Five Star Business Finance IPO subscription opens today: Check price band, allotment date and listing date NSE
Five Star Business Finance IPO Date, Price Band, Allotment Date, Listing Date: The Chennai-based non-banking financial company has decided to allocate 1.24 crore equity shares to anchor investors at Rs 474 apiece, aggregating the transaction size to Rs 588 crore, according to a circular uploaded on BSE's website.
Five Star Business Finance IPO Date, Price Band, Allotment Date, Listing Date: Five Star Business Finance’s initial public offering (IPO) opens on Wednesday for subscription. The subscription window for the IPO of the non-banking financial company will close on November 11. The firm provides secured business loans to micro-entrepreneurs and self-employed individuals — the two segments of borrowers largely excluded by traditional financing institutions.
Five Star Business Finance IPO Price Band
The Chennai-based non-banking financial company has fixed a price band of Rs 450-474 per equity share.
The IPO is entirely an offer for sale (OFS) of shares to the tune of Rs 1,960 crore by existing shareholders and promoter group entities.
The Chennai-based NBFC is backed by investors like TPG, Matrix Partners, Norwest Ventures, Sequoia and KKR.
The firm has decided to allocate 1.24 crore equity shares to anchor investors at Rs 474 apiece, aggregating the transaction size to Rs 588 crore, according to a circular uploaded on BSE's website.
Five Star Business Finance IPO: Anchor Investors
The firm has raised Rs 588 crore from anchor investors ahead of its initial public offering on Tuesday.
SmallCap World Fund, Fidelity Investments, Capital Research, Malabar Investments, Government Pension Fund Global, Abu Dhabi Investment Authority, Norges Bank, Carmignac Gestion, White Oak, Bay Capital, Segantii, SBI Life Insurance, HDFC Mutual Fund (MF), Baroda BNP MF, Edelweiss MF and Mirae MF are among the anchor investors.
Five Star Business Finance IPO Allotment Date
Five Star Business Finance tentative allotment date is November 16.
Five Star Business Finance IPO Listing Date NSE, BSE
Five Star Business Finance IPO tentative listing date is November 21, the company will be listed both in BSE and NSE.
ICICI Securities, Kotak Mahindra Capital Company, Edelweiss Financial Services and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead managers to the issue.
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
12:40 PM IST