Finbud Financial IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 06 to Nov 10 2025
Price Band
₹140 - 142
Current GMP
₹157.0 (+10.56%)
Subscription
4.43 times
IPO Details
| IPO Date | November 6, 2025 to November 10, 2025 |
| Listing Date | November 13, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹140 to ₹142 per share |
| Issue Price Final | ₹142 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,48,000 shares (aggregating up to ₹71.68 Cr) |
| Reserved for Market Maker | 2,53,000 shares (aggregating up to ₹3.59 Cr)SKI Capital Services Ltd. |
| Net Offered to Public | 47,95,000 shares (aggregating up to ₹68.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,40,01,480 shares |
| Share Holding Post Issue | 1,90,49,480 shares |
IPO Date
November 6, 2025 to November 10, 2025
Listing Date
November 13, 2025
Face Value
₹10 per share
Issue Price Band
₹140 to ₹142 per share
Issue Price Final
₹142 per share
Lot Size
1,000 Shares
Sale Type
Fresh Capital
Total Issue Size
50,48,000 shares (aggregating up to ₹71.68 Cr)
Reserved for Market Maker
2,53,000 shares (aggregating up to ₹3.59 Cr)SKI Capital Services Ltd.
Net Offered to Public
47,95,000 shares (aggregating up to ₹68.09 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
1,40,01,480 shares
Share Holding Post Issue
1,90,49,480 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 4.33 |
| Non-Institutional Buyers*** | 8.38 |
| bNII (bids above ₹10L) | 10.63 |
| sNII (bids below ₹10L) | 3.87 |
| Individual Investors (IND category bidding for 2 Lots) | 2.80 |
| Total ** | 4.43 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
4.33
Non-Institutional Buyers***
8.38
bNII (bids above ₹10L)
10.63
sNII (bids below ₹10L)
3.87
Individual Investors (IND category bidding for 2 Lots)
2.80
Total **
4.43
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 6, 2025 | 0.04 | 1.42 | 1.66 | 0.93 | 0.34 | 0.48 |
| Day 2 Nov 7, 2025 | 2.37 | 1.28 | 1.37 | 1.08 | 0.53 | 1.21 |
| Day 3 Nov 10, 2025 | 4.33 | 8.38 | 10.63 | 3.87 | 2.80 | 4.43 |
DayDay 1
Nov 6, 2025
QIB (Ex Anchor)0.04
NII*1.42
NII (> ₹10L)1.66
NII (< ₹10L)0.93
Individual Investors0.34
Total0.48
DayDay 2
Nov 7, 2025
QIB (Ex Anchor)2.37
NII*1.28
NII (> ₹10L)1.37
NII (< ₹10L)1.08
Individual Investors0.53
Total1.21
DayDay 3
Nov 10, 2025
QIB (Ex Anchor)4.33
NII*8.38
NII (> ₹10L)10.63
NII (< ₹10L)3.87
Individual Investors2.80
Total4.43
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 13-11-2025 | 142.00 | 11(7.75%) | 153 |
| 12-11-2025 | 142.00 | 11(7.75%) | 153 |
| 11-11-2025 | 142.00 | 0(0.00%) | 142 |
| 10-11-2025 | 142.00 | 0(0.00%) | 142 |
| 09-11-2025 | 142.00 | 0(0.00%) | 142 |
| 08-11-2025 | 142.00 | 0(0.00%) | 142 |
| 07-11-2025 | 142.00 | 0(0.00%) | 142 |
| 06-11-2025 | 142.00 | 0(0.00%) | 142 |
| 05-11-2025 | 142.00 | 0(0.00%) | 142 |
| 04-11-2025 | 142.00 | 0(0.00%) | 142 |
| 03-11-2025 | 142.00 | 0(0.00%) | 142 |
| 01-11-2025 | 142.00 | 0(0.00%) | 142 |
| 31-10-2025 | 142.00 | 0(0.00%) | 142 |
| 30-10-2025 | 142.00 | 0(0.00%) | 142 |
| 29-10-2025 | 0(%) | (%) |
Date13-11-2025
Price142.00
GMP11(7.75%)
Estimate List Price153
Date12-11-2025
Price142.00
GMP11(7.75%)
Estimate List Price153
Date11-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date10-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date09-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date08-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date07-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date06-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date05-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date04-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date03-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date01-11-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date31-10-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date30-10-2025
Price142.00
GMP0(0.00%)
Estimate List Price142
Date29-10-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Thu, Nov 6, 2025 |
| IPO Close Date | Mon, Nov 10, 2025 |
| Tentative Allotment | Tue, Nov 11, 2025 |
| Initiation of Refunds | Wed, Nov 12, 2025 |
| Credit of Shares to Demat | Wed, Nov 12, 2025 |
| Tentative Listing Date | Thu, Nov 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 10, 2025 |
IPO Open Date
Thu, Nov 6, 2025
IPO Close Date
Mon, Nov 10, 2025
Tentative Allotment
Tue, Nov 11, 2025
Initiation of Refunds
Wed, Nov 12, 2025
Credit of Shares to Demat
Wed, Nov 12, 2025
Tentative Listing Date
Thu, Nov 13, 2025
Cut-off time for UPI mandate confirmation
