Five Star Business Finance IPO Price, GMP, Allotment Details in Hindi. Five Star Business Finance IPO details.

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 The IPO of Chennai-based Five Star Business Finance Limited will open on November 9 and close on November 11. The price band of this IPO is  ₹450 to ₹474  per share and the lot size will be 31 shares. This IPO will be an offer for sale of ₹ 1960 crore. Retail investors minimum 1 lot 31 shares (₹14,694) and maximum 13 lots 403 (₹191,022).

Five Star Business Finance Business Details

Five Star Business Finance is a NBFC company and is working since 1984. Its headquarter is in Chennai. Five Star Business Finance Limited offers loans to micro-entrepreneurs and self-employed individuals. Mainly this loan is between 1 lakh to 10 lakh and its tenure is up to 7 years. According to the company website, Five Star Business Finance has 262 branches, 1.85 lakh customers, 3897 employees and a portfolio of 4639 crores. The company has operations in 126 districts and 8 states, but almost 95% of its portfolio is located in 4 states of Tamil Nadu, Karnataka, Andhra Pradesh and Telangana. Five Star Business Finance IPO will be worth 2752 crores and this entire IPO will be an offer for sale. Being an offer for sale, the company will not issue any new shares. Only the promoters and existing shareholders will sell the shares under the OFS.

Five Star Business Finance Share Holding and Promoter Details

TPG Asia, Matrix Partners, Norwest Venture and SCI Investment are the 4 main promoters in Five Star Business Finance . Presently 54% holding is with IN. TPG Asia holds 20.99%, Matrix Partners 14%, Norwest Venture 10.22% and SCI Investments 8.83%. Of these, TPG Asia will sell shares for Rs 1,349 crore, followed by Matrix Partners for Rs 568.92 crore, Norwest Venture for Rs 385.65 crore and SCI Investments for Rs 257.10 crore.

Allotment, listing and other details

This IPO will open on 09 November and close on 11 November. Other dates would be November 16 for allotment, November 17 for refund, November 18 for share demat credit and November  21 could be the listing date  . Share allotment status can be viewed on the website of KFin Technologies Limited . KFin Technologies Limited is the Registrar to this IPO. ICICI Securities Limited, Edelweiss Financial Services, Kotak Mahindra Capital, Nomura Financial Advisory are the Lead Managers to this IPO. This IPO will be listed on both BSE and NSE exchanges. In this issue, 50% shares have been offered to QIB, 15% to NII and 35% to retail investor. The face value of this IPO will be ₹1 per share.

Financial Information of Five Star Business Finance IPO

The company's revenue was 409 crores in FY-19, 787 crores in FY-20, 1050 crores in FY-21, 1256 crores in FY-22. The profit of the company was 156 crores in FY-19, 262 crores in FY-20, 358 crores in FY-21, 453 crores in FY-22.  The company has a debt of 2558 crores at the end of FY22 .

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