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Buy Five Star Business Finance ltd Target Rs.950 - Nirmal Bang * Five Star provides secured business loans to unbanked micro-entrepreneurs & self-employed individuals excluded by most Banks/NBFCs with ATS (avg loan ticket size) of Rs. 2.4 Lac and total AUM of Rs. 6.9k Cr. * All its loans are secured by borrowers’ property, predominantly self-occupied residential property. * ATS of < Rs. 5 Lacs is the toughest segment to crack owing to complex operational challenges such as (i) requirement of deep knowledge of local area and customer be...
Buy Five Star Business Finance ltd Target Rs.950 - Nirmal Bang
Buy Five Star Business Finance ltd Target Rs.950 - Nirmal Bang
Source: Nirmal Bang Ltd
2/07/2023 12:55:39 PM
Buy Five Star Business Finance ltd Target Rs.765 - ICICI Securities Ltd The stars are aligned! Five-Star Business Finance (Five-Star) is a direct play on the increasing formalisation of credit, especially in the small-ticket business loan segment (total lending opportunity: Rs22trn). Peers include SCUF, Aavas, Aptus, HomeFirst, Equitas, AU, Repco, Can Fin, Veritas, Vistaar, etc. Barring SCUF and Repco, key players in similar ticket-size SME loans reported >30% AUM CAGR during FY18-FY23 while Five-Star delivered an industry-leading 47% during the same period...
Buy Five Star Business Finance ltd Target Rs.765 - ICICI Securities Ltd
Buy Five Star Business Finance ltd Target Rs.765 - ICICI Securities Ltd
Source: ICICI Securities Ltd
24/06/2023 10:22:02 AM
Five Star Business Finance gains on getting nod to raise Rs 5000 crore through NCDs Five Star Business Finance is currently trading at Rs. 537.35, up by 9.15 points or 1.73% from its previous closing of Rs. 528.20 on the BSE. The scrip opened at Rs. 530.00 and has touched a high and low of Rs. 540.15 and Rs. 530.00 respectively. So far 110 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 687.25 on 07-Dec-2022 and a 52 week low of Rs. 448.20 on 21-Nov-2022. Last one week high and low of the scrip...
Five Star Business Finance gains on getting nod to raise Rs 5000 crore through NCDs
Five Star Business Finance gains on getting nod to raise Rs 5000 crore through NCDs
Source: Accord Fintech
28/02/2023 11:02:21 AM
Nomura hires top ICICI banker to head India ECM business Nomura Holdings has tapped Mahesh Natarajan to head its equity capital markets business in India, two sources with direct knowledge told Reuters on Tuesday, a top-level investment banking hire that comes when dealmaking is going through a turbulent phase. Natarajan is due to join the Japanese firm's Indian unit in the coming months, the sources said, declining to be named as the hiring decision is not public. Natarajan currently heads the equity capital markets - including initial p...
Nomura hires top ICICI banker to head India ECM business
Nomura hires top ICICI banker to head India ECM business
Source: Reuters
25/01/2023 9:19:24 AM
Five Star Business Finance lists with 5.07% discount on the BSE Five Star Business Finance has debuted at Rs 449.95 on the BSE, down by 24.05 points or 5.07% from its issue price of Rs 474. The scrip is currently trading at Rs 505.60, up by 31.60 points or 6.67% from its issue price. It has touched a high and low of Rs 509.65 and Rs 448.20 respectively. So far 2.47 lakh shares were traded on the counter. The offering, which was open for subscription between November 9, 2022 and November 11, 2022 was subscribed just 0.70 times. The issue price was fi...
Five Star Business Finance lists with 5.07% discount on the BSE
Five Star Business Finance lists with 5.07% discount on the BSE
Source: Accord Fintech
21/11/2022 11:48:18 AM
Five Star Business Finance IPO sees a successful closure Against an overall book size of Rs 1372 crs, it garnered Rs 1005.06 crs at the upper band Five Star Business Finance Limited, provides secured business loans to micro-entrepreneurs and self-employed individuals, each of whom are largely excluded by traditional financing institutions has received bids of 2,12,03,845 shares against the offered 3,04,88,966 equity shares (at the lower end of the price band), at a price band of ?450-474, according to the data available on the stock ex...
Five Star Business Finance IPO sees a successful closure
Five Star Business Finance IPO sees a successful closure
Source: PR Agency
13/11/2022 11:43:34 AM
IPO Note : Five Star Business Finance Ltd By Swastika Investmart Five Star Business Finance Ltd AVOID Incorporated in 1984, Five Star Business Finance Limited is an NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals, each of whom are largely excluded by traditional financing institutions. The company primarily offer its customers small loans for business purposes as well as loans for asset creation such as home renovation or improvement, or for meeting expenses for significant economic events such as marriag...
IPO Note : Five Star Business Finance Ltd By Swastika Investmart
IPO Note : Five Star Business Finance Ltd By Swastika Investmart
Source: Swastika Investmart Ltd
8/11/2022 4:46:19 PM