The company has fixed the price band at ₹450-₹474 per share for the public offer. The IPO is entirely an offer for sale aggregating to ₹1,960 crore by the company’s promoters and existing shareholders.
Investors can bid for a minimum of 31 shares and in multiples of 31 shares thereafter. The issue will close on Friday, November 11. In the IPO, shares worth of ₹167 crore will be sold by SCI Investments V, ₹719 crore by Matrix Partners India Investment Holdings, ₹12 crore by Matrix Partners, ₹361.4 crore by Norwest Venture Partners, ₹700 crore by TPG Asia.
Five Star Business Finance provides secured business loans to micro-entrepreneurs and self-employed individuals, who are largely excluded by traditional financing institutions.
The NBFC posted a 19.49% growth in total income at ₹1,256.16 crore in FY22 from ₹1,051.25 crore in FY21, while its net profit stood at ₹453.54 crore in FY22 from ₹358.99 crore in FY21. Asset under management stood at ₹5,100 crore as of March 31, 2022.
