Fincare Small Finance Bank is a "digital-first" SFB with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas. According to CRISIL, among comparable SFB peers in India, Fincare had the highest growth rate in advances over FY2018 to FY2020. The company follows a business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs.
The issue consists of a fresh issue worth Rs.330 crore and an offer for sale of equity shares worth around Rs.1,000 crore. They are also considering a pre-IPO placement of Rs.200 crore, which will be decreased from the amount of fresh issue.
The main objective of the offer is to use the net proceeds for the augmentation of the bank’s Tier 1 capital base in order to meet their future capital requirements.
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 |
| 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 |
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Here are our top reasons:
| Strengths | Risks | ||
|---|---|---|---|
| Strong commitment to financial inclusion with extensive rural franchise and expanding urban presence | Inability to effectively manage the growth associated with expansion, financial, accounting, administrative and technology infrastructure could adversely impact the business. | ||
| Multi-channel, low cost distribution network with diversified geographic presence | Significant dependence on micro-loan business can lead to increased levels of non-performing loans. | ||
| Robust risk management policies, leading to healthy asset quality | Significant portion of the loan portfolio was originated in rural areas, exposing the company to risks associated with rural economies. | ||
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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.
A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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