Finbud Financial Ltd is launching an IPO worth ₹71.68 crore, which is a book-built issue comprising a fresh issue of 50 lakh equity shares. The IPO will open for subscription on November 6, 2025, and close on November 10, 2025. The basis of allotment is expected on November 11, and the company’s shares are likely to list on the NSE SME platform on November 13, 2025.
The price band for the IPO is fixed between ₹140 and ₹142 per share. Retail investors can apply for a minimum of 2 lots (2,000 shares), requiring an investment of ₹2,84,000 at the upper price band. HNI investors need to apply for at least 3 lots (3,000 shares), amounting to ₹4,26,000.
SKI Capital Services Ltd is serving as both the book-running lead manager and market maker for the issue, while Skyline Financial Services Pvt. Ltd is the registrar. The IPO aims to fund the company’s growth initiatives and strengthen its capital base ahead of its SME listing.
Finbud Financial Services IPO Objectives
- To meet the company’s working capital requirements and support day-to-day operations.
- To invest ₹1,500 lakh in its wholly owned subsidiary, LTCV Credit Private Limited, to strengthen business expansion.
- To fund business development, marketing activities, and repayment of certain borrowings, along with general corporate purposes.
About Finbud Financial Services
Founded in 2012 in Bangalore, Finance Buddha is a leading retail loan aggregation platform that connects borrowers with banks and NBFCs for personal, business, and home loans. Promoted by Vivek Bhatia, Parag Agarwal, and Parth Pande, the company has grown into a pan-India player, offering customized loan solutions through a wide network of lending partners.
Finance Buddha operates through a hybrid business model by combining Agent (conventional) and Digital (online) channels. For the period ended March 31, 2025, revenue from the Agent Channel stood at ₹19,026.08 lakh (85.46%), while the Digital Channel contributed ₹3,238.05 lakh (14.54%). The company’s personal loan segment forms the bulk of its business, contributing ₹16,590.50 lakh (74.52%) in FY25, followed by business loans (₹4,633.92 lakh, 20.81%) and home loans (₹657.38 lakh, 2.95%).
Finance Buddha earns commissions from lenders post-loan disbursement, with no credit risk exposure. Its unique mix of agent-driven reach and digital efficiency enables higher conversion rates, lower acquisition costs, and steady profitability, positioning it as a differentiated player in India’s loan distribution space.
Industry Outlook
- The digital lending market, growing at a 39.5% CAGR, is projected to exceed US$ 720 billion by 2030, accounting for nearly 55% of India’s total US$ 1.3 trillion lending opportunity.
- With 100% rural bank accounts now opened digitally and UPI transactions crossing 10 billion per month in 2023, digital banking and fintech adoption are set to drive the next phase of financial sector growth.
- Government initiatives like Jan Dhan Yojana (52.3 crore accounts), Digital Banking Units, and RBI’s push for CBDC and UPI Lite are strengthening financial inclusion. Continuous M&A activity and rising foreign and domestic investments are further boosting growth and innovation in India’s banking and fintech ecosystem.
How To Apply for the Finbud Financial Services IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Finbud Financial Services Ltd. IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Finbud Financial Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Finbud Financial Services IPO
Registered office: Finbud Financial Services Ltd., No.10, 1st Floor, 6th Main, 9th Cross, Jeevan Bhima Nagar, Bangalore Urban, Karnataka – 560075.
Phone: +91 98862 32323
Email: cs@financebuddha.com
Finbud Financial Services IPO Reservation
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Issue |
| Retail Investors | Not less than 35% of the Net Issue |
| NII (Non-Institutional Investors) | Not less than 15% of the Net Issue |
Finbud Financial Services Ltd. IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual Investors (Retail) (Min) | 2 | 2,000 | ₹2,84,000 |
| Individual Investors (Retail) (Max) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,26,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,36,000 |
Finbud Financial Services Ltd. IPO Promoter Holding
The promoters of the company are Vivek Bhatia, Parth Pande, and Parag Agarwal.
| Description | Percentage Holding |
| Promoter Holding (Pre-Issue) | 64.92% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Finbud Financial Services
| KPI | Value |
| ROE | 23.61% |
| ROCE | 32.11% |
| PAT Margin | 3.81% |
| EBITDA Margin | 6.57% |
| Debt-to-Equity Ratio | 0.51 |
Finbud Financial Services Ltd. IPO Prospectus
Finbud Financial Services Ltd. IPO Registrar and Lead Managers
Finbud Financial Services Ltd. IPO Lead Managers
SKI Capital Services Ltd.
Registrar for Finbud Financial Services Ltd. IPO
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Financial Performance of Finbud Financial Services
| Key Performance Indicator | July 31, 2025 | Mar 31, 2025 | Mar 31, 2024 |
| Revenue from Operations (₹ Lakhs) | 8,576.37 | 22,328.28 | 19,023.97 |
| Digital Channel Share (%) | 13.83% | 14.54% | 13.97% |
| Agent Channel Share (%) | 86.17% | 85.46% | 86.03% |
| Top 5 Lenders Contribution (%) | 50.57% | 48.51% | 48.90% |
| NBFC Share (%) | 54.08% | 53.68% | 53.25% |
Finbud Financial Services Peer Comparison
| Company | PAT (₹ Lakhs) | PAT Margin (%) | EBITDA Margin (%) | ROE (%) |
| Finbud Financial Services Ltd | 849.68 | 3.81 | 6.57 | 23.61 |
| My Mudra Fincorp Ltd | 901.02 | 11.21 | 16.83 | 16.87 |
| PB Fintech Ltd | 35,316.00 | 7.10 | 2.71 | 5.49 |
| BLS E-Services Ltd | 5,881.20 | 11.32 | 11.64 | 12.18 |
Strengths and Opportunities for Finbud Financial Services IPO
- Extensive agent network providing wide geographical coverage and customer access nationwide.
- Robust digital lending platform supported by advanced technology and seamless user interface.
- Strong partnerships with leading banks and NBFCs enhancing loan product diversity.
- Comprehensive range of loan offerings including personal, business, and home loans.
- Efficient hybrid model combining agent-led and digital channels for balanced growth.
Risks and Threats for Finbud Financial Services IPO
- Heavy reliance on agent network for majority of customer acquisition efforts.
- Lower profit margins compared to peers due to commission-based business model.
- Intense competition from fintech startups and traditional financial institutions.
- High operational costs in managing hybrid (online-offline) lending processes.
- Vulnerability to changes in financial regulations affecting lending operations.
