iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Five Star Business Finance debuts at 5% discount at Rs449 on BSE

21 Nov 2022 , 10:22 AM

A non-banking financial corporation Five Star Business Finance, made a discounted debut on the stock exchange today. The stock is listed at Rs449.95, with a discount of 5% to its issue price of Rs474.

Shares got listed at Rs468.80 per share on the National Stock Exchange (NSE), down by 1.10% against the given issue price.

At around 10:15 AM, the stock is currently trading at Rs465.25 per share up by 15.30 or 3.40% from its previous closing of Rs449.95 on the BSE. The scrip opened at Rs449.95 per share and has touched a high and low of Rs473.75 per share and Rs448.20 per share respectively.

The IPO was subscribed 70% on its final day of bidding on November 11. The public issue is priced at a price band of Rs450 per share to Rs474 per share.

The retail investors portion was subscribed 11% of the quota, while the portion for non-institutional investors was subscribed 0.61 times on the last day.

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.

The company currently caters mainly to the South Indian market. It has been in operations since 1984. The company is currently profitable. Lead Managers of this IPO are ICICI Securities, Kotak Mahindra Capital, Nomura Financial Advisory and Edelweiss Financial. 

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Five Star Business Finance
  • Five Star Business Finance debut
  • Five Star Business Finance discount listing
  • Five Star Business Finance IPO
  • Five Star business finance IPO allotment
  • Five Star Business Finance IPO date
  • Five Star Business Finance listing day
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.