IPO Issue Details
Issue Price / Price Band₹474 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size31 Shares per Lot
Total Issue Size3,35,12,901 shares (aggregating up to ₹1,588.51 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 09 Nov 2022
Subscription CloseFri, 11 Nov 2022
Anchor AllotmentMon, 07 Nov 2022
Basis of AllotmentWed, 16 Nov 2022
Initiation of RefundsThu, 17 Nov 2022
Credit of Shares to DematFri, 18 Nov 2022
Listing DateMon, 21 Nov 2022
UPI Mandate Deadline2022-11-11
Application & Investment Details
Retail — Min (1 Lots)₹14,694 — 31 shares
Retail — Max (13 Lots)₹191,022 (13 Lots)
HNI — Min (14 Lots)₹2,05,716 — 434 shares
P/E Ratio (Pre-IPO)24.76x
Pre-IPO Promoter Holding29,13,66,120 shares
Post-IPO Promoter Holding29,13,66,120 shares
About Five-Star Business Finance Ltd.
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 311 branches, as of June 30, 2022, spread across eight states and one union territory and approximately 150 districts across India, 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 230,175 and 217,745 as of June 30, 2022, and March 31, 2022, respectively.With more than 30,000 million in AUM, the company has the fasted AUM growth among the compared peers. As of June 30, 2022, and March 31, 2022, the Total Borrowings were Rs 25,203.19 million and Rs 25,588.31 million, respectively.
Objects of the Issue
Five-Star Business Finance Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To carry out the Offer for Sale and achieve the benefits of listing the Equity Shares on the Stock Exchanges
Shareholding & Lock-in
Pre-IPO Promoter Holding
29,13,66,120 shares
Post-IPO Promoter Holding
29,13,66,120 shares
Lock-in Period (30%)December 16, 2022
Lock-in Period (50%)February 14, 2023