The initial public offering (IPO) by SBFC Finance will open for subscription on Thursday, 3 August and conclude on 7 August. The non-banking lender has fixed its price band in the Rs 54–57 range. The company is aiming to raise Rs 1,025 crore through the issue, comprising fresh issuance of shares worth Rs 600 crore and offer for sale (OFS) worth Rs 425 crore, according to the Red Herring Prospectus (RHP) filed before markets regulator Securities and Exchange Board of India (SEBI).