IPO Centre     10-Nov-22
IPO News
Five-Star Business Finance IPO subscribed 32%.
The offer received bids for 97.81 lakh shares as against 3.04 crore shares on offer.
The initial public offer (IPO) of Five-Star Business Finance received bids for 97,81,244 shares as against 3,04,88,966 shares on offer, according to stock exchange data 17:00 IST on Thursaday (10 November 2022). The issue was subscribed 32%.

The issue opened for bidding on Wednesday (9 November 2022) and it will close on Friday (11 November 2022). The price band of the IPO is fixed at Rs 450 to 474 per share. An investor can bid for a minimum of 31 equity shares and in multiples thereof.

The issue consists entirely of an offer for sale (OFS) to raise Rs 1,960 crore. The promoter and promoter group shareholding will decline to 33.7% post IPO from 40.1% pre-IPO.

The objects of the offer are to receive the benefits of listing the equity shares on the stock exchanges and and enhancement of the company brand name amongst existing and potential customers and creation of a public market for equity shares in India.

Ahead of the IPO, Global Health on Monday, 7 November 2022, raised Rs 588 crore from anchor investors. The board allotted 1.24 crore shares at Rs 474 per share to 21 anchor investors.

Five-Star Business Finance is a "Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC-ND-SI)", providing secured business loans to micro-entrepreneurs and self-employed individuals largely excluded by traditional financing institutions.

The company reported a net profit of Rs 139.43 crore and total income of Rs 339.06 crore in the quarter ended on 30 June 2022.

Previous News
  Five-Star Business Finance IPO subscribed 32%.
 ( IPO Centre - IPO News 10-Nov-22   17:31 )
  Volumes spurt at Five-Star Business Finance Ltd counter
 ( Hot Pursuit - 01-Sep-23   11:00 )
  Five-Star Business Finance to convene board meeting
 ( Corporate News - 20-Jul-23   10:33 )
  Five-Star Business Finance allots 6,725 equity shares under ESOS
 ( Corporate News - 06-Nov-23   13:32 )
  Five-Star Business Finance standalone net profit rises 39.84% in the June 2022 quarter
 ( Results - Announcements 26-Jul-22   16:26 )
  Volumes jump at Five-Star Business Finance Ltd counter
 ( Hot Pursuit - 08-Dec-23   14:30 )
  Five-Star Business Finance allots 50,800 equity shares under ASOS
 ( Corporate News - 09-Jun-23   17:29 )
  Volumes spurt at Bikaji Foods International Ltd counter
 ( Hot Pursuit - 28-Jun-23   11:00 )
  Five-Star Business Finance standalone net profit rises 31.76% in the June 2023 quarter
 ( Results - Announcements 29-Jul-23   13:42 )
  Five-Star Business Finance allots 18,000 equity shares under ESOP
 ( Corporate News - 11-Jul-23   15:41 )
  Five-Star Business Finance
 ( IPO Centre - New Issue Monitor 08-Nov-22   11:41 )
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