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
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
