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.