The upcoming Fincare Small Finance Bank Ltd.'s IPO is an opportunity for both the bank and its potential investors. The bank's initiative aims to bridge the gap between financial services and the unbanked segments of the Indian populace, presenting a notable investment prospect. Let’s explore the IPO and its details to help investors make the most of it.
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
Listing at NSE, BSE
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
Checkout the List of Upcoming IPO
Fincare Small Finance Bank Ltd. stands at the forefront of addressing the banking needs of India's rural heartlands. Focusing on the unbanked and underbanked populations, Fincare SBF has carved a niche in providing accessible banking solutions. Its roots can be traced back to over a decade of service, with a dedicated approach to facilitating savings, credit, and insurance products to individuals and MSMEs.
With its ambitious Rs. 1330 crore IPO, comprising Rs. 330 crore in fresh equities and Rs. 1,000 crore in offer for sale, this small finance bank is gearing up to extend its footprint and augment its capital base significantly.
Fincare's growth trajectory has been commendable, with a solid performance over the past financial years. The table below delineates its financial prowess:
| Particulars | FY21 (INR Crores) | FY20 (INR Crores) | FY19 (INR Crores) |
|---|---|---|---|
| EBITDA | 1,471.10 | 2,196.29 | 1,224.95 |
| Profit After Tax | 1,434.49 | 1,019.80 | 975.5 |
| Return on Equity | 18.41% | 22.00% | 24.76% |
These numbers reflect the bank's robust financial health and capacity to generate worthy returns on equity.
Here are some of the strengths and weaknesses that one must consider before investing in Fincare Small Finance Bank IPO.
| Strengths | Weaknesses | ||
|---|---|---|---|
| Customer-centric approach with affordable financial products. | Intense industry competition could pose challenges. | ||
| An inclusive product suite targeting the entire lifecycle of rural customers. | Expansion may strain the bank’s ability to maintain its growth rate, impacting future cash flow. | ||
| Proven track record in servicing rural customers, especially microloan borrowers. | Investments bear risks associated with the micro-lending business. | ||
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Retail investors need to apply for the IPO using UPI
Fill up your personal details in the form above
Fill up your DOB, PAN, email & bank account details
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The price band for the IPO will be announced soon, offering potential investors a chance to partake in the bank's growth story.
The bank is set to bring a Rs. 1330 crore IPO.
Details regarding the minimum lot size for the IPO will be disclosed soon.
The minimum investment required will be determined based on the IPO's price band and the minimum lot size.
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