Private Equity

Liquidity Events

SBFC Finance's Rs.1,025-Cr IPO subscribed 70 times

Economic Times  

The INR 1,025-crore initial public offering of Delhi-NCR-based SBFC Finance was subscribed 70.16 times on the final day of bidding on Monday. The issue received bids for 936.67 crore shares against the 13.35 crore shares on offer. The qualified institutional buyer portion was subscribed 193 times, while the non-institutional investor's portion was subscribed 49.09 times. The retail portion was subscribed 10.98 times. The issue, which opened on Thursday, was sold in the price range of INR 54-57 a share. The NBFC raised INR 304.43 crore ahead of its initial public offering by allocating 5.34 crore shares at INR 57 apiece to 37 anchor investors.

From the Venture Intelligence PE-VC Deal Database: Between Sep-17 and Apr-22, SBFC had raised over USD 205 M from Arpwood Partners, Malabar Investments, Richard Chandler Corp, Others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)