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.)

Also read:

Losses cross Rs 1000 crore, yet there is a race to buy shares; Stock jumped up to 4 percent

Share Market Investment: Many veteran investors like Dolly Khanna, Ashish Kacholia, Rekha Jhunjhunwala, Mukul Aggarwal and Vijay Kedia have made major reshuffles in their portfolios in the September quarter. Many of them have increased their stake or started investing in mid-cap and small-cap companies. According to stock exchange data, the confidence of these investors in the shares of 10 companies remained unwavering in the September quarter.

These are Dolly Khanna’s favorite shares

The three stocks in which Dolly Khanna, who is quite popular as an investor in the Indian stock market, has increased her stake, include GHCL Limited, Coffee Day Enterprises and Prakash Industries. Dolly Khanna’s stake in GHCL Limited increased to 1.20 percent (11,51,501 shares) from 1.13 percent (10,83,235 shares) in the June quarter. His stake in Coffee Day Enterprises also increased from 1.55 percent (32,78,440 shares) to 2.19 percent (46,32,440 shares). Stake in Prakash Industries increased to 2.94 percent (52,61,190 shares) from 2.27 percent (40,56,674 shares) in the previous quarter.

Mukul Aggarwal bet on them

Another veteran investor Mukul Aggarwal has also made a major reshuffle in his portfolio in Q2. He increased his stake in ASM Technologies Limited from 6.48 percent (7,62,500 shares) to 10.32 percent (15,05,500 shares) in the June quarter. He also made a new bet on Solarium Green Energy Limited and bought 6,00,000 shares in exchange for 2.88 percent stake. Apart from this, AceEquity data shows that he has increased his stake in Monolithic India Limited from 2.30 percent (5,00,000 shares) to 2.76 percent (6,00,000 shares) in the last three months.

Vijay Kedia added this stock

Kedia added Yatharth Hospital and Trauma Care Services to its portfolio. He acquired 9.65 lakh shares i.e. 1 percent stake in this Delhi-NCR based hospital chain. ​​This share, which was listed at Rs 300 in August 2023, has given a return of 172 percent since the IPO and is currently trading around Rs 815. The stock has gained 41 percent so far this year and has gained 31 percent in the last 12 months.

Ashish and Rekha invested money on these shares

Ashish Kacholia bought 2.71 percent stake (6,61,000 shares) in V Mark India in the second quarter. Apart from this, new investment was also made in Jain Resource Recycling. He bought 38,90,762 shares, which is equal to 1.1 percent stake. Meanwhile, Rekha Jhunjhunwala has increased her stake in Canara Bank to 1.57 percent (14,24,43,000 shares) from 1.46 percent (13,24,43,000 shares) in the June quarter.

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.)

Also read:

India Gold Reserve: RBI’s gold reserve broke all records, crossed 100 billion dollars for the first time

TechEra India Shares: The veteran stock market investor known as ‘Big Whale’ has made a big bet. Bengal Finance and Investment associated with him has purchased 1.12 lakh shares of TechEra Engineering India Limited through open market. After this, on Friday, the company’s shares hit an upper circuit of 5 percent and reached the level of Rs 273.55. The increased interest of investors in this aerospace engineering stock is a sign of increasing confidence in defense sector stocks. After its listing in October, this stock has soared by 233 percent.

Excellent return of 233% in 1 year

The shares of Techera Engineering were listed on October 3, 2024 at the level of Rs 82 per share. In just less than a year, it has given an excellent return of 233 percent. Techera Engineering India manufactures precision tooling, automation systems and aerospace components for the aerospace, defense and aviation sectors. The company also supplies MRO (maintenance, repair and overhaul) related equipment and ground support systems. It is making an important contribution in the country’s journey towards self-reliance under the government’s initiatives like ‘Make in India’ and ‘Atmanirbhar Bharat’.

Techera got a big order from a government company

Investor interest in Techera Engineering shares is continuously increasing, it has increased by 50 percent in the last month and by 40 percent in the last three months. The company’s shares have risen 16 percent in the last five sessions alone. Adding to this momentum, Techera last week announced receiving a new order worth Rs 4.66 crore from a government company. This includes both tax and duty. Also, supply of equipment related to MRO is also included. This has been disclosed under SEBI’s LODR norms. This news also strengthened the stock.

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.)

Also read:

Tension increases again between America and China, India will be in benefit; You will get more opportunities than one