Five Star Business Finance, founded in 1984, is a Chennai based company that provides small loans and small mortgages to self-employed individuals and small entrepreneurs, who are excluded by the large financial institutions.
The Five Star Business Finance IPO issue consists of an Offer for Sale aggregating to Rs. 2,751.95 crores.
Objective of Five-Star Business Finance IPO The main objective of the issue is to gain from the company being listed on the stock exchanges
The Five Star Business Finance IPO opens on 9th November and closes on 11th November.
The price of the Five Star Business Finance IPO is set at Rs. Rs. 450 – Rs. 474 per share.
The Five Star Business Finance IPO lot size is 31 shares per lot. A retail-individual investor can apply for up to 13 lots (403 shares or ₹191,022).