Five Star Business Finance IPO receives .02 times subscription application at the end of day 1

  • India Infoline News Service |
  • 10 Nov, 2022 |
  • 11:39 AM
Five Star Business Finance IPO has received .02 times subscription application at the end of day 1. 

Five Star Business Finance, a non-banking financial organization with headquarters in Chennai, opened public subscriptions for its first IPO yesterday, i.e., November 9.
Key takeaways:
  • The price range for the public offering has been set by the company at Rs 450-Rs 474 per share.
  • The company's promoters and current owners are selling all of their shares in the IPO for a total of R. 1,960 crore.
  • Investors may make a minimum bid of 31 shares and a maximum bid in multiples of 31.
  • The deadline for submissions is November 11th, Friday.

Shares in the IPO will be offered by SCI Investments V for Rs 167 crore, Matrix Partners India Investment Holdings for Rs 719 crore, Matrix Partners for Rs 12 crore, Norwest Venture Partners for Rs 361.4 crore, and TPG Asia for Rs 700 crore.

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