Five Star Business Finance IPO GMP Today, Price, Date, Lot Size
Five Star Business Finance IPO GMP Today, Price, Date, Lot Size, etc., can be checked here in this article. Please keep reading this post to get more details about the Five Star Business Finance IPO, such as the IPO Good Manufacturing Practice (GMP) Today, Price, Date and Lot Size.
Five Star Business Finance IPO
The Five Star Business Finance IPO GMP is opening Today, 9th November 2022. From the promoters, the company, Five Star Business Finance, will raise approximately INR 1,960 crores via IPO (Initial Public Offering) that covers INR (.) of fresh issues and offers for sale up to INR 1,960 crores.
The Five Star Business Finance Limited is a Non-Banking Finance Company (NBFC). It offers assured loans to self-employed individuals and micro-entrepreneurs for their businesses. As of 30th June 2022, it spread its network to up to 150 districts all around India, including states like Telangana, Andhra Pradesh, Karnataka and Tamil Nadu.
Five Star Business Finance IPO GMP Today
The headquarters of the company Five Star Business Finance Limited is in Chennai state of Tamil Nadu. The total number of employees in the company was 4,306 employees as of 30th September 2021. Until now, this company has given loans to up to 185,000 customers approx. As of 30th June 2022, the number of active loans the company had was 230,175, and the number of active loans was 217,745 as of 31st March 2022.
Below, in this article, you will find details and data regarding the Five Star Business Finance IPO Price, the official dates and the Lot Size of the Five Star Business Finance IPO. Continue reading this article for more information.
Five Star Business Finance IPO Price
The Non-Banking Financial Company (NBFC) has secured the price for the Five Star Business Finance IPO at INR 450 to INR 474. NBC 100 per cent OFS (Offer For Sale) in nature. In addition, the book build issue has also launched in the grey market.
|IPO (Initial Public Offering) Date||9th November 2022 to 11th November 2022|
|Listing Date||To be announced|
|Face Value||INR 1 per Share|
|Price||INR 450 to INR 474 per Share|
|Lot Size||31 Shares|
|Issue Size||[.] Shares of INR 1
(up to INR 1,960.01 Crore)
|Offer for Sale||Upto 41,351,266 Shares of INR 1
(up to INR 1,960.01 Crore)
|Issue Type||Book Built Issue IPO (Initial Public Offering)|
|Listing At||BSE and NSE|
|QIB Shares Offered||Not more than 50%|
|NII (HNI) Shares Offered||Not less than 15%|
|Retail Shares Offered||Not less than 35%|
As per the market professionals, the Five Star Finance Limited’s shares are accessible at a premium price of INR 12.
Five Star Business Finance IPO Date
Recently, the Five Star Business Finance IPO Dates have been announced. The Five Star Business Finance IPO is expected to be started on 9th November 2022. The IPO (Initial Public Offering) list and the allotment will get announced shortly.
|Opening Date||9th November 2022|
|Closing Date||11th November 2022|
|Basis of Allotment||16th November 2022|
|Initiation of Refunds||17th November 2022|
|Credit of Shares to Demat||18th November 2022|
|Listing Date||21st November 2022|
According to some reports, the Five Star Business Finance IPO will remain open until the closing date, which is 11th November 2022. The bid will open at 10:00 AM on 9th November 2022 and close at 5:00 PM on 11th November 2022.
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Five Star Business Finance IPO Lot Size
The Five Star Business Finance IPO has a lot size of 31 shares. An investor can individually apply for several 13 lots, i.e. 403 shares or INR 191,022.
|Retail (Minimum)||1||31||INR 14,694|
|Retail (Maximum)||13||403||INR 191,022|
|S-HNI (Minimum)||14||434||INR 205,716|
|B-HNI (Minimum)||69||2,139||INR 1,013,886|
We have mentioned the Five Star Business Finance IPO Lost Size in the table mentioned above.
The Five Star Business Finance Limited company has the fastest growth in Assets Under Management (AUM) with 30,000 million in Assets Under Management (AUM). As of 31st March 2022, the total number of borrowings was INR 25,588.31 million, and up to 30th June 2022, the total number of borrowings was INR 25,203.19 million.
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