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 PromotersLakshmipathy Deenadayalan, Hema Lakshmipathy, Shritha Lakshmipathy, Matrix Partners India Investment Holdings II, LLC and SCI Investments V are the company promoters.
|IPO Opening Date||Nov 09, 2022|
|IPO Closing Date||Nov 11, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per equity share|
|IPO Price||₹450 - 474 per equity share|
|Market Lot||31 Shares|
|Min Order Quantity||31 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹2,751.95 Cr|
|Offer for Sale||-|
IPO Subscription (Bidding Detail)
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 Date||Nov 09, 2022|
|IPO Close Date||Nov 11, 2022|
|Basis of Allotment Date||Nov 16, 2022|
|Initiation of Refunds||Nov 17, 2022|
|Credit of Shares to Demat Account||Nov 18, 2022|
|IPO Listing Date||Nov 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).
IPO Promoter Holding
|Pre Issue Share Holding||44.16%|
|Post Issue Share Holding|
For the year/period ended (₹ in Crore)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
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