 "Initial public offerings, IPOs, stock market, investors")
The 1,960 crore initial public offering (IPO) of Five-Star Business Finance opened for subscription on Wednesday, November 9 and will close on Friday, November 11. With a price band fixed in the range of Rs 450-474 per share, the Chennai-based NBFC’s public issue is a complete offer for sale (OFS).
According to IPO watch, shares of Five-Star Business Finance traded at Rs 484 apiece on the upper price band in the grey market, higher by 2 per cent. Later, they are likely to debut bourses on November 21 and join listed peers like AU Small Finance Bank, Shriram City Union
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