IPO Schedule
1
Open
6 Nov
2
Close
10 Nov
3
Allotment
11 Nov
4
Listing
13 Nov
Finbud Financial Services Ltd IPO
Issue:₹142
List:₹157
CMP:₹112
NSELot: 1000IT - Software
LISTEDSME
Issue Price₹142
Listing₹157
Current₹112
Content
About Finbud Financial Services Ltd
Finbud Financial Services Ltd is an SME focused on providing financial services. The company likely offers a range of services tailored to this segment, such as lending, investment advisory, or insurance products.
Subscription Status
QIB
0.04x
NII
1.42x
Retail
0.34x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 4.33x | 2.37x | 0.04x |
| NII | 8.38x | 1.28x | 1.42x |
| Retail | 2.80x | 0.53x | 0.34x |
| Total | 4.43x | 1.21x | 0.48x |
Risk Factors
•Concentration risk associated with the SME segment, which can be vulnerable to economic downturns.
•Competition from larger financial institutions and other NBFCs.
•Regulatory changes affecting the financial services industry.
•Credit risk associated with lending to SMEs.
Promoters & Management
The key management team consists of Parag Agarwal, the Whole-Time Director & Chief Financial Officer, who has over 19 years of experience in investment management and financial services. Parth Pande, the Whole-Time Director, has over 19 years of expertise in digital business management. Vivek Bhatia, the Whole-Time Director, has over two decades of entrepreneurial experience. The Board also includes Independent Directors Ajay Vikram Singh and Payal Shah, and Director Kavuri Praveen. The management team is responsible for overseeing the company's operations, financial strategies, and overall growth. The Board of Directors provides guidance and oversight to ensure the company's success.