Strong Listing | SBFC Finance debuts with 43.8 percent premium
SBFC Finance, backed by private equity firm Clermont Group and investment bank Arpwood Group, started first day trading with a 43.8% premium on Aug. 16. The number is high. 35-40% higher than analysts’ expectations. Shares opened the day at Rs 81.99 on BSE, compared to an issue price of Rs 57 per share. We have …
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