October 2, 2023
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Fincare SFB IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com, India`s Oldest Investment & IPO website.
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Fincare Small Finance Bank IPO Guidance:
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Fincare Small Finance Bank IPO Listing Reviw
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Fincare Small Finance Bank IPO GMP
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Fincare Small Finance Bank IPO Subscription
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Who is the promoter of Fincare Small Finance Bank IPO?
RAGHUNANDANA TANGIRALA AND SHANTHI TANGIRALA
What is the business of Fincare Small Finance Bank?
Fincare Small Finance Bank is a “digital-first” SFB with a focus on unbanked and under-banked customer segments especially in rural and semi-urban areas. Its Gross Loan Portfolio (“GLP”) grew from Rs 60,722.11 million to Rs 99,111.44 million, registering a CAGR of 27.76%, from Fiscal 2021 to Fiscal 2023. This growth was driven primarily by growth in borrowers from 2.29 million as of March 31, 2021 to 3.40 million as of March 31, 2023, a CAGR of 21.87%. Its ROE was 8.60% for Fiscal 2023 and it had a total of 4.27million customers (comprising borrowers and depositors) as of March 31, 2023.
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 March 31, 2023, 93.47% of its customers were located in rural areas, and 43.78% were new to credit.
The Bank operated as an NBFC-ND under the name ‘Disha Microfin Limited’
since 2010 and was registered as an NBFC-MFI in 2013. While it continues to have a strong organizational set up for microloans, it has invested in and built dedicated teams, requisite internal systems, processes and technology to drive its secured loan portfolio.
For more information, click www.fincarebank.com
What is the object of Fincare Small Finance Bank IPO?
The Offer comprises an Offer for Sale and the Fresh Issue.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following object:
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 Bank IPO GMP, Particulars & Guidance
| Fincare SFB IPO Details to watch | |
| IPO opens on | ? ,2023 |
| IPO closes on | ? ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Sh /Rs ? Cr |
| * Fresh Issue | ? Sh /Rs 625 Cr |
| * Offer for Sale | 17,000,000 Sh /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Employee discount | Rs. nil per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr. |
| QIB (75 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees | ? | ? |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | – Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | ? Sh | ? |
| Max Retail Application | ? sh | ? |
| Small HNI (Min) application | ? Sh | ? |
| Small HNI (Max) application | ? sh | ? |
| Big HNI Application | ? Sh | ? |
| Fincare SFB IPO Tentative timetable | |
| IPO Opens on | ? ,2023 |
| IPO Closes on | ? ,2023 |
| IPO Allotment on | ? ,2023 |
| Refund Initiation | ?, 2023 |
| Credit of Shares | ? , 2023 |
| Listing on | ? , 2023 |
| Registered Office of Fincare SFB | |
| 301-306, 3rdFloor, Abhijeet -V, Opp. Mayor’s Bunglow, Law Garden Road, Mithakhali, Ahmedabad 380 006, Gujarat,India. | |
| Fincare SFB IPO Lead Managers ICICI Securities ltd, Axis Capital Ltd, IIFL Securities Ltd, SBI Capital Markets Ltd, Ambit Private Ltd |
|
| Registrar to Fincare SFB IPO | |
| Kfin Technologies Limited |
| Fincare SFB IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr. | Rs.in Cr. | Rs. | % | |
| 2020-21 | 1377 | 113.14 | 5.55 | 11.89 |
| 2021-22 | 1645 | 8.88 | 0.38 | 0.80 |
| 2022-23 | 1971 | 103.64 | 4.69 | 8.40 |
| Book Value of the Share on | 31.03.2023 | Rs.55.91 | ||
| Book Value of the Share | after the IPO | Rs.? | ||
| Offer Price/Upper Price | Rs. ? | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | ? |
| Upper offer price/BV Ratio | ? |
| Upper offer price/BV after IPO Ratio | ? |
| Fincare SFB IPO Peer Comparison: | |||
| As on date of DRHP | Total | Face | PE |
| Income | Value | Ratio of | |
| Rs. in Cr. | Rs | ||
| IPO company | 1644 | 10 | ? |
| Equitas SFB | 3997 | 10 | 29.10 |
| Ujjivan SFB | 3173 | 10 | NM |
| Credit Access Gramin | 2750 | 10 | 42.68 |
| Spandana Sphooty | 1480 | 10 | 54.70 |
| Bandhan Bank | 16694 | 10 | 282.26 |
| AU Small Finance Bank | 6915 | 10 | 37.37 |
| Suryodaya SFB | 1035 | 10 | NM |
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Fincare SFB IPO GMP, Details, Guidance & Subscription Status
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