Chennai headquartered Five Star Business Finance (FSBF), which provides loans to small entrepreneurs, plans to raise Rs 1,960 crore through an offer for sale by some of the promoters.
After the IPO, the promoter group’s stake will fall to over 33% from 40%. The nonbanking finance company (NBFC) has a higher asset quality and excellent margin and return ratios compared with peers. However, given the geographic concentration of the loan book,
