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Nov 21, 2022, 10.30 AM

Five Star Business Finance lists at 5% discount

ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers to the issue.

The stock was listed at a 5% discount as against its issue price of Rs 474.

Shares of Five Star Business Finance, made a stock market debut today.

The stock was listed at a 5% discount as against its issue price of Rs 474.

Five Star Business Finance Ltd raised Rs 588 crore from foreign investors ahead of IPO. Overall it saw a subscription of 73% and at its upper price band including the anchor demand they have garnered Rs 1593.06 crore.

The offer was an Offer for Sale aggregating to Rs. 1960 crore by the company's promoters and existing shareholders.

ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers to the issue.

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