SBFC Finance IPO to open for public subscription on Thursday, 3 August, and will close on Monday, 7 August. The bidding for anchor investors concluded on Wednesday, wherein the company collected Rs 304.43 crore. The price band for its public issue at Rs 54-57 per equity share of face value Rs 10 each. At the upper end of the price band, the company’s promoters and shareholders seek to raise Rs 1,025 crore from the IPO. Ahead of the public issue, SBFC Finance shares’ GMP rose to Rs 40 per equity share, 70% over the upper end of the share price on offer.