Five Star Business Finance Ltd
- IPO Date09 Nov, 2022 to 11 Nov, 2022
- Listing Date21 Nov, 2022
- Face Value₹1 per share
- Issue Price₹450 to ₹474 per share
- Lot Size31 Shares
- Minimum Investment₹14,694
- Listing AtBSE, NSE
- Total Issue Size3,36,17,061 Shares
(aggregating up to ₹1593.45 Cr) - Fresh Issue-
- Offer for Sale3,36,17,061 Shares
(aggregating up to ₹1593.45 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
11 Nov, 2022
Initiation of Refunds
18 Nov, 2022
Listing Date
21 Nov, 2022
09 Nov, 2022
Opening Date
16 Nov, 2020
Basis of Allotment
18 Nov, 2022
Credit of Shares
Five Star Business Finance Ltd Lot Size
Investors can bid for a minimum of 31 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 31 | ₹14,694 |
| Retail (Max) | 13 | 403 | ₹1,91,022 |
| S-HNI (Min) | 14 | 434 | ₹2,05,716 |
| S-HNI (Max) | 68 | 2108 | ₹9,99,192 |
| B-HNI (Min) | 69 | 2139 | ₹10,13,886 |
Five Star Business Finance Ltd Promoter Holding
Lakshmipathy Deenadayalan, Hema Lakshmipathy, Shritha Lakshmipathy, Matrix Partners India Investment Holdings II, LLC and SCI Investments V are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 40.07% | 33.65% |
Five Star Business Finance Ltd COMPANY INFORMATION
Five Star Business Finance IPO is a book built issue of Rs 1,593.45 crores. The issue is entirely an offer for sale of 3.36 crore shares. Five Star Business Finance IPO bidding started from November 9, 2022 and ended on November 11, 2022. The allotment for Five Star Business Finance IPO was finalized on Wednesday, November 16, 2022. The shares got listed on BSE, NSE on November 21, 2022. Five Star Business Finance IPO price band is set at ₹450 to ₹474 per share. The minimum lot size for an application is 31 Shares. The minimum amount of investment required by retail investors is ₹14,694. The minimum lot size investment for sNII is 14 lots (434 shares), amounting to ₹205,716, and for bNII, it is 69 lots (2,139 shares), amounting to ₹1,013,886. ICICI Securities Limited, Edelweiss Financial Services Ltd, Kotak Mahindra Capital Company Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Five Star Business Finance IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Five Star Business Finance IPO RHP for detailed information.
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.
FAQs About Five Star Business Finance Ltd
Five Star Business Finance Ltd will open on 09 Nov, 2022 and close on 11 Nov, 2022. Investors must apply within this period to participate.
The Five Star Business Finance Ltd price band is set between ₹450.00 and ₹474.00 per share. The minimum lot size is 31, requiring an investment of at least ₹14694.00.
The Five Star Business Finance Ltd shares are expected to be listed on 21 Nov, 2022, subject to regulatory approvals and final allotment.
You can track your Five Star Business Finance Ltd application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Five Star Business Finance Ltd will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.