Five Star Business Finance Limited IPO - Review, Status, Price, Open Date, Allotment, Lot Size

 

Five Star Business Finance Limited IPO

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Five Star Business Finance Limited IPO

Five Star Business Finance Limited have been working as a specialized financial services company in addressing the needs of this segment and funding the people who were perceived to be unfundable. The businesses and services that they work with can be touched and felt in the everyday lives and are businesses that create real impact on the ground. They are an NBFC-ND-SI providing secured business loans to the micro-entrepreneurs and the self-employed individuals, each of whom are largely excluded by traditional financing institutions.

They have developed a business model that is predicated on arriving at an appropriate risk framework, with the optimal instalment to income ratio to ensure that the customers have the necessary means to repay the loan after meeting their regular obligations and other event-based capital requirements. Five Star Business’s customers various from small shop owners, flower vendors, maids, masons to small and medium enterprises that form the backbone of India’s economy.

Company Promoters:
Lakshmipathy Deenadayalan, Hema Lakshmipathy, Shritha Lakshmipathy, Matrix Partners India Investment Holdings II, LLC and SCI Investments V.

Objects of this Issue:
• To carry out the Offer for Sale;
• To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

63,430.66

57,936.11

43,531.54

Total Liabilities

26,327.15

34,754.39

24,085.74

Net Profit

4,535.45

3,589.94

2,619.51

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

To be decided

Not more than 50% of the net offer size

Non-Institutional Portion

To be decided

Not less than 15% of the net offer size

Retail

To be decided

Not less than 35% of the net offer size

Eligible Employees

-

-

Net offer size

To be decided

N/A

Five Star Business Finance Limited IPO Details

Issue Open

09 Nov 2022

Issue Close

11 Nov 2022

IPO Price

₹450 - ₹474 per equity share

Face Value

₹1 per equity share

IPO Size

1,960.01 Cr.

Listing At

NSE, BSE

IPO Lot Size

31 Shares

Five Star Business Finance Limited IPO Schedule
1. Bid or Offer Opens on: 09th Nov 2022
2. Bid or Offer Closes on: 11th Nov 202
3. Finalization of BoA: 16th Nov 2022
4. Initiation of Refunds: 17th Nov 2022
5. Credit of shares to demat account: 18th Nov 2022
6. Listing Date: 21st Nov 2022

Five Star Business Finance Limited IPO Lot Size
Market lot size of the Five Star Business Finance Limited IPO is 31 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

31

₹14,694

Maximum

13

403

₹1,91,022

S-HNI

Minimum

14

434

₹2,05,716

B-HNI

Minimum

69

2,139

₹10,13,886

Five Star Business Finance Limited IPO Promoter Holdings:

Pre-Issue Share Holding

44.16%

Post-Issue Share Holding

 

Company Contact Details:
Five Star Business Finance Limited
New No. 27, Old No. 4, Taylor's Road,
Kilpauk, Chennai - 60 010, Tamil Nadu, India.

Phone: +91 44 4610 6260
Email: cs@fivestargroup.in
Website: https://fivestargroup.in/

Five Star Business Finance Limited IPO Registrar Details:
KFin Technologies Limited
Selenium, Tower-B Plot 31 and 32, Financial District
Nanakramguda, Serilingampally Hyderabad,
Rangareddi - 500032, Telangana, India.

Phone: +91 40 6716 2222
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

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