been reserved.

Status of Subscription: Day 1

As of Thursday, the IPO had been subscribed to 1.91 times.

  • 0.03 times for institutional investors.
  • 4.12 times for non-institutional investors.
  • 2.06 times for retail investors.
  • 1.10 times the employee was reserved.

The Mumbai-based financial services firm was the 13th to reach the major markets in 2023 and is among the top five in terms of IPO subscription. IdeaForge Technology, Utkarsh Small Finance Bank, Netweb Technologies, and Senco Gold are among the others.

So Far, 2023 Initial Public Offerings

SBFC Finance IPO specializes in secured MSME loans and gold loans. Its assets under management increased at a CAGR of 44% between fiscal 2019 and fiscal 2023.On BQ Prime, you may get live stock market updates, business news, today’s latest news, trending articles, and videos. Subscribe to gain complete access to Exclusives.

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