About Five Star Business Finance Ltd IPO

Five Star Business Finance Ltd is coming up with an ipo. Here are the top details.

The issue will be open for subscription from Nov 9-11. Price band of issue is Rs. 450 - Rs. 474 per share.

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IPO Allotment will be on 16 Nov. Refund/unblocking of funds will be on 17 Nov. Shares will be credited on 18 Nov.

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This IPO size is Rs. 1,960 cr and is entirely an offer for sale.

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The company's stocks will be listed on exchanges on November 21.

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Five Star Business Finance is an NBFC offering secured loans to micro-entrepreneurs and self-employed individuals.

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The company has a strong presence in south India. Among its peers, the company has achieved the 4th fastest CAGR at 50% over fiscal 2018-22.

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