Finbud Financial SME: Check IPO Date, Live Subscription and Key Details
Finbud Financial Services Ltd., operating under the brand 'Finance Buddha', is a leading hybrid retail loan aggregation platform established in 2012. It connects borrowers with banks and NBFCs for a comprehensive range of loan products, including personal loans (74.52% of revenue in FY25), business loans, and home loans. The company operates on a hybrid model, combining an extensive agent network (85.46% of standalone revenue in FY25) with a strong digital channel for efficient customer acquisition and disbursement. Finance Buddha earns commission from lenders upon loan disbursement and does not take any credit risk. The company is leveraging data analytics for effective customer profiling and cross-selling opportunities.
Price Range
₹140.0 - ₹142.0
Issue Size
₹68.09 Crore
Lot Size
1,000 shares
IPO Type
NSE SME
GMP
₹11(+7.75%)
Est. Listing Price
₹153
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
5.24
P/E Ratio
27.08
RoNW
23.61%
ROE
23.61%
Debt to Equity
0.51
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Timeline
IPO Opens
6 Nov
IPO Closes
10 Nov
Allotment
11 Nov
Listing
13 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 6 November 2025 | Subscription starts |
| IPO Close Date | 10 November 2025 | Subscription ends |
| Allotment Date | 11 November 2025 | Allotment |
| Listing Date | 13 November 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,84,000 |
SHNI (Min) | 3 | ₹4,26,000 |
SHNI (Max) | 7 | ₹9,94,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,36,000 |
IPO Objectives
- Working Capital Requirement (₹20.90 Cr).
- Investment In Wholly Owned Subsidiary i.e. LTCV Credit Private Limited (₹15.00 Cr).
- Funding for Business Development and Marketing Activities (₹17.75 Cr).
- Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company (₹4.03 Cr).
- General Corporate Purposes.
Strengths
- The company uses a Hybrid Business Model combining an extensive agent network with a strong digital platform to balance conversion, growth, and profitability.
- It offers a comprehensive range of loan products (personal, business, and home loans), reducing revenue concentration risk.
- The business maintains partnerships with numerous lending institutions (banks and NBFCs), providing customers with a wide array of loan offers.
- It makes effective use of data analytics for customer profiling, loan approval guidance, and cross-selling opportunities.
- The company shows strong financial growth, with revenue up 17% and profit after tax (PAT) rising by 50% between FY24 and FY25.
Weaknesses
- There is Concentration Risk in Personal Loans, which accounted for 74.52% of revenue in FY25, making the company susceptible to the unsecured lending segment's specific risks.
- The business is Working Capital Intensive, with a large portion of the fresh issue allocated to working capital, suggesting a potentially stretched cash cycle.
- It faces a Highly Competitive Landscape from both pure-play digital loan aggregators and traditional offline loan agents.
- The company's revenue is directly reliant on commissions from the loan disbursement volumes of partner lenders, which it does not control.
- The business is highly dependent on its ability to maintain its extensive agent network, which is prone to attrition.
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Financial Performance
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 76.12 | 68.93 | 44.97 | 27.47 |
| Revenue (₹ Cr.) | 85.82 | 223.5 | 190.28 | 135.57 |
| PAT (₹ Cr.) | 3.33 | 8.5 | 5.66 | 1.83 |
| Net Worth (₹ Cr.) | 39.31 | 35.98 | 11.79 | 6.13 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Finbud Financial Services | 5.53 | 27.08 | 23.61% | 39.31 |
| My Mudra Fincorp | 1.91 | 11.31 | 16.87% | 53.41 |
| BLS E-Services | 3.86 | 29.24 | 10.89% | 518 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.04x | 2.37x | 4.33x |
| NII | 1.42x | 1.28x | 8.38x |
| S-HNI | 0.93x | 1.08x | 3.87x |
| B-HNI | 1.66x | 1.37x | 10.63x |
| RII | 0.34x | 0.53x | 2.8x |
| Total | 0.48x | 1.21x | 4.43x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 9,58,000 | 41,46,000 | 58.87 |
| NII | 7,20,000 | 60,31,000 | 85.64 |
| Small NII | 2,40,000 | 9,29,000 | 13.19 |
| Big NII | 4,80,000 | 51,02,000 | 72.45 |
| RII | 16,80,000 | 47,00,000 | 66.74 |
| Total | 33,58,000 | 1,48,77,000 | 211.25 |
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Company Details
- Finbud Financial Services Ltd.
- No.10, 1st Floor, 6th Main, 9th Cross, Jeevan Bhima Nagar, Bangalore Urban, Karnataka-560075
- +91 98862 32323
- cs@financebuddha.com
- https://www.financebuddha.com/
Registrar Details
- Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php