New Delhi, Nov. 11 -- The allotment of the Finbud Financial IPO will be finalised on Tuesday, November 11. The SME IPO had opened for bidding on November 6 and closed on November 11.

The SME IPO concluded on Monday with solid traction, being oversubscribed 4.19 times. Demand was robust across all investor categories, led by Qualified Institutional Buyers (QIBs) with 7.6 times subscription, while retail and non-institutional investors (NIIs) subscribed 2.54 times and 2.42 times, respectively.

Finbud Financial's IPO is a book-built issue valued at Rs.71.68 crore, consisting entirely of a fresh issue of 0.50 crore shares.

The price band is fixed between Rs.140 and Rs.142 per share, with a lot size of 1,000 shares. For retail investors, th...