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.
The Selling Shareholders will be entitled to the entire proceeds of the Offer after deducting the Offer expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer.
| IPO Opening Date | 9 Nov 2022 |
|---|---|
| IPO Closing Date | 11 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 Equity Share |
| IPO Price | ₹450 to ₹474 per share |
| Market Lot | 31 Shares |
| Min Order Quantity | 31 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares of ₹1 (aggregating up to ₹1,960.01 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹1,960.01 Cr) |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| 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 |
Five Star Business Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹1,960.01 Crores. The issue is priced at ₹450 to ₹474 per share. The minimum order quantity is 31 Shares.
The IPO opens on Nov 9, 2022, and closes on Nov 11, 2022.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Five Star Business Finance IPO opens on Nov 9, 2022 and closes on Nov 11, 2022.
Five Star Business Finance IPO lot size is 31 Shares and the minimum order quantity is 31 shares.
You can apply in Five Star Business Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Five Star Business Finance IPO will be done on Nov 16, 2022, and the allotted shares will be credited to your demat account by Nov 18, 2022.
Check the IPO allotment status.
The Five Star Business Finance IPO listing date is Nov Nov 21, 2022. The tentative date of Five Star Business Finance IPO listing is Nov Nov 21, 2022.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Five Star Business Finance IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
