Let’s have a detailed review of the company and analytics of the Fincare Small Finance Bank IPO release date, IPO offer price, subscription, Fincare IPO allotment, grey market price, and other details like the company’s background, its financial positions, Fincare SFB Bank IPO promoters, and other related things.

Face ValueRs.[●]
Price BandRs.[●]
Listing AtBSE, NSE
Min. Order Quantity[●] Eq shares
Listing Date 
Offer for SaleRs.10,000 MILLION
Fresh IssueRs.3,300 MILLION
IPO SizeRs.13,300 MILLION
Tick SizeRs.1

Fincare Small Finance Bank IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Fincare Small Finance Bank Share Price

Fincare Small Finance Bank IPO – Summary

Fincare Small Finance Bank IPOThey are a “digital-first” SFB with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas. According to CRISIL, among comparable SFB peers in India, They had the highest growth rate in advances over FY2018 to FY2020.

The Company follow a business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs

The Promoter of the company is Fincare Business Services Limited. The lead managers to the issue are ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, SBI Capital Markets Limited, and Ambit Private Limited, and the Registrar to this issue is KFin Technologies Private Limited.


Fincare Small Finance Bank IPO Date

The opening and the closing date of the IPO of Fincare Bank is [●] to [●].


Check out Related IPO Links:

Fincare Small Finance Bank GMP
Allotment – Fincare Small Finance Bank IPO

Fincare Small Finance Bank IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day –  
2nd Day – 
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Check Fincare Small Finance Bank IPO LIVE Subscription

  • Fincare Small Finance Bank IPO LIVE Bid details on BSE
  • Fincare Small Finance Bank IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Fincare Small Finance Bank IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Fincare Small Finance Bank IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Fincare Small Finance Bank IPO Price Band

The face value of each share is Rs [●], but the price band of the IPO is Rs.[●].


Fincare Small Finance Bank IPO Equity Size

This Initial Public Issue of [●] Equity Shares of Rs.10 each for price band of Rs.[●] per equity share aggregating to Rs.[●]


Fincare Small Finance Bank IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.[●]

Issue Size: [●] Equity Shares of Rs.[●] each, aggregating to Rs.[●]

Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of the face value of Rs.[●] each, aggregating Rs.[●]


Fincare Small Finance Bank IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Fincare Small Finance Bank Share Price

Fincare Small Finance Bank IPO Grey Market Premium

The Fincare Small Finance Bank Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Fincare Small Finance Bank IPO – Company Overview

They follow a business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs. Their business objective is to enhance access to savings, credit, and other financial products for unbanked and underbanked individuals, MSMEs, and unorganized entities, especially in rural areas, by leveraging technology and last-mile distribution.

The Company has a deep understanding of unbanked and under-banked customers, especially rural customers, with over 14 years of experience in providing microloans. Their Bank operated as an NBFC-ND under the name ‘Disha Microfin Limited’ since 2010 and was registered as an NBFC-MFI in 2013.

They have leveraged our understanding of unbanked and underbanked customers to offer new secured loan products, which they offer primarily in semi-urban areas. While they continue to have a strong organizational setup for microloans, they have invested in and built dedicated teams, requisite internal systems, processes, and technology to drive their secured loan products.


Fincare Small Finance Bank IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Millions)
Dec 20Mar 2031-Mar 19Mar 18
*Total Assets76,233.7771,162.7441,717.4022,741.15
Total Revenue9,983.0612,157.206,748.823,504.98
Total Expense8,943.7910,722.715,729.024,480.48
Profit After Tax2,010.011,372.74224.34(795.46)

Earnings per Equity Share (in Crs)

Mar 2031-Mar 19Mar 18
Basic & Diluted24.4322.41(26.04)

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

  • Their revenue from operations for the six months ended December 31, 2020, and the Fiscals 2020, 2019, and 2018, was Rs.9,983.06 Million, Rs.12,157.20 Million, Rs.6,748.82 Million, and Rs.3,504.98 Million, respectively. Their profit for the period for the six months ended September 30, 2020, and the Fiscals 2020, 2019, and 2018, was Rs.2,010.01 Million, Rs.1,372.74 Million, Rs.224.34 Million, and Rs. (795.46) Millions, respectively.

Fincare SFB Bank IPO – Promoters

The Promoter of the company is Fincare Business Services Limited.

