Five Star Business Finance IPO Subscription Status: Latest Updates and Predictions
Five-Star Business Finance, a non-banking finance company (NBFC), is all set to launch its IPO for public subscription in the coming days. With a focus on providing financial services to small and medium enterprises (SMEs), Five Star Business Finance has made a name for itself in the Indian financial industry.
Here’s everything you need to know about the Five Star Business Finance IPO subscription status, along with the latest updates and predictions.
IPO subscription details
The Five Star Business Finance IPO will be open for subscription from July 29 to August 2, 2021. The price band for the IPO has been fixed at Rs. 450-460 per share.
Investors can bid for a minimum of 32 shares and in multiples of 32 thereafter, up to a maximum of 13 lots. The maximum investment limit for retail investors has been set at Rs. 2 lakhs.
Company overview
Five Star Business Finance was incorporated in 1984 as a private limited company, and it was later converted into a non-banking finance company (NBFC) in 2002. The company provides loans and other financial services to small and medium enterprises (SMEs) in India, with a focus on the southern and western regions.
As of March 31, 2021, the company had a loan book of Rs. 3,479.91 crores, with a total of 344 branches across 201 cities in India. Five Star Business Finance is known for its quick loan disbursement process and personalized service for SMEs.
Financial performance
Here’s a quick look at Five Star Business Finance’s financial performance over the last few years:
– In the financial year 2018-19, the company reported a total revenue of Rs. 410.81 crores and a net profit of Rs. 51.4 crores.
– In the financial year 2019-20, the company reported a total revenue of Rs. 572.24 crores and a net profit of Rs. 76.63 crores.
– In the nine months ended December 2020, the company reported a total revenue of Rs. 416.34 crores and a net profit of Rs. 62.75 crores.
Latest updates and predictions
As of the time of writing, there have been no major updates or announcements regarding the Five Star Business Finance IPO subscription status. However, the IPO is expected to generate significant interest among investors due to the company’s strong financial performance, focus on SME lending, and the overall bullish sentiment in the Indian stock markets.
Analysts predict that the IPO will be oversubscribed, given the recent trend of strong investor demand for IPOs and the company’s solid business fundamentals. The SME lending industry in India is also expected to grow at a rapid pace in the coming years, providing a favorable environment for companies like Five Star Business Finance.
Conclusion
The Five Star Business Finance IPO is one to watch for investors looking to invest in the booming SME lending industry in India. With a solid track record of financial performance and a focus on personalized service for SMEs, the company is well-positioned to capitalize on the growing demand for quick and easy financing options.
While there are always risks involved in any investment, the overall outlook for Five Star Business Finance appears positive, making it a strong contender for investors looking to diversify their portfolios and capitalize on the growth potential of the Indian financial industry.
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