Five Star Business Finance

Five-star Business Finance Block Deal: 28 mn shares change hands, stk up 4%

The surge in Five-Star Business Finance share price came after 28.1 million (or 2.81 crore) shares changed hands via a block deal.

Five Star Business Finance Q4 results: PAT up 40% to Rs 236 crore

Non-banking finance company Five-Star Business Finance Ltd has recorded a 40 per cent rise in its profit after tax for the January-March 2024 quarter at Rs 236 crore. The city-based company had registered a profit after tax at Rs 169 crore during the corresponding quarter of last year. Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year. For the year ending March 31, 2024 the profit after tax grew by 39 per cent to Rs 836 crore from Rs 604 crore registered last financial year. Total disbursements for the year ending March 31, 2024 stood at Rs 9,641 crore, up by 39 per cent from Rs 6,915 crore registered year ago. Commenting on the financial performance, company Chairman and Managing Director Lakshmipathy Deenadayalan said, "Q4 was a very strong quarter across the three aspects of quality, profitability and growth. During the quarter, we disbursed Rs 1,336 crore of loans as ..

3 entities sell shares of Five Star Finance for Rs 1,863 cr via open market

Three entities on Friday offloaded 2.55 crore shares of non-banking financial company Five-Star Business Finance for Rs 1,863 crore through open market transactions. Following the share sale, shares of Five-Star Business Finance plunged 5.89 per cent to close at Rs 727.80 apiece on the BSE. Norwest Venture Partners X Mauritius, Matrix Partners India Investment Holdings II LLC and TPG Asia VII SF Pte were the entities that sold the shares of Five-Star Business Finance on the BSE. According to the bulk deal data on the BSE, they offloaded a total of 2.55 crore shares of Five-Star Business Finance in four tranches. The shares were sold in the price range of Rs 730-730.62 apiece, taking the combined transaction value to Rs 1,862.86 crore. Meanwhile, HDFC Mutual Fund acquired 41.19 lakh shares of Five-Star Business Finance, at an average price of Rs 730 apiece, taking the deal value to Rs 300.71 crore.

Five-Star Business Finance zooms nearly 20% on strong Q1 show

The stock has now rallied 83 per cent from its IPO price of Rs 474 per share in less than nine months.

Fusion Micro, Spandana: Rally in MFI stocks has more legs, say analysts

Analysts expect the sector to see strong loan growth in FY24 and FY25 driven by increase in ticket sizes, strong customer acquisitions, and regulatory tailwinds

Five Star Business Finance expects 30% growth in AUM in FY24

Firm plans 60 new branches during the year, increase staff strength and hike ticket size as well

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

Five Star Business Finance makes a weak debut, lists at 5% discount on BSE

Shares of Five Star Business Finance opened at Rs 468.8 on the NSE and at Rs 449.95 on the BSE.

Street Signs: All eyes on Delhivery, Nifty new high on cards & more

Shares of logistics firm Delhivery and micro lender Five Star Business Finance are likely to be in focus on Monday

Five Star Business Finance IPO kicks off: Should you subscribe?

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

Another busy week for mkt; 4 firms set to launch IPOs to raise Rs 5,000 cr

The primary market continues to be a busy one with four firms, including Archean Chemical Industries and Five Star Business Finance, are set to float their IPOs next week to collectively raise about Rs 5,000 crore. The other two firms whose initial public offerings (IPOs) are ready to open are -- Kaynes Technology India and Inox Green Energy Services. This came after four companies launched their initial share-sales last week. Of these, two IPOs -- maker of snacks and sweets Bikaji Foods International and Global Health Ltd which operates hospitals under the Medanta brand -- are currently underway. The IPOs of Archean Chemical and Five Star Business will be open for public subscription on November 9 and close on November 11, while that of Kaynes Technology and Inox Green are set to kick off on November 10 and November 11 respectively, as per the red herring prospectus (RHP). So far in 2022, as many as 26 companies have floated their IPOs to raise over Rs 48,000 crore. In 2021, 63 IP

Fidelity, HDFC Mutual eye India's Five Star IPO at lower valuation: Report

Five Star Business Finance is planning to make its stock market debut within weeks, with anchor investors including Fidelity Investments in talks to subscribe to the issue

Five Star Business Finance files Rs 2,752-crore IPO papers with Sebi

The IPO is an entirely an offer for sale (OFS) by existing shareholders and promoter group entities

Five Star Business Finance: Serving small entrepreneurs

Five Star Business Finance's challenge will be to scale up with the same level of expertise