Five Star Business Finance IPO: Price, Public Date, Lot Size and More!

Find all the latest information about the Five Star Business Finance IPO, including the IPO Good Manufacturing Practice (GMP) Today, Price, Date, and Lot Size, right here in this article. Keep reading to stay updated and informed about this exciting opportunity. Don’t miss out on anything – read on for all the details!

Five Star Business Finance IPO

The GMP for the IPO of Five Star Business Finance is now available, commencing on November 9, 2022. The company intends to raise approximately INR 1,960 crores through its Initial Public Offering (IPO), consisting of up to INR 1,960 crores of fresh issues and offers for sale.

Five Star Business Finance Limited is an NBFC offering business financing to self-employed and microentrepreneurs. As of June 30, 2022, its network will cover up to 150 districts in India, including Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu.

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Five Star Business Finance IPO Today

Five Star Business Finance IPO

Five Star Business Finance Limited is headquartered in Chennai, Tamil Nadu, and had a total of 4,306 employees as of September 30th, 2021. The company has provided loans to approximately 185,000 customers so far. As of June 30th, 2022, the company had 230,175 active loans; as of March 31st, 2022, the number of active loans was 217,745.

Further details regarding the Five Star Business Finance IPO, such as the price, official dates, and lot size, can be found in this article. Keep reading for more information.

Price of Five Star Business Finance IPO

The Non-Banking Financial Company (NBFC) has fixed the price range for the Five Star Business Finance IPO at INR 450 to INR 474 per share. The IPO is a 100% Offer For Sale (OFS) in nature by NBC. Additionally, the book build issue has also been launched in the grey market.

IPO (Initial Public Offering) Date 9th November 2022 to 11th November 2022
Listing Date To be announced
Face Value INR 1 per Share
Price INR 450 to INR 474 per Share
IPO (Initial Public Offering) Date 9th November 2022 to 11th November 2022
Issue Type Book Built Issue IPO (Initial Public Offering)
Listing At BSE and NSE
QIB Shares Offered Not more than 50%
NII (HNI) Shares Offered Not less than 15%
Lot Size 31 Shares
Issue Size [.] Shares of INR 1
(up to INR 1,960.01 Crore)
Offer for Sale Up to 41,351,266 Shares of INR 1
(up to INR 1,960.01 Crore)
Company Promoters
  • Matrix Partners India Investment Holdings II
  • Lakshmipathy Deenadayalan
  • Shritha Lakshmipathy
  • LLC and SCI Investments V
  • ┬áHema Lakshmipathy
According to market experts, Five-Star Finance Limited shares are available at a premium price of INR 12.

When Does Five Star Business Finance Go Public?

The IPO dates for Five Star Business Finance have just been made public. The Five Star Business Finance initial public offering (IPO) is expected to begin on November 9, 2022. Soon, the IPO (initial public offering) list and the number of shares that will be given out will be made public.

Event Expected Date
Opening Date 9th November 2022
Closing Date 11th November 2022
Basis of Allotment 16th November 2022
Initiation of Refunds 17th November 2022
A credit of Shares to Demat 18th November 2022
Listing Date 21st November 2022
Some reports indicate that the Five Star Business Finance IPO will remain open until the closing date on November 11, 2022. The bid will open on November 9, 2022, at 10:00 AM and conclude on November 11, 2022, at 5:00 PM.

IPO Lot Size For Five-Star Business Finance

The lot of size for the Five Star Business Finance IPO is 31 shares. A single investor can apply for more than 13 lots, which is the same as 403 shares or INR 191,022.

Application Lots Shares Amount
Retail Minimum 1 31 INR 14,694
Retail Maximum 13 403 INR 191,022
S-HNI Minimum 14 434 INR 205,716
B-HNI Minimum 69 2,139 INR 1,013,886

In the table above, you can find the Lot of Size for the Five Star Business Finance IPO. Five Star Business Finance Limited has experienced rapid growth in Assets Under Management (AUM), reaching 30,000 million. As of March 31st, 2022, the company had borrowed a total of INR 25,588.31 million, while as of June 30th, 2022, the total borrowing was INR 25,203.19 million.

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