Home

Question

Which financial company is planning to raise Rs 1,200 crore through an IPO(as of June 2023)?
  • SBFC Finance
  • Tata Motors
  • Tata Technologies
  • Gandhar Oil Refinery
Answer- A
Mumbai-based non-banking financial company SBFC Finance aims to raise Rs 1,200 crore through an IPO. The offering will consist of fresh issuance of shares worth Rs 750 crore and an OFS of Rs 450 crore. The OFS portion includes contributions from Arpwood Partners Investment Advisors LLP, Arpwood Capital Private Limited, Eight45 Services LLP, and SBFC Holdings Pte. Ltd. Hence, option 'A' is correct.