IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

Fincare SBF has filed a prospectus for a Rs 1330 crore IPO constraining Rs 330 crore in fresh equities and Rs 1,000 crore in offer for sale equity. Fincare SBF caters to the unbanked and underbanked populations in rural areas of India.

The small finance bank primarily caters to the unbanked and underbanked categories in Indian rural areas. According to a CRISIL report, Fincare SBF had the highest growth rate among peers between 2017 and 2020 in advances. 

Fincare provides banking services and access to savings and other financial products to individuals, MSMEs and other unorganised entities.

Fincare Small Finance Bank Ltd.Objective 

  • The bank proposes to use the net proceeds from selling new shares to augment its capital base in tier-1 cities and to meet future capital requirements. 

Why should you invest in the Fincare Small Finance Bank Ltd.IPO?

Here are our top reasons.

  • The bank and promoters are backed by marquee investors, including True North Fund VLLP, Wagner Limited, Tata Opportunities Fund, LeapFrog Investments, SIDBI, Kotak Mahindra Life Insurance and Edelweiss Tokio Life Insurance.
  • The bank has a proven fourteen-year record of providing savings and other financial products to rural Indian customers.
  • They have an extensive network of 528 banking outlets, 219 business correspondent outlets, and 108 ATMs that covers sixteen states and three union territories. 

IPO Financials

Particulars FY21 FY20 FY19
Revenue From Operation NA NA NA
EBITDA 1,471.10 2,196.29 1,224.95
EBITDA Margin (%) NA NA NA
Profit After Tax 1,434.49 1,019.80 975.50
EPS NA NA NA
ROE 18.41 22.00 24.76

Know before investing

Strengths

3

  1. The brand’s strength is a customer-centric approach that provides businesses and individuals with affordable financial products and services to meet their needs.

  2. The bank offers an inclusive product suite that offers financial products covering the entire lifecycle of rural customers.

  3. They have a long track record of serving rural customers, especially microloan borrowers.

Risks

3

  1. Industry competition can concern prospective investors primarily because the company operates in a restrictive area.

  2. Challenges in maintaining the growth rate associated with expansion will impact the bank’s future cash flow.

  3. Invest if you know the unique risks associated with the micro-lending business.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Peer Comparison

Company Name Total Income (in Rs million) P/E EPS
Fincare Small Finance Bank Ltd. 12,157.20 NA 24.43
Peer Group      
AU Small Finance Bank Ltd. 49,919.76 41.35 22.78
Bandhan Bank Limited 30,237.37 16.58 18.78
CreditAccess Grameen Ltd. 17,054.80 25.89 23.20
Equitas Small Finance Bank Ltd. 29,277.96 24.27 2.39
Ujjivan Small Finance Bank 30,258.10 13.56 2.19
Spandana Sphoorty Financial Ltd 14,695.06 10.61 56.21
Suryoday Small Finance Bank Ltd. 8,541.38 18.39 13.38

Fincare Small Finance Bank Ltd. IPO FAQs

What is Fincare Small Finance Bank Ltd. IPO?

Fincare Small Finance Bank Ltd. has filed for a Rs 1330 crore IPO consisting of new shares worth Rs 330 crore and an offer for sale of Rs 1000 crore equity shares.

When will Fincare Small Finance Bank Ltd. IPO allotment be available?

Details not available.

What will be Fincare Small Finance Bank Ltd. IPO lot size?

Details not available.

When will Fincare Small Finance Bank Ltd. IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Fincare Small Finance Bank Ltd. list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Fincare Small Finance Bank Ltd. IPO?

Angel One customers can log in to their accounts to check Fincare Small Finance Bank Ltd. IPO allotment status.

When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on Fincare Small Finance Bank Ltd. IPO?

Listing gain is the difference between the IPO’s opening and offer prices.

The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Fincare Small Finance Bank Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for Fincare Small Finance Bank Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Fincare Small Finance Bank Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Fincare Small Finance Bank Ltd. IPO?

The minimum size of the application will be one lot.