Business

Five Star Business Finance IPO IPO Date, Issue Size, Share Price, Listing, Allotment, Lot Size, Review & How To Buy

Five Star Business Finance IPO: IPO investors can get an opportunity to invest in another company soon. NBFC Five Star Business Finance has submitted papers for IPO with SEBI.

Five Star Business Finance IPO: IPO investors can get an opportunity to invest in another company soon. Non-banking financial company Five Star Business Finance has submitted papers for IPO with market regulator SEBI. NBFC Five Star has applied for approval of an IPO of Rs 2752 crore. According to the draft red herring prospectus (DRHP) filed with SEBI, no new shares will be issued through this issue, that is, the promoters of Five Star and the existing shareholders will reduce their stake under the IPO. TPG, Matrix Partners, Norwest Ventures, Sequoia, and KKR have investments in this NBFC.

Five Star Business Finance IPO Details

  • Under the Rs 2752 crore IPO of NBFC Five Star Business Finance, no new shares will be issued and the promoters and existing shareholders will sell the shares under OFS.
  • Under OFS SCI SCI Investments V approx Rs 257.10 cr, Matrix Partners India Investment Holdings LLC Rs 568.92 cr, Matrix Partners India Investment Holdings Extension LLC Rs 9.56 cr, Norwest Ventures Partners Ex-Mauritius Rs 385.65 cr and TPG Asia VII SF Pte Ltd Rs 1,349.78 Will sell shares worth Rs. Apart from this, promoters group companies will sell shares worth Rs 180.93 crore under OFS.
  • ICICI Securities, Kotak Mahindra Capital Company, Edelweiss Financial Services, and Nomura Financial Advisory & Securities (India) Private Limited are the book running lead managers to the issue.

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Details about the company

  • Chennai-based Five Star Business Finance provides secured business loans to micro-entrepreneurs and self-employed individuals.
  • It has a great presence in South India. Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana account for 95 percent of its overall portfolio as of March 2021.
  • Earlier, when this NBFC was started in the year 1984, its main focus was on consumer loans and vehicle finance but in the year 2005, its business approach changed. Now its main focus is on giving small business loans to people in cities, semi-urban areas. It also provides loans to people in rural areas, if there is a better growth prospect.

Details about the company

  • Chennai-based Five Star Business Finance provides secured business loans to micro-entrepreneurs and self-employed individuals.
  • It has a great presence in South India. Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana account for 95 percent of its overall portfolio as of March 2021.
  • Earlier, when this NBFC was started in the year 1984, its main focus was on consumer loans and vehicle finance but in the year 2005, its business approach changed. Now its main focus is on giving small business loans to people in cities, semi-urban areas. It also provides loans to people in rural areas, if there is a better growth prospect.

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