The Micro NBFC SFB (Small finance Bank) company Fincare Small Finance Bank IPO will be hit the market Soon. The Company has filed the DRHP of this IPO. According to DRHP, the company wants to raise ₹- crore through IPO. The company will issue fresh shares of ₹625 crores through this IPO and will issue shares through offer for sale of 17,000,000 shares.
The company has reserved 50% for QIB, 35% for retail and 15% for NII in this IPO.
■ Update :
- The Company has filed the first time DRHP of this IPO dated (10 May 2021) to raise ₹1,330 Cr which included a fresh issue worth ₹330 crore and offer-for-sale (OFS) of ₹1000 crore.
- The Company has re-filed the DRHP of this IPO dated (08 August 2022) to raise ₹625 Cr fresh Issue and OFS 17,000,000 shares.
- According to DRHP, the company has increased the fresh issue size by 90% in this IPO as compared to the previous IPO. The company had made a fresh issue of ₹330 crore in the earlier DRHP, but in this IPO DRHP has offered a fresh issue of ₹625 crore.
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. Fincare SFB has a suite of smart banking products such as Savings Accounts, Current Accounts, Fixed Deposits, NRI Fixed Deposits, Recurring Deposits, Micro Loans, Cash Overdraft, Loans against Gold, Loan against property, Institutional Finance and Two-wheeler Loan. Since inception, the digital paradigm has always been the force multiplier that would enable us to emerge as a best-in-class player in the banking landscape in India.
We recognize digital as the currency that is going to radically change India’s future and in particular banking. With a 3D approach viz. Digital, Doorstep and Delightful rates. The company is confident of becoming a force to reckon and a ‘Smart Bank of choice’ in India. The company business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs.
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The company 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, 2022, 93.44% of our customers were located in rural areas, and 54.23% were new to credit. We believe that our business model is profitable, sustainable and socially beneficial.
The second highest deposit growth over Fiscal 2020 to Fiscal 2022, at a CAGR of 46.7%. Further, from Fiscal 2019 to Fiscal 2022, we had the second highest average ROA and ROE (adjusted for COVID-19 provisions) among SFBs and we were one of India’s most profitable SFBs, based on ROA and ROE. The company Gross Loan Portfolio (“GLP”)grew from ₹53,418.25 million to ₹75,995.80 million, registering a CAGR of 19.28%, from Fiscal 2020 to Fiscal 2022.
This growth was driven primarily by growth in borrowers from 2.29 million as of March 31, 2020 to 2.39 million as of March 31, 2022, a CAGR of 9.94%. The company ROE was 0.72% for Fiscal 2022 and the total of 3.26 million customers.
Object Of the Issue :
- Gross proceeds of the Fresh Issue
- Estimated Offer related expenses in relation to the Fresh Issue to be borne by Bank
Company Strengths :
- Customer-centric approach driven by digital banking and automation.
- Strong commitment to financial inclusion with 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.
- Stable and experienced professional leadership team.
- Robust risk management policies, leading to healthy asset quality.
- Strong track record of financial and operational performance.
Fincare Small Finance Bank IPO Review :
■ Update Soon
Fincare Small Finance Bank IPO Date & Price Band & Details :
| IPO Open : | Update Soon |
| IPO Close : | Update Soon |
| IPO Size : | ₹. Cr |
| Face Value : | ₹. Equity Share |
| Price Band : | ₹ – ₹ Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹. Cr |
| Fresh Issue : | ₹. Cr |
| Offer For Sale : | ₹. Cr |
Fincare Small Finance Bank IPO Market Lot :
Fincare Small Finance Bank IPO Minimum Market lot is – Lot with – shares with ₹- Application amount. The retail investors can apply up to – lots with – Shares or ₹- amounts.
| Minimum Lot Size : | – Lot |
| Minimum Share : | – Shares |
| Minimum Amount : | ₹- |
| Maximum Lot Size : | – Lot |
| Maximum shares : | – Shares |
| Maximum Amount : | ₹- |
Fincare Small Finance Bank IPO Shares Offer :
A Total of – shares are to be bid for the public issue by Stitched Textiles IPO with – for Fresh issue and – for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | – | ₹– |
| Offer For Sale : | – | ₹– |
| Total : | – | ₹– |
Fincare Small Finance Bank IPO Reservation :
Fincare SFB IPO Total Reservation of – shares are to be bid for the public issue by Fincare SFB IPO with – for QIB and – for NII – For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | – | ₹– |
| NII : | 15% | – | ₹– |
| RII : | 35% | – | ₹– |
| EMP : | – % | – | ₹- |
| Total : | 100% | – | ₹– |
Fincare Small Finance Bank IPO EPS :
The Fincare SFB company’s EPS growth is decreasing every year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) |
| 2022-3M | ₹1.30 |
| 2022 | ₹5.35 |
| 2020 | ₹4.28 |
| 2019 | ₹3.52 |
Fincare Small Finance Bank IPO Peer Comparison PE :
The Fincare SFB, According to DRHP of the company only Happiest Minds Technology company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Happiest Minds Technologies | 118.02 |
Fincare Small Finance Bank IPO Dates :
Fincare SFB IPO Date is Announced Soon. The allotment will be finalized on Announced Soon and the IPO may list on Announced Soon.
| Open Date : | Announced Soon |
| Close Date : | Announced Soon |
| Allotment Date : | Announced Soon |
| Refund Date : | Announced Soon |
| Share Credit Date : | Announced Soon |
| Listing Date : | Announced Soon |
Fincare Small Finance Bank IPO Form :
There are two ways to apply in Fincare SFB IPO. You can apply for Fincare SFB IPO through ASBA available in your bank account. You have to go to your online bank login and select Fincare SFB IPO in the Invest section and apply through your bank account. Another option is you can apply for Fincare SFB IPO through IPO form download through NSE and BSE. See the Fincare SFB IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Fincare Small Finance Bank Company Financial Report (million) :
| Year | Revenue | Expense | P&L |
| 2022 | ₹16,476.48 | ₹16,387.77 | ₹1,899.54 |
| 2021 | ₹13,767.10 | ₹12,635.71 | ₹2,102.13 |
| 2020 | ₹12,140.92 | ₹10,706.43 | ₹1,372.74 |
Company Promoters :
■ Pramod Kabra
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Fincare Small Finance Bank IPO Lead Managers :
■ ICICI Securities Limited
■ Axis Capital Limited
■ IIFL Securities Limited
■ SBI Capital Markets Limited
■ Ambit Private Limited
Fincare Small Finance Bank IPO Registrar :
KFin Technologies 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:[email protected]
Investor grievance e-mail: [email protected]
Website:www.kfintech.com
Note: Check Fincare Small Finance Bank IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Fincare Small Finance Bank Limited
301-306, 3rd Floor, Abhijeet -V
Opp. Mayor’s Bunglow, Law Garden Road
Mithakhali Ahmedabad 380 006
Gujarat, India
Tel: +91 7940011000
E-mail: [email protected]
www.fincarebank.com
Fincare Small Finance Bank IPO FAQs :
What is Fincare Small Finance Bank IPO?
Fincare Small Finance Bank IPO is Mainboard IPO. They are going to raise ₹. Crores via IPO. The issue is priced at ₹-₹- per equity share. The IPO is to be listed on NSE, BSE.
When Fincare Small Finance Bank IPO will open?
The IPO is to open on Announced Soon for QIB, NII & RII.
What is Fincare Small Finance Bank IPO Size?
Fincare Small Finance Bank IPO size is ₹- Crores.
What is the Fresh issue size of Fincare Small Finance Bank IPO?
The Fresh issue size of Fincare Small Finance Bank IPO ₹- Cr.
What is the Offer For Sale size of Fincare Small Finance Bank IPO?
The Offer For Sale size of Fincare Small Finance Bank IPO ₹- Cr.
What is Fincare Small Finance Bank IPO Price Band?
Fincare Small Finance Bank IPO Price Band is ₹-₹- Per share.
What is Fincare Small Finance Bank IPO Minimum and Maximum Lot Size?
The minimum – Shares with ₹- amount while the maximum – shares with ₹-.
What is Fincare Small Finance Bank IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Fincare Small Finance Bank IPO Allotment Date?
Fincare Small Finance Bank IPO allotment date is Announced Soon.
What is Fincare Small Finance Bank IPO Listing Date?
Fincare Small Finance Bank IPO listing date is Announced Soon. The IPO to list on NSE, BSE.
How to Apply the Fincare Small Finance Bank IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Fincare Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Fincare Small Finance Bank IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Fincare Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Fincare Small Finance Bank IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Fincare Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Fincare Small Finance Bank IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Fincare Small Finance Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Fincare Small Finance Bank IPO GMP: Click Here Fincare Small Finance Bank IPO Subscription: Click Here Fincare Small Finance Bank IPO Allotment: Click Here Fincare Small Finance Bank IPO Listing: Click Here |
All Fincare Small Finance Bank IPO-related links are available here. If you want to know the details then click on Click Here Link.
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