5 PM on Mon, Nov 10, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,84,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,26,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,36,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,84,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,84,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹4,26,000
ApplicationS-HNI (Max)
Lots7
Shares7,000
Amount₹9,94,000
ApplicationB-HNI (Min)
Lots8
Shares8,000
Amount₹11,36,000
Financial Information
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 76.12 | 68.93 | 44.97 |
| Total Income | 85.82 | 223.50 | 190.28 |
| Profit After Tax | 3.33 | 8.50 | 5.66 |
| EBITDA | 5.87 | 14.66 | 10.59 |
| NET Worth | 39.31 | 35.98 | 11.79 |
| Reserves and Surplus | 25.31 | 21.98 | 11.77 |
| Total Borrowing | 20.48 | 18.51 | 12.43 |
Period EndedPeriod Ended
31 Jul 202531 Jul 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
31 Jul 202576.12
31 Mar 202568.93
31 Mar 202444.97
Period EndedTotal Income
31 Jul 202585.82
31 Mar 2025223.50
31 Mar 2024190.28
Period EndedProfit After Tax
31 Jul 20253.33
31 Mar 20258.50
31 Mar 20245.66
Period EndedEBITDA
31 Jul 20255.87
31 Mar 202514.66
31 Mar 202410.59
Period EndedNET Worth
31 Jul 202539.31
31 Mar 202535.98
31 Mar 202411.79
Period EndedReserves and Surplus
31 Jul 202525.31
31 Mar 202521.98
31 Mar 202411.77
Period EndedTotal Borrowing
31 Jul 202520.48
31 Mar 202518.51
31 Mar 202412.43
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Finbud Financial Services | 6.07 | 6.07 | 25.70 | 23.61 | ||
| My Mudra Fincorp | 9.96 | 9.96 | 46.85 | 7.79 | 16.87 | 1.67 |
| BLS E-Services | 5.79 | 5.79 | 53.10 | 32.99 | 12.18 | 3.60 |
| PB Fintech | 7.77 | 7.65 | 140.06 | 236.08 | 5.49 | 12.90 |
Company NameFinbud Financial Services
EPS (Basic)6.07
EPS (Diluted)6.07
NAV (per share) (Rs)25.70
P/E (x)
RoNW (%)23.61
P/BV Ratio
Company NameMy Mudra Fincorp
EPS (Basic)9.96
EPS (Diluted)9.96
NAV (per share) (Rs)46.85
P/E (x)7.79
RoNW (%)16.87
P/BV Ratio1.67
Company NameBLS E-Services
EPS (Basic)5.79
EPS (Diluted)5.79
NAV (per share) (Rs)53.10
P/E (x)32.99
RoNW (%)12.18
P/BV Ratio3.60
Company NamePB Fintech
EPS (Basic)7.77
EPS (Diluted)7.65
NAV (per share) (Rs)140.06
P/E (x)236.08
RoNW (%)5.49
P/BV Ratio12.90
IPO Reservation
| Market Maker Shares Offered | 2,53,000 (5.01%) |
| QIB Shares Offered | 23,95,000 (47.44%) |
| − Anchor Investor Shares Offered | 14,37,000 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 9,58,000 (18.98%) |
| NII (HNI) Shares Offered | 7,20,000 (14.26%) |
| − bNII > ₹10L | 4,80,000 (9.51%) |
| − sNII < ₹10L | 2,40,000 (4.75%) |
| Retail Shares Offered | 16,80,000 (33.28%) |
| Total Shares Offered | 50,48,000 (100.00%) |
Market Maker Shares Offered
2,53,000 (5.01%)
QIB Shares Offered
23,95,000 (47.44%)
− Anchor Investor Shares Offered
14,37,000 (28.47%)
− QIB (Ex. Anchor) Shares Offered
9,58,000 (18.98%)
NII (HNI) Shares Offered
7,20,000 (14.26%)
− bNII > ₹10L
4,80,000 (9.51%)
− sNII < ₹10L
2,40,000 (4.75%)
Retail Shares Offered
16,80,000 (33.28%)
Total Shares Offered
50,48,000 (100.00%)
Information about company
Incorporated in July 2012, Finbud Financial Services Limited is a loan aggregation platform in India, assisting individuals in obtaining personal, business, and home loans from banks and non-banking financial companies.
Services:
Offer Comparison: Finbud helps customers compare loan offers from multiple lenders.
Recommend products:;Finbud advises customers on the best loan product.
Documentation: Finbud helps customers with the loan documentation process.
Commission: Finbud earns a commission from the lenders when a loan is disbursed.
Product Offerings:
Personal Loans: Unsecured loans for salaried individuals, averaging INR 10 lakhs, forming the most significant revenue source from agents.
Business Loans: Unsecured loans for SMEs, averaging INR 20 lakhs, significantly contributing to overall revenue.
Home Loans: Secured loans for home purchases or property mortgages for individuals and SMEs
As of July 31, 2025, the company has total employed around 276 employees.
Competitive Strength
Extensive agent network across India.
Strong digital lending platform with robust technological infrastructure.
Comprehensive range of loan products.
Partnerships with lending institutions.
Effective use of data analytics for customer profiling and loan approval.
Objectives of IPO
The Company Finbud Financial IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Working Capital Requirement
20.90
2
Investment In Wholly Owned Subsidiary i.e. LTCV Credit Private Limited
15.00
3
Funding for Business Development and Marketing Activities
17.75
4
Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company
4.03
5
General Corporate Purposes
Disclaimer
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