01 November 2022
Five Star Business Finance Limited, a non-banking finance company founded in 1984, offers secured business loans to microentrepreneurs and independent contractors. As of September 30, 2021, the company had 268 branches spread across roughly 126 districts, eight states, and one union territory, with Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka serving as the major states.
The business has a significant presence in south India and has its headquarters in Chennai, Tamil Nadu. We employed a total of 4,306 people as of September 30, 2021.
Over 185,000 clients have received loans from the business overall. As of March 31, 2021, they have a 176,467 active loan base.
The company has the fastest rate of AUM growth (CAGR 65% from FY 2017 to FY 2021) compared to its peers, with more than 30,000 million in AUM. The company's total borrowings were Rs. 28,542.54 million and Rs. 34,251.97 million, respectively, as of September 30, 2021 and March 31, 2021.
Following are some important details about the IPO :
| Price Band : | ₹ 450 - 475 |
| Issue Open : | 9-Nov-2022 |
| Issue Close : | 11-Nov-2022 |
| Allotment Date : | 17-Nov-2022 |
| Listing Date | 21-Nov-2022 |
| Issue size : | ₹ 1960.05 Cr. |
| Lot size : | 31 shares |
| Application amount : | ₹ 14,694 |
| Total Outstanding Shares (as of March 31, 2022) | 29,13,43,120 |
| Promoter Holding (as of March 31, 2022) | 42.5 % |
| Face Value : | ₹1 per share |
| Retail Offer : | 35 % |
| HNI/NII Offer : | 15 % |
| QIB Offer : | 50 % (max) |
