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Kolkata: Finbud Financial IPO is going to launch an SME IPO next week. It is designed to mop up Rs 71.68 crore through the issue of 50 lakh fresh shares. Apart from the mechanicals of the IPO, there are two significant facts about this company. The company is backed by ace stock market investor Ashish Kacholia and the family office of former Indian cricket captain Mahendra Singh Dhoni.
Finbud Financial IPO will throw open the bidding process to the public on November 6 and is supposed to remain open till November 10. The allotment of shares for Finbud Financial IPO is expected to be done on November 11 and the date of listing is November 13.
Finbud Financial IPO price band, lot size
The Finbud Financial IPO price band has been set at Rs 140-142. For a retail investor, the smallest investible lot is 1,000 shares which will call for an application amount of Rs 1,42,000 considering the upper end of the price band. For HNIs, the minimum lot size for investment 3 lots or 3,000 shares, which will necessitate Rs 4,26,000.
SKI Capital Services has been appointed the book running lead manager and Skyline Financial Services the registrar of the issue. The Market Maker of the company is SKI Capital Services.
Use of proceeds
Finbud Financial has stated that the proceeds of the public issue will be used for three main purposes -- expanding the business, enhancing the technology platform and entering new and emerging markets. The company was set up in 2012 and was known as Finance Buddha. It is a hybrid platform the business of which is to assist consumers and small businesses to locate loans from the appropriate bank or NBFC.
Financials of Finbud Financial
The company's financials can be summarised as follows:
Profit After Tax: Rs 3.33 crore Q1FY26; Rs 8.50 crore in FY25; Rs 5.66 crore in FY24 and Rs 1.83 crore in FY23
EBITDA: Rs 5.87 crore Q1FY26; Rs 14.66 crore in FY25; Rs 10.59 crore in FY24 and Rs 4.23 crore in FY23
Reserves and Surplus: Rs 25.31 crore Q1FY26; Rs 21.98 crore in FY25; Rs 11.77 crore in FY24 and Rs 6.12 crore in FY23
Total Borrowing: Rs 20.48 crore Q1FY26; Rs 18.51 crore in FY25; Rs 12.43 crore in FY24 and Rs 7.40 crore in FY23
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
