Five Star Business Finance Limited is an NBFC-ND-SI (Non-Banking Finance Company). The Five Star Business Finance Initial Public Offering will begin on November 9 and end on November 11, 2022.
After careful consideration of their cashflows and with the security of their residential property as collateral, Five Star offers Small Business Loans and Small Mortgage Loans to qualified borrowers to help them meet their personal and professional needs.
Five Star offers secured loans to micro-entrepreneurs and self-employed people for business purposes, as well as to create assets like homes through renovation or improvement, or to cover costs associated with life’s major financial milestones like marriage, childbirth, and education.
With 311 branches spread across eight states, one union territory, and roughly 150 districts throughout India, Five Star Business Finance Limited has a vast network. The key states are Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka.
The face value of each equity share made available through the IPO is Re 1. The price range for the offering is set between Rs. 450 to Rs. 474 per share.
The initial public offering (IPO) is entirely an offer for sale (OFS), and the investors will purchase 1,960 crores worth of stakes.
To ensure that our customers have the resources to repay the loan after meeting their regular obligations and other event-based capital requirements, the company has developed a business model that is based on arriving at an appropriate risk framework with the optimal installment-to-income ratio.
The IPO lot size of Five Star Business Finance is like below;
|Minimum Lot||1||31 Shares||₹14,694|
|Maximum Lot||13||403 Shares||₹191,022|
Schedule for Five Star Business Finance IPO.
|IPO Open Date||Nov 9, 2022|
|IPO Close Date||Nov 11, 2022|
|Shares Allotment||Nov 16, 2022|
|Refunds to Non-eligible||Nov 17, 2022|
|Shares add to Demat||Nov 18, 2022|
|Stock Listing Date BSE and NSE||Nov 21, 2022|
The author’s views are just for informational purposes only, and they don’t represent advice on finances, investments, or anything else.