Five Star Business Finance Limited IPO
Five Star Business Finance Limited IPO
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Five Star Business Finance Limited's successfully completed its Initial Public Offering and commenced trading on 21-11-2022 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 09-11-2022 to 11-11-2022.
Share allotment was finalized on 17-11-2022, 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.
Five Star IPO About Company
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."
Five Star IPO Strength Factors
NA
Five Star IPO Risk Factors
NA
Five Star IPO Lead Manager(s)
- ICICI Securities Limited
- Edelweiss Capital Limited
- Kotak Mahindra Capital Company
- Nomura Financial Advisory And Securities (India) Private Limited
Five Star IPO Promoter(s)
- Lakshmipathy Deenadayalan
- Hema Lakshmipathy
- Shritha Lakshmipathy
- Matrix Partners India Investment Holdings II, LLC
- SCI Investments
Five Star IPO FAQs
Five Star Business Finance Limited IPO subscribed 0.7 times. The public issue subscribed 0.12 times in the retail category,1.87times in QIB, and 0.82 times in the HNI (10+) category byNovember 26, 2025 9:59:31 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Five Star IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Five Star IPO FAQs
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The basis of allotment for Five Star Business Finance Limited IPO is available now.
To check Five Star Business Finance Limited IPO allotment status, follow the steps below :
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A category of eligible shareholders or other investors who have a reserved quota in the IPO.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .