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₹142 - 142
Finbud Financial Services Ltd
E-Commerce/App based AggregatorIPOSME
₹142 - 142
The company operates as a financial platform that specializes in connecting borrowers with lenders, utilizing a hybrid model that combines online via a digital channel and traditional methods via agent channel. It employs a commission-based revenue model, deriving income from each successful loan disbursement conducted by its Lending Partners. The company offers a range of financial products, including personal loans, home loans, and credit lines to consumers, as well as business loans and working capital loans targeted at small to medium-sized enterprises. Each borrower is matched with a suitable lender to ensure that their specific financial needs are met, providing them with flexible terms and competitive rates.
Lot1,000Min Invest₹2,84,000Face Value₹10Issue Size₹72 CrFresh Issue₹72 CrListing Price₹157CMP₹117
Timeline
6 Nov
Bidding opens
10 Nov
Bidding closes
11 Nov
Allotment
12 Nov
Refund & demat credit
13 Nov
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹72 Cr0.50 Cr shares
Fresh Issue₹72 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,84,0001-1 lots
sNII₹2,84,000from 2 lots
bNII₹11,36,000from 8 lots
Managers & Registrar
Lead ManagerSKI Capital Services Ltd
RegistrarSkyline Financial Services Pvt
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group64.93%47.72%Public35.07%52.28%
Objects of the Issue
- Infrastucture Development
- Working capital Requirement
- Investment in wholly owned subsidiary i.e. LTCV Credit Pvt Ltd
- Funding for Business Development and Marketing Activities
- Investment in data analytics
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
- Prepayment or repayment of a portion of certain outstanding borrowings availed by our company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 88 | 135 | 190 | 223 | 316 |
| Operating ProfitCr | 2 | 4 | 11 | 15 | 18 |
| OPM% | 2.3 | 3.1 | 5.6 | 6.6 | 5.7 |
| PBTCr | 0 | 2 | 8 | 12 | 15 |
| PATCr | 0 | 2 | 6 | 9 | 12 |
| EPS | -6 | 1,168 | 3,773 | 6 | 7 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 14 | 19 |
| ReservesCr | 4 | 6 | 12 | 22 | 96 |
| BorrowingsCr | 6 | 7 | 12 | 19 | 23 |
| Fixed AssetsCr | - | - | - | - | 5 |
| Total AssetsCr | 25 | 28 | 46 | 69 | 167 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 2 | 3 | -2 | -13 | -13 |
| Investing Cash FlowCr | -1 | -1 | -2 | -1 | -2 |
| Financing Cash FlowCr | -2 | 1 | 4 | 20 | 77 |
| Net Cash FlowCr | -1 | 2 | 0 | 6 | 62 |
Strengths & Risks
Strengths · as stated in the DRHP
- Strong portfolio and diverse range of Loan products across consumer preferences.
- Diversified revenue from multiple locations and geographies of India.
- Strategic Partnerships with Banks and NBFCs.
- Capital-efficient and scalable business model.
- Experienced, aligned, and professional management team.
Strategies · as stated in the DRHP
- Expansion of Service Offerings.
- Enhancing Digital Experience.
- Strengthening Agent Network.
- Market Expansion.
- Data Security and Compliance.
- Customer Insight and Analytics.
Risks · as stated in the DRHP
- Our business is heavily reliant on Agent channel sales, which constitute a significant portion of our total revenue. Any disruption to Agent channel sales operations, changes in consumer preferences, or inability to effectively grow our Digital channel sales could have a material adverse effect on our business, financial performance, results of operations, and future growth prospects.
- Our company has not complied with certain statutory provisions of the Companies Act. Such non-compliance may attract penalties and other actions against our Company and its Directors which could impact the financial position of us to that extent
- Concentration Risk from Dependency on a Few Key Lending Partners May Adversely Affect Our Business.
- Our Company has entered into certain related party transactions and may continue to do so in the future.
- We do not own the registered office, corporate office including branches from which we carry out our business activities. If there are issues such as non-renewal of rent agreements, disputes regarding the use of these premises, or disruptions in business operations due to actions by our business associates, our business and operational results could be adversely affected.
- Our Independent Directors have not passed the online proficiency self-assessment test conducted by Indian Institute of Corporate Affairs to approve proficiency of a person to be appointed as an Independent Director of any company