Five Star Business Finance IPO listing: The name of Five Star Business Finance Company may be Five Star but its subscription was very weak. Its issue was subscribed only 70%. Therefore its listing was also weak today. However, after this the shares took off that even in the weak market it gave profit to the IPO investors. Shares of Five Star Business Finance are listed at Rs 449.95 on BSE with a discount of 5.07 per cent. On the other hand, the shares of Five Star Business Finance have been listed on NSE at Rs 468.80 (Five Star Business Finance Share Price) with 1.10 per cent discount. The issue price of the company's IPO was Rs 474. After listing, its shares reached a premium of around 8 per cent. Today there is a weakness of half a percent in the Sensex.

The issue of Five Star Business Finance was not fully filled

The issue of Five Star Business Finance was subscribed only 70%. Qualified institutional buyers bid only 1.77 times. While the share of non-institutional buyers was able to fill only 61%. At the same time, only 11% of the reserve portion for retail investors could be filled. A price band of Rs 450-474 was fixed for its Rs 1593 crore IPO and the issue was open for subscription between November 9-11. This issue of Five Star Business Finance was completely an offer for sale, that is, under this the company has not issued any new shares.

What is the business of the company?

Five Star Business Finance was established in the year 1984. This company gives business loans. As of June 2022, it has 311 branches in eight states and one union territory, as of June 2022. In the financial year 2021-22, its total income increased by 19.49 percent on an annual basis to Rs 1,256.16 crore. At the same time, the net profit of the company increased from Rs 358.99 crore to Rs 453.54 crore.