Finbud Financial Services IPO...
31 Oct, 2025
Finbud Financial Services IPO
The SME IPO of Finbud Financial Services Ltd. opens for subscription from November 6, 2025, to November 10, 2025. It consists of a fresh issue of ₹68.09 crore, with a price band of ₹140 to ₹142 per share and a face value of ₹10 per share. The tentative listing date of Finbud Financial Services Ltd. IPO on the NSE SME exchange is November 13, 2025.
The lot size for a Finbud Financial IPO application is 1,000 shares, and the minimum amount of investment required by an individual investor (retail) is ₹2,84,000 (2,000 shares at the upper price). The Market Maker of the company is SKI Capital Services Ltd., Skyline Financial Services Pvt. Ltd. is the registrar of the issue, and SKI Capital Services Ltd. is the book running lead manager.
Company Background
Finbud Financial Services is a private limited company incorporated on December 9, 2012. Headquartered in Bangalore, the company specializes in retail loan aggregation, leveraging physical outreach and technology to integrate access to business, home, and personal loans via an innovative retail loan aggregation platform that efficiently connects lenders and borrowers.
Finbud Financial Services primarily caters to the underserved retail and SME segments, capitalizing on India’s rapidly growing FinTech and digital lending ecosystem.
Operations and Product Range
Regarded as a leading lending enabler in India, Finbud Financial offers a diverse product range, including business loans, home loans, and personal loans, along with specialized financial products via its subsidiary, LTCV Credit Private Limited. The company focuses on the digitalization of loan processes to enhance disbursal speed and customer acquisition.
Revenue Channels
Finbud Financial Services primarily generates revenues from interest on tie-up financing, commissions from partner lenders, loan processing fees and ancillary financial services. The company has reported growing streams of revenue aligned with digital lending growth in the country, with revenues reaching ₹257.28 crore annually (FY25).
Management and Shareholding
The founding team of Finbud Financial includes Vivek Bhatia, Parag Agarwal, and Parth Pande, who collectively hold a significant promoter stake. The pre-IPO promoter holding stands at around 64.92%, which will reduce to approximately 47.71% post-IPO. The company is professionally managed with extensive experience in finance, FinTech, and technology.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Finbud Financial Services IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Finbud Financial Services IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 6, 2025, to November 10, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹140 to ₹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 |
Finbud Financial Services IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | November 6, 2025 |
| IPO Close Date | November 10, 2025 |
| Tentative Allotment | November 11, 2025 |
| Initiation of Refunds | November 12, 2025 |
| Credit of Shares to Demat | November 12, 2025 |
| Tentative Listing Date | November 13, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, November 10, 2025 |
Finbud Financial Services 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 |
Finbud Financial Services IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 64.92% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Renowned name in the segment of phygital lending fintech space with a technology-driven retail loan aggregation model.
- • Diversified loan products that cater to the retail and SME sectors, which are lucrative growth segments in India.
- • Emphasis on sustainable and scalable fintech innovations to enhance lender relationships and customer acquisition.
- • Proven track record of improving profitability margins and revenue growth.
Finbud Financial Services IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jul 2025 | 76.12 | 85.82 | 3.33 | 39.31 | 20.48 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 68.93 | 223.50 | 8.50 | 35.98 | 18.51 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 44.97 | 190.28 | 5.66 | 11.79 | 12.43 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 27.47 | 135.57 | 1.83 | 6.13 | 7.40 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.61% |
| ROCE | 32.11% |
| Debt/Equity | 0.51 |
| RoNW | 23.61% |
| PAT Margin | 3.81% |
| EBITDA Margin | 6.57% |
| Price to Book Value | 5.53 |
| Market Capitalization | 270.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.07 | 5.24 |
| P/E (x) | 23.4 | 27.08 |
Finbud Financial IPO Objectives
The company proposes to utilize the IPO net proceeds towards the following objectives:
- • Working capital requirements (₹20.90 crore) to scale digital outreach and operations.
- • Business development and marketing activities (₹17.75 crore) to enhance customer base and brand presence.
- • Investment in wholly-owned subsidiary LTCV Credit Private Limited (₹15.00 crore) to expand lending capabilities.
- • Prepayment or repayment of outstanding borrowings (₹4.03 crore) for financial prudence.
Conclusion
Opening from November 6 to November 10, 2025, the Finbud Financial Services Ltd. SME IPO aims to capitalize on the rapidly growing Indian FinTech and digital lending ecosystem. The IPO will be listed on the NSE Emerge platform on November 13, 2025.
The company shows strong financial growth, with revenues increasing from ₹135.57 crore in FY23 to ₹223.50 crore in FY25. Priced between ₹140 and ₹142 per share, with a total issue size of ₹71.68 crore, this IPO will reduce promoter holding from approximately 65% pre-IPO to about 48% post-IPO, ensuring significant public participation while retaining promoter control.
Key strengths of Finbud Financial include a robust presence in the phygital lending space, focus on scalable FinTech innovations, and a diversified loan product portfolio. The IPO proceeds will support marketing, debt repayment, working capital, and subsidiary investments, positioning the company for accelerated growth.
Finbud Financial has strong financial indicators — ROE 23.61%, ROCE 32.11%, and a manageable debt-equity ratio of 0.51 — and is expected to achieve a market capitalization of ₹270.50 crore upon listing.
Overall, the SME IPO of Finbud Financial presents an attractive investment opportunity in the flourishing retail loan aggregation sector.
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Frequently asked Questions (FAQs )
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When does Finbud Financial's IPO open and close?
The IPO of Finbud Financial Services Ltd. opens on November 6, 2025, and closes on November 10, 2025.
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What is the total size of the IPO?
The issue size for the Finbud Financial Services Ltd. IPO is ₹71.68 crore through a fresh issue of 50.48 lakh shares.
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Where will the IPO be listed?
The IPO will be listed on the NSE Emerge platform.
-
What financial growth has the company demonstrated?
The company reported a steady revenue growth from ₹135.57 crore in FY23 to ₹223.50 crore in FY25 and improving profit margins.
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What are the primary objectives for the Finbud Financial IPO proceeds?
The primary objectives for the IPO proceeds include Working capital, subsidiary investments, marketing, debt repayment and corporate purposes.
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