Five Star Business Finance IPO subscription status started on Wednesday, November 9, 2022 and will close on November 11, 2022. Five Star Business Finance IPO to raise around ₹1960 crores via IPO. The retail quota is 35%, QIB is 50%, and HNI is 15%. The price band is fixed at ₹450 to ₹474 per equity share.
The Five Star Business Finance IPO minimum market lot is 31 shares with ₹14,694 application amount. The retail investors can apply up-to 13 lots with 403 shares or ₹191,022 amount. The IPO to list on BSE and NSE.
Five Star Business Finance Limited is a registered Non-Banking Finance Company (NBFC-ND-SI) with the Reserve Bank of India (RBI). They provide Small Business loans and Small Mortgage loans for Business & Other purposes. They have over 250 branches in over 125 districts, 8 states, and 1 union territory. The key states for their business are Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka.
IPO Subscription Update
- Day 1: Five Star Business Finance IPO subscribed 0.02 times overall in that QIB 0.03 times, NII 0.01 times and retail 0.03 times.
- Day 2: Five Star Business Finance IPO subscribed 0.32 times overall in that QIB 1.01 times, NII 0.02 times and retail 0.06 times.
- Day 3: Five Star Business Finance IPO subscribed 0.70 times overall in that QIB 1.77 times, NII 0.61 times and retail 0.11 times.
IPOWatch View
We recommend investors may apply an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Five Star Business Finance IPO allotment status here.
Five Star Business Finance IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.03 | 1.01 | 1.77 |
| NII | 0.01 | 0.02 | 0.61 |
| RII | 0.03 | 0.06 | 0.11 |
| Total | 0.02 | 0.32 | 0.70 |
Five Star Business Finance IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Five Star Business Finance IPO Review
- May Apply
Five Star Business Finance IPO Date & Price Band
| Five Star Business Finance IPO Open: | November 9, 2022 |
| Five Star Business Finance IPO Close: | November 11, 2022 |
| Five Star Business Finance IPO Size: | Approx ₹1960 Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx ₹1960 Crores |
| Face Value: | ₹1 Per Equity Share |
| Five Star Business Finance IPO Price Band: | ₹450 to ₹474 Per Share |
| Five Star Business Finance IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Five Star Business Finance IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 31 | ₹14,694 |
| Retail Maximum | 13 | 403 | ₹191,022 |
| S-HNI Minimum | 14 | 434 | ₹205,716 |
| B-HNI Minimum | 68 | 2,139 | ₹1,013,886 |
Five Star Business Finance IPO Subscription Dates
| Price Band Announcement: | November 3, 2022 |
| Anchor Investors Allotment: | November 7, 2022 |
| Five Star Business Finance IPO Open Date: | November 9, 2022 |
| Five Star Business Finance IPO Close Date: | November 11, 2022 |
| Basis of Allotment: | November 16, 2022 |
| Refunds: | November 17, 2022 |
| Credit to Demat Account: | November 18, 2022 |
| Five Star Business Finance IPO Listing Date: | November 21, 2022 |
Five Star Business Finance IPO Form
How to apply for the Five Star Business Finance IPO? You can apply for Five Star Business Finance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Five Star Business Finance IPO in the Invest section. The other option is you can apply for Five Star Business Finance IPO via IPO forms downloaded via BSE and NSE. Check out the Five Star Business Finance forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
