Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd., said: “SBFC Finance Limited debuted in the secondary market at a listing price of Rs. 82 versus its issue price of Rs. 57, making it another intriguing listing where investors would receive some decent returns in the IPO. That represents a premium of almost 43 per cent, although it falls short of earlier projections, which is probably a result of broader market volatility. SBFC stands out as a rapidly expanding non-banking financial company (NBFC) with robust earnings growth and stable asset quality. However, it bears the vulnerability of being sensitive to interest rates and market cycles, so in this market, after listing at such a premium, one should book profit, however, aggressive investors may hold it for the long term."Read more:
