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Fincare Small Finance Bank Company Details
Fincare Small finance Bank is 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, it had the highest growth rate in advances over FY2018 to
FY2020. It follows a business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs. Its 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. In FY2020, it had the best adjusted ROA and ROE (adjusted for COVID-19 provisions) among SFBs and, for the nine months ended December 31, 2020 and FY2020, it was one of India’s most profitable SFBs, based on ROE and ROA .

Its Gross Loan Portfolio grew from Rs 21,543.77 million to Rs 55,475.84 million, registering a CAGR of 41.05%, from March 31, 2018 to December 31, 2020. This growth was driven primarily by growth in borrowers from 1.02 million as of March 31, 2018 to 2.19 million as of December 31, 2020, a CAGR of 31.82%. Its ROE was 18.41% for FY2020 and 14.27% (annualized) for the nine months ended December 31, 2020. It had a total of 2.7 million customers as of December 31, 2020.

It follows a business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs. Its 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.

As of December 31, 2020, 92% of its customers were located in rural areas, and 40% were new to credit. It believes that its business model is profitable, sustainable and socially beneficial.

Its “digital first” approach supports its extensive physical network and focuses on technology-led operations across all aspects of its banking operations. It has a dedicated team responsible for conceptualizing, developing and implementing digital solutions to ensure higher level of customer connect and facilitate greater convenience, better service and faster turnaround time. As a result of its digital focus, it benefits from reduced costs, greater customer satisfaction and improved employee productivity.

For FY2020, it onboarded over 99.35% of our new customers (borrowers and depositors) using employee-assisted digital processes (including 99.97% for asset accounts and 99.70% for liability accounts)
Some of the qualitative factors which form the basis for computing the Offer Price are:
a. Customer-centric approach driven by digital banking and automation;
b. Strong commitment to financial inclusion with extensive rural franchise and expanding urban presence;
c. Multi-channel, low cost distribution network with diversified geographic presence;
d. Fast-growing stable deposit base with a growing CASA franchise;
e. Stable and experienced professional leadership team with strong corporate governance;
f. Robust risk management policies, leading to healthy asset quality; and
g. Strong track record of financial and operational performance
For more study : www.fincarebank.com

The promoters of Fincare Small Finance
Fincare Business Services Ltd
.
Fincare Small Finance IPO Main Objects
The Bank proposes to utilize the Net proceeds from the Fresh Issue towards augmenting its Tier-1 capital base to meet its future capital requirements

Fincare Small Finance IPO Details
IPO Opens on : ? 2021
IPO Closes on : ? 2021
Issue Type: Book Built Issue IPO
Issue : Rs 1330 Crore
Fresh Issue upto Rs. 330 Crore
Offer for Sale Up to Rs 1000 Crore
Face Value per share : Rs. 10

Fincare Small Finance IPO Price Band Per Equity Share: Rs. ??
Fincare Small Finance IPO Lot Size ? Shares
Fincare Small Finance Listing will at BSE,NSE

Shares offered to
Anchors ? Shares = INR ? Crs
QIB ? Shares = INR ?Crs
NII ? Shares = INR ?Crs
RII ? Shares = INR ?Crs
Lot size: ? = ? Forms

Fincare Small Finance IPO Tentative timeTable
Price Band announced
Fincare Small Finance IPOAnchor List
Fincare Small Finance IPO Opens on
Fincare Small Finance IPO Closes on
Fincare Small Finance IPO Allotment on
Unblocking of ASBA
Credit to Demat Accounts
Fincare Small Finance Listing on

Fincare Small Finance IPOLtd Financial Details :
Earnings per Share 2017-18 Rs (26.04)
Earnings per Share 2018-19 Rs 22.41
Earnings per Share 2019-20 Rs 24.43
Earnings per Share 2020-21,9M Rs 16.34
Book Value of the Share as on 31.12.2020 Rs 158.56
Return on Net Worth: 17-18 (28.90) %
Return on Net Worth: 18-19 15.31 %
Return on Net Worth: 19-20 15.87 %
Return on Net Worth: 20-21,9M : 10.33%
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio:
Equity Shares outstanding prior to the Offer 220,779,720 Equity Shares
Equity Shares outstanding after the Offer ? Equity Shares

Fincare Small Finance IPO Peer Comparison:
AU Small Finance Bank @ PE Multiple of 41.35
Bandhan Bank @ PE Multiple of 16.58
CreditAccess Grameen @ PE Multiple of 25.89
Equitas Small Finance Bank @ PE Multiple of 24.27
Ujjivan Small Finance Bank @ PE Multiple of 13.56
Spandana Sphoorty Financial @ PE Multiple of 10.61
Suryoday Small Finance Bank@ PE Multiple of 18.39

Fincare Small Finance IPO Lead Managers 
ICICI Securities
Axis Capital
IIFL Securities
SBI Capital Markets
Ambit Pvt ltd

Registrar to Fincare Small Finance IPO
Kfin Technologies Private Limited

Registered Office of Fincare Small Finance
: 301-306, 3rd Floor, Abhijeet -V,
Opp. Mayor’s Bunglow,
Law Garden Road, Mithakhali,
Ahmedabad 380 006
Corporate Office:
5th Floor, Bren Mercury,
Kaikondanahalli,
Sarjapur Main Road,
Bengaluru 560035, Karnataka
Company Secretary and Compliance Officer
Shefaly Kothari

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