Finbud Financial Services
November 6, 2025 – November 10, 2025
| Price | ₹140 - ₹142 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1000 |
| Issue size | - |
| Allotment | Nov 11, 2025 |
| Listing | Nov 13, 2025 |
Finbud Financial Services Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2000 | 284000 | 0 |
| sHNI | 3 | 3000 | 426000 | 0 |
| bHNI | 8 | 8000 | 1136000 | 0 |
Finbud Financial Services Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
Finbud Financial Services About
Finbud Financial IPO Details
| Total Issue Size | 50,48,000 shares (aggregating up to ₹71.68 Cr) |
| Fresh Issue Size | 50,48,000 shares (aggregating up to ₹71.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Face Value | ₹10/- Per Share |
| Share Holding Pre Issue | 1,40,01,480 shares |
| Share Holding Post Issue | 1,90,49,480 shares |
| Reserved For Market Maker | 2,53,000 shares (aggregating up to ₹3.59 cr) |
| Market Maker | SKI Capital Services Ltd |
Key Performance Indicator
| KPI | Jul-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 8.47% | 23.61% | 47.99% |
| ROCE | 12.19% | 32.11% | 49.85% |
| EPS (basic) | 2.38 | 6.07 | 4.04 |
Financial details (In ₹Crores)
| Period Ended | Jul-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 76.12 | 68.93 | 44.97 | 27.47 |
| Total Income | 85.82 | 223.5 | 190.28 | 135.57 |
| Profit After Tax | 3.33 | 8.5 | 5.66 | 1.83 |
| EBITDA | 5.87 | 14.66 | 10.59 | 4.23 |
| NET Worth | 39.31 | 35.98 | 11.79 | 6.13 |
| Reserves and Surplus | 25.31 | 21.98 | 11.77 | 6.12 |
| Total Borrowing | 20.48 | 18.51 | 12.43 | 7.4 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Finbud Financial Services Limited | 23.4 | - | 10.00 |
| My Mudra Fincorp Limited | 7.79 | 77.6 | 10.00 |
| BLS E-Services Limited | 32.99 | 191 | 10.00 |
| PB Fintech Limited | 236.08 | 1806 | 2.00 |
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Finbud Financial Services Limited | 25.7 | 23.61 | 6.07 |
| My Mudra Fincorp Limited | 46.85 | 16.87 | 9.96 |
| BLS E-Services Limited | 53.1 | 12.18 | 5.79 |
| PB Fintech Limited | 140.06 | 5.49 | 7.65 |
Company Overview
Business Nature: Loan aggregation platform assisting individuals in obtaining personal, business, and home loans from banks and NBFCs.
Core Services: Loan offer comparison, product recommendation, and assistance with documentation.
Revenue Model: Earns commission from lenders upon successful loan disbursement.
Employee Strength: Around 276 employees as of July 31, 2025.
Product Portfolio:
Personal Loans: Unsecured loans for salaried individuals, averaging ₹10 lakh, forming the largest revenue segment.
Business Loans: Unsecured loans for SMEs, averaging ₹20 lakh, a key contributor to overall revenue.
Home Loans: Secured loans for home purchases or property mortgages for individuals and SMEs.
IPO Objectives (Highlights):
₹20.90 crore – To meet working capital requirements.
₹15.00 crore – For investment in wholly owned subsidiary LTCV Credit Private Limited.
₹17.75 crore – To fund business development and marketing initiatives aimed at expanding reach and brand visibility.
₹4.03 crore – For prepayment or repayment of certain outstanding borrowings.
Balance funds – For general corporate purposes.
Strength
Extensive Agent Network: Finbud has built a strong pan-India network of agents who drive the majority of its loan origination. This physical presence complements its digital model and helps the company reach semi-urban and rural borrowers effectively.
Technology-Driven Platform: The company operates a robust digital lending platform equipped with analytics-based profiling, automated loan matching, and real-time approval systems, ensuring speed, accuracy, and customer satisfaction.
Diverse Lending Partnerships: Strong tie-ups with multiple banks and NBFCs provide customers with a wide range of loan options, improving approval rates and reducing dependency on any single financial institution.
Weakness
High Dependence on Agent Channel: A significant portion of revenue is generated through agents. Any regulatory change, attrition, or disruption in the agent channel could materially affect loan disbursals and financial performance.
Cybersecurity and Data Risks: The company currently lacks dedicated cyber insurance coverage. In the event of a cyberattack or data breach, Finbud could face severe financial losses, legal liabilities, and reputational damage.
Dependence on Lending Partners: The company’s success heavily relies on maintaining strong relationships with banks and NBFCs. Any breakdown, non-renewal, or non-compliance with contractual obligations could impact product distribution, cash flow, and growth prospects.
Finbud Financial Services Lead Manager(s)
Finbud Financial Services Address
No.10, 1st Floor, 6th Main,
9th Cross
Jeevan Bhima Nagar
Bangalore Urban, Karnataka, 560075
Phone: +91 98862 32323
Email: cs@financebuddha.com
Website: https://www.financebuddha.com/
Finbud Financial Services Registrar
Finbud Financial Services Reviewers
| Reviewer | Recommendation | File |
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