Five Star Business Finance closes at Rs488, 3% premium on debut day

21 Nov 2022 , 04:00 PM

Shares of Five Star Business Finance on Monday made a weak market debut, listing with a discount of 5%, against the issue price of Rs474 on the BSE.

On Monday, the stock closed at Rs488.95 per share higher by Rs15.50 or 3.27% on the BSE, recovered by the morning losses as the session ends.

The stock listed at Rs449.95, registering a decline of 5% from the issue price on the BSE. It later bounced back and was trading at Rs482.95 per share, higher by 1.88%. The stock hit intraday high at Rs539.90 per share on the BSE.

On the NSE, it made its debut at Rs468.80, lower by 1%.

For the IPO, the firm had fixed the price band at Rs450-Rs 474 per share.

Five Star Business Finance provides small business loans and small mortgage loans to its customers. The loans provided by it are secured by cash flows of businesses or property assets.

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