By Admin 
Finbud Financial IPO: After Lenskart, another IPO is going to open for the investors of Indian stock market. The interesting thing is that veteran cricket player Mahendra Singh Dhoni (MS Dhoni) has also invested in it. Here we are talking about Finbud Financial Services IPO, which provides virtual loans. That means it provides the facility of giving loans to its customers in both digital and physical mode.
When will the IPO remain open?
The IPO of Finbud Financial Services will open for subscription on November 6 and investors will be able to place bets for it till November 10. However, Anchor will open for investors for one day on November 4. The size of the IPO of Finbud Financial Services is Rs 71.6 crore. For this, the price band has been fixed at Rs 140-142 per share. Let us tell you that apart from Dhoni, veteran stock market investor Ashish Kachaulia also has stake in the company.
For what purpose will the money be used?
This IPO is a fresh issue of entirely 50.48 lakh equity shares. That means the existing investors of the company are not selling their shares. In such a situation, all the money will go to the company, which will be used for its growth. The company will use the money raised from the IPO to meet working capital requirements, repay outstanding loans, business development and marketing. Apart from this, some money will be invested in the subsidiary company LTCV Credit Private Limited.
When will the shares be listed?
Commenting on this, Parag Aggarwal, co-founder of Finance Buddha, said, “By entering the public market, our focus is on enhancing our responsibilities, strengthening governance and creating long-term value for our customers, partners and investors.”
Bengaluru based Finbud Financial Services was founded in 2012 by Vivek Bhatia, Parth Pandey and Parag Agarwal. It is the parent company of Finance Buddha. Talking about the financial front, the company’s total income in FY25 was Rs 223 crore and Profit After Tax (PAT) was Rs 8.5 crore. The company’s shares will be listed on the NSE Emerge platform. The listing of shares is expected to happen on November 13. SKI Capital Services is the book running lead manager of the IPO, while Skyline Financial Services is the registrar of the IPO.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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