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Five-Star Business Finance Ltd IPO Details, Upcoming IPO, IPO Alert

Five-Star Business Finance Ltd IPO Details, Upcoming IPO, IPO Alert


Category : ipo news

Five-Star Business Finance Ltd IPO Details:

Five-Star Business Finance Ltd. has announced public offering of 41350316 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 473.00 per share. The gross proceeds of the issue are expected to be Rs 1,96,000.50 lakhs.

The company's initial public offer (IPO) will open on 09 November 2022 and is expected to close on 11 November 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 450.00-474.00 per share.

The IPO includes a fresh Issue of 41350316 Equity Shares of the Company at an price of Rs 474.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 31 shares with bids in multiples of 31.

Five-Star Business Finance Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Nomura Financial Advisory and Securities (India) P,Kotak Mahindra Capital Company Limited,Edelweiss Financial Services Ltd. as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

If the Five-Star Business Finance Ltd is something that you’re looking to invest in come 09 November 2022, it would be a good idea to start the demat account opening process right away.

Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.


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