SBFC Finance IPO: How to check share allotment status

SBFC Finance IPO: SBFC Finance's initial public offer (IPO), worth an estimated Rs 1,025 crore, concluded on August 10 with an overall subscription of more than 70 times. The basis of the allotment of shares under the SBFC Finance IPO is set to be finalised on August 10. Successful bidders will get SBFC Finance shares credited into their demat accounts on August 14, whereas other participants will have refunds initiated on August 11.SBFC Finance shares will likely be listed on stock exchanges BSE and NSE on August 16.

SBFC Finance IPO: Here's a step-by-step guide on how to check the allotment status

Those who participated in the SBFC Finance can check the status of their application online in two ways: through the BSE website and through the website of the registrar.

How to check the allotment status through the BSE website

Step 1: A bidder is required to visit the official website of the BSE to check the status of the IPO application online. Login at the direct BSE link — bseindia.com/investors/appli_check.aspx

Step 2: Select the option of 'Equity' under 'Issue Type'

Step 3: Select 'Issue Name'. Either enter your application number in the box or provide your PAN detail to proceed further.

Step 4: Click on 'I'm not a robot' and then submit.

The status of your SBFC Finance IPO application status will appear on the screen.

How to check the allotment status through the registrar's website

A bidder is required to log in at the direct Kfin Technologies website — kprism.kfintech.com/ipostatus and follow through to check the status of the IPO application online.SBFC Finance IPO allotment status check on Kfin TechnologiesA bidder may log in at the direct KFintech website — kprism.kfintech.com/ipostatus to check the status of the IPO application online

Step 2: Select- SBFC Finance IPO

Step 3: Bidder then has to enter PAN details

Step 4: Click on the 'Search' option.

The status of your SBFC Finance application status will appear on the screen.

The IPO of a non-banking finance company was got subscribed 70.16 times on the last day of subscription on August 7, Monday. The Rs 1,025 crore-initial share sale received bids for 9,36,76,63,500 shares against 13,35,12,817 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) of non-banking finance company was subscribed a whopping 192.89 times while non-institutional investors quota received 49.09 times subscription. The portion meant for Retail Individual Investors (RIIs) got subscribed 10.99 times.

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