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Five Star Business Finance Limited IPO Detail

Five Star Business Finance Limited IPO Detail

Incorporated in 1984, Five Star Business Finance Limited is an NBFC-ND-SI (Non-Banking Finance Company) providing secured business loans to micro-entrepreneurs and self-employed individuals. The company has an extensive network of 268 branches as of September 30, 2021, spread across approximately 126 districts, eight states and one union territory, with Tamil Nadu, Andhra Pradesh, Telangana and Karnataka being the key states.

Five Star Business Finance Limited has created a business model based on identifying an appropriate risk framework and the ideal instalment-to-income ratio to make sure that customers have the resources to repay the loan after meeting their regular obligations and other event-based capital requirements.

The company is headquartered in Chennai, Tamil Nadu with a strong presence in south India. As of September 30, 2021, we had a total of 4,306 employees.

The company has provided loans to more than 185,000 customers in total. They had an active loan base of 176,467 as of March 31, 2021.

With more than 30,000 million in AUM, the company has the fasted AUM growth among the compared peers. As of September 30, 2021, and March 31, 2021, the company's Total Borrowings were Rs. 28,542.54 million and Rs. 34,251.97 million, respectively.

Company Promoters

Lakshmipathy Deenadayalan, Hema Lakshmipathy, Shritha Lakshmipathy, Matrix Partners India Investment Holdings II, LLC and SCI Investments V are the company promoters.

IPO Details

IPO Opening DateNov 09, 2022
IPO Closing DateNov 11, 2022
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹450 - 474 per equity share
Market Lot31 Shares
Min Order Quantity31 Shares
Listing AtBSE, NSE
Issue Size₹2,751.95 Cr
Fresh Issue₹2,751.95
Offer for Sale-
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.03x 0x 0.03x 0x - 0.03x
Day 2 1.01x 0.02x 0.06x 0x - 0.32x

IPO Tentative Timetable

The Five Star Business Finance Limited IPO open date is Nov 09, 2022, and the close date is Nov 11, 2022. The issue may list on Nov 21, 2022.

IPO Open DateNov 09, 2022
IPO Close DateNov 11, 2022
Basis of Allotment DateNov 16, 2022
Initiation of RefundsNov 17, 2022
Credit of Shares to Demat AccountNov 18, 2022
IPO Listing DateNov 21, 2022

IPO Lot Size

The Five Star Business Finance Limited IPO market lot size is 31 shares. A retail-individual investor can apply for up to 14 lots (434 shares or ₹205716).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding44.16%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
30-Sep-20 5257.38 504.48 189.13
31-Mar-21 5793.61 1051.26 358.99
30-Sep-21 6374.58 611.24 217.55

Objects of the Issue:

The Company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.

Five Star Business Finance Limited IPO Registrar:

KFin Technologies Limited

Five Star Business Finance Limited IPO Lead Manager(s):

ICICI Securities Limited Edelweiss Financial Services Ltd Kotak Mahindra Capital Company Limited (Past IPO Performance) Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)

Company Contact Information:

Five Star Business Finance Limited

New No. 27, Old No. 4, Taylor's Road