List of Related Parties (Key Managerial Personnel)

  • Pramod Kabra, Chairman, and Non-Executive Director
  • Rajeev Yadav, Managing Director, and Chief Executive Officer
  • Alok Prasad, Independent Director

Fincare Bank IPO – Competitive Strength

  • A customer-centric approach driven by digital banking and automation
  • Strong commitment to financial inclusion with the extensive rural franchise and expanding urban presence
  • Multi-channel, low-cost distribution network with diversified geographic presence
  • Fast-growing stable deposit base with a growing CASA franchise
  • Robust risk management policies, leading to healthy asset quality
  • Stable and experienced professional leadership team with strong corporate governance

Fincare SFB Bank IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs.13,300 MILLION
of which:
Fresh issueUp to [●] Equity Shares aggregating up to Rs.3,300 MILLION
Offer For Sale
Up to [●] Equity Shares aggregating up to Rs.10,000 MILLION
Less:
Strategic Investor PortionUp to [●] Equity Shares aggregating up to Rs.[●]
Cr
The Offer (excluding Strategic Investor Portion)Up to [●] Equity Shares aggregating up to Rs.[●]
Cr
Of which: 
Institutional Investor PortionNot more than [●] Equity Shares
Non-Institutional Investor PortionNot less than [●] Equity Shares

Fincare Small Finance Bank IPO Issue Object

The proceeds of the Fresh Issue will be up to Rs.4,993.48 Cr. The Offer Proceeds will be utilized towards the following objects:

  • providing loans to the Initial Portfolio Assets for repayment or pre-payment of debt, including any accrued interest,
    availed by the Initial Portfolio Assets; and
  • general purposes.

Fincare Small Finance Bank IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

They believe that some of the qualitative factors which form the basis for computing the Issue Price are as follows:

  • Strong lineage and support from their Sponsor and Project Manager
  • Consistent and stable cash flows from assets with long term visibility and low counterparty risks
  • Strong financial position
  • Fast-growing stable deposit base with a growing CASA franchise
  • Robust risk management policies, leading to healthy asset quality
  • Stable and experienced professional leadership team with strong corporate governance

The relevant quantitative factors are:

Basic EPSRONW (%)NAV (Rs.)
31-Mar-2024.4315.87%158.56
Mar-1922.4115.31%
31-Mar-18(26.04)(28.90%)

Fincare Small Finance Bank IPO: Competitive Peers

Total
Income (₹ in
million)
Face Value
per Equity
Share (₹)
P/EEPS
(Basic)
(₹)
RoNW
(%)
 NAV
 (Rs.)
Fincare Small Finance Bank Limited*12,157.2010.00[●]24.4315.87%142.08
Listed Peers
AU Small Finance Bank Limited49,919.7610.0041.3522.7815.42%143.92
Bandhan Bank Limited30,237.3710.0016.5818.7819.90%94.37
CreditAccess Grameen Limited17,054.8010.0025.8923.2011.27%189.90

Fincare Small Finance Bank IPO Lead Managers

Lead Managers

ICICI Securities Limited,

Axis Capital Limited,

IIFL Securities Limited,

SBI Capital Markets Limited,

Ambit Private Limited

Fincare Small Finance Bank IPO Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited
(formerly known as “Karvy Fintech Private Limited”)
Selenium, Tower B, Plot No. -31 and 32
Financial District Nanakramguda,
Serilingampally Hyderabad,
Rangareddi 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail:fincarebank.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail:einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221

Fincare SFB IPO – Other Details

  • Statutory Auditor – Walker Chandiok & Co. LLP
  • Legal Counsel to the Company – Cyril Amarchand Mangaldas
  • Bankers to the Company –  ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, SBI Capital Markets Limited, Ambit Private Limited


Fincare SFB Bank IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Fincare Small Finance Bank IPO News

News 1 – Fincare Small Finance Bank IPO DRHP Download

News 2 – Fincare SFB IPO RHP Download


Fincare SFB Bank IPO Review FAQs

Ques – What is the Issue Size of Fincare SFB Bank IPO?

Answer – The Company is making an initial public offer of X Eq Shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

Ques – What is the Price Band of Fincare SFB Bank IPO?

Answer – The price band for this particular IPO ranges between Rs X per equity share. As far as the face value of the share is of concern, it is Rs.10 per share.

Ques – What is the Fincare SFB Bank IPO Open Date?

Answer – The opening and closing dates for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

Ques – What is the Allotment Date of Fincare SFB Bank IPO?

Answer – We also have the news regarding the respective allotment dates. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on May NA.

Ques – What is the Fincare Small SFB IPO Listing Date?

Answer – Shares of this company shall be listed in the exchanges on NA. The date when the listing would be done is stagnant on NA.

Ques – Who is the Registrar of this IPO?

Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFintech Private Limited. Their website will help you regarding the further information you are on the lookout for.

Ques – Who is the Promoter of this Company?

Answer – Here are the promoters of this company – The Promoter of the company is Fincare Business Services Limited. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

Ques – What is GMP of Fincare SFB Bank IPO?

Answer – We have obtained the GMP of this IPO and it is Rs NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Ques – Is Fincare SFB IPO good for Investment?

Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

Ques – What is the PAT of this Company?

Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. Their revenue from operations for the six months ended December 31, 2020, and the Fiscals 2020, 2019, and 2018, was Rs.9,983.06 Million, Rs.12,157.20 Million, Rs.6,748.82 Million, and Rs.3,504.98 Million, respectively. Their profit for the period for the six months ended September 30, 2020, and the Fiscals 2020, 2019, and 2018, was Rs.2,010.01 Million, Rs.1,372.74 Million, Rs.224.34 Million, and Rs. (795.46) Millions, respectively.


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