
Five Star Business Finance Limited
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Five Star Business Finance Limited's successfully completed its Initial Public Offering and commenced trading on Nov 21, 2022 at the NSE, BSE exchange. The company raised 3,35,12,901 Shares through this public offering, comprising TBD in fresh capital and ₹1593.45 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹450 to ₹474, with minimum application lots of 31 shares. The offering attracted significant investor interest during its subscription period from Nov 09, 2022 to Nov 11, 2022.
Share allotment was finalized on Nov 17, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1984, Five Star Business Finance Limited is an NBFC-ND-SI focused on providing secured business loans to micro-entrepreneurs and self-employed individuals. Headquartered in Chennai, it operates through 268 branches across 126 districts in eight states and one union territory, with Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka forming its core markets. The company’s lending model emphasizes a robust risk framework and an optimal instalment-to-income ratio to ensure customers can comfortably meet repayment commitments. As of September 30, 2021, Five Star employed 4,306 people and had served over 185,000 customers, with an active loan base of 176,467 as of March 31, 2021. With an AUM exceeding ₹30,000 million—one of the fastest growth rates among peers—the company reported total borrowings of ₹28,542.54 million as of September 30, 2021, and ₹34,251.97 million as of March 31, 2021.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Lakshmipathy Deenadayalan
- Hema Lakshmipathy
- Shritha Lakshmipathy
- Matrix Partners India Investment Holdings II, LLC
- SCI Investments
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