Five Star Business Finance IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation here

Five Star Business Finance IPO: Zee Business Managing Editor, Anil Singhvi on Wednesday in a special segment advised investors to subscribe in Five Star Business Finance’s Initial Public Offering (IPO) for long term which opened today, November 9, 2022 for subscription.

Anil Singhvi said that the company has experienced promoters and a unique business model where they lend only 35-40 per cent of the mortgage item and claim 20-25 per cent interest on the loan. The company also has less Non-Performing Assets (NPAs) as compared to banks. He further said that the company has strong financial growth and good management.

Listing the cons, Singhvi said that the industry has a lot of competition and Five Star Business Finance has strength in only Southern India.

Anil Singhvi also said that if the Five Star Business Finance listing opens lower than expected one must buy more shares as it is one for the long term. 

Singhvi said that the valuation is reasonable looking at Five Star Business Finance’s financial performance.