Five Star is among the frontrunner, offering highest disbursement growth, superior margins and returns, and the best valuation among peers
Retail portions for four of the eight recent IPOs remained undersubscribed
The management of Five Star Finance said that the company will continue investing in growing its branch network and adding technological capabilities.
The non-banking finance company traded with volume of 1.39 crore equity shares on the NSE and 6.39 lakh shares on the BSE.
The issue failed to get full subscription during November 9-11, and was able to garner 70 percent subscription only
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The speciality chemical company closed its public issue on November 11 and raised Rs 1,462 crore at upper end of price band of Rs 386-407 per share, while the non-banking finance company also closed its IPO on same day with mobilising around Rs 1,590 crore at Rs 474 per share.
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The IPO got bids for 2.12 crore equity shares against an offer size of 3.04 crore shares and raised Rs 1,588.5 crore, which is 81 percent of the planned Rs 1,960 crore
Five Star Business Finance shares were trading at a 1-2 percent discount to the final issue price of Rs 474 in the grey market, analysts said
Five Star Business Finance intends to raise Rs 1,960 crore via its maiden public issue, with a price band of Rs 450-474 per share.
Chennai headquartered Five Star Business Finance is looking to raise Rs 1,960 crore funds through the IPO which is an offer for sale
Five Star Business Finance, which provides business loans to microentrepreneurs and self-employed individuals, aims to mobilise Rs 1,960 crore via public issue that comprises only an offer for sale of 4.13 crore shares by selling shareholders.
Hem Securities has come out with its report on Five-Star Business Finance. The research firm has recommended to Subscribe the ipo in its research report as on November 07, 2022.
At the upper end of the price band of Rs 474 per share, the company is being valued at around Rs 13,800 crore
Tentative date of share allotment is November 16 and listing date is on November 21
Choice Equity Broking has come out with its report on Five Star Business Finance. The research firm has recommended to Subscribe with Caution the ipo in its research report as on November 08, 2022.
The public issue of Five Star Business Finance will open for subscription on November 9, and the closing date is November 11.
Waaree Energies had filed its draft papers for the public issue in September with the intention to raise Rs 1,350 crore through the issue of fresh shares and an offer for sale of 4 million shares.
Five Star Business Finance will not receive any proceeds from the offer. Promoter & promoter group own 44.31 percent shareholding in the company, and the remaining is held by investors.
Five Star provides small-ticket financing for business operations as well as home loans to individuals across Andhra Pradesh, Telangana, and Karnataka.