Finbud Financial SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 13 Nov 2025 | ₹11 | +7.75% | ₹8,400 | ₹153 | ₹11,000 |
| 12 Nov 2025 | ₹11 | +7.75% | ₹8,400 | ₹153 | ₹11,000 |
| 11 Nov 2025 | ₹0 | 0.00% | ₹0 | ₹142 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 13 Nov 2025
- Face value
- ₹10 per share
- Issue price
- ₹142 per share
- Lot size
- 1,000 shares
- Total issue size
- ₹71.68 Cr
- Market cap at offer price
- ₹271 Cr
- Promoter holding
- 64.92% → 47.72% pre-issue → post-issue
- ISIN
- INE0EDU01014
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- SKI Capital Services Ltd.
- Registered office
- No.10, 1st Floor, 6th Main, 9th Cross, Jeevan Bhima Nagar, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 14,37,000 | — | — |
| Market maker | 2,53,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹142
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,42,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (max) | 7 | 7,000 | ₹9,94,000 |
| B-HNI (min) | 8 | 8,000 | ₹11,36,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹142 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.07 | 5.24 |
| P/E (×) | 23.39 | 27.10 |
| Price to book (×) | 5.53 | — |
| Market cap | — | ₹271 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 23.61%
- ROCE
- 32.11%
- Debt / equity
- 0.51
- PAT margin
- 3.81%
- EBITDA margin
- 6.57%
- NAV per share
- ₹25.7
- Price to book
- 5.53
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Finbud Financial SME
Finbud Financial Services Limited (Finance Buddha) is a retail loan aggregation platform founded in 2012 that operates across India. The company acts as an intermediary between borrowers and lenders (banks and NBFCs), offering personal loans, business loans, home loans, and credit lines. It operates through a hybrid model combining agent-led distribution (85.46% of FY25 revenue) and digital channels (14.54% of FY25 revenue). The company matches borrowers with suitable lenders using proprietary matchmaking capabilities and processes customer data through its proprietary technology platform. For FY25, the company generated ₹22,264.13 lakhs in standalone revenue with a profit after tax of ₹848.12 lakhs. The company's three promoters—Vivek Bhatia, Parag Agarwal, and Parth Pande—collectively hold 64.92% of pre-issue paid-up capital.
Company Analysis
from DRHPFinbud Financial Services is a hybrid retail loan aggregation platform that connects borrowers with lenders through both agent-led and digital channels, earning commission-based revenue from successful loan disbursements.
Finbud Financial Services Limited (Finance Buddha) is a retail loan aggregation platform founded in 2012 that operates across India. The company acts as an intermediary between borrowers and lenders (banks and NBFCs), offering personal loans, business loans, home loans, and credit lines. It operates through a hybrid model combining agent-led distribution (85.46% of FY25 revenue) and digital channels (14.54% of FY25 revenue). The company matches borrowers with suitable lenders using proprietary matchmaking capabilities and processes customer data through its proprietary technology platform. For FY25, the company generated ₹22,264.13 lakhs in standalone revenue with a profit after tax of ₹848.12 lakhs. The company's three promoters—Vivek Bhatia, Parag Agarwal, and Parth Pande—collectively hold 64.92% of pre-issue paid-up capital.
Objects of the Issue
- Working Capital Requirement ₹1,800.00 lakhs p.17
- Investment In Wholly Owned Subsidiary i.e. LTCV Credit Private Limited ₹1,300.00 lakhs p.17
- Funding for Business Development and Marketing Activities ₹1,675.00 lakhs p.17
- Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company ₹650.00 lakhs p.17
- General corporate purposes [●] p.17
Issue Structure
- Total Issue
- Up to ₹[●] Lakhs
- Fresh Issue
- Up to 50,48,000 Equity Shares of face value of ₹10/- each aggregating up to ₹[●] Lakhs
- Offer for Sale
- Nil - No offer for sale by selling shareholders
- Price Band
- [●] to [●] per equity share (to be finalized)
- Lot Size
- [●] Equity Shares (minimum bid lot to be finalized)
- Face Value
- ₹10/- per Equity Share
Business Model
Commission-based revenue model: The company earns commissions from lending partners (banks and NBFCs) for each successful loan disbursement. The company does not take credit risk as loan approval/rejection decisions rest with the lenders. Customers receive free services for loan discovery, comparison, and documentation support till disbursement.
Business Segments
SWOT Analysis
- • Hybrid business model combining agent and digital channels(p.133)
- • Diversified product portfolio across loan types(p.17)
- • High dependency on Agent channel revenue(p.27)
- • Concentration risk from few key lenders(p.27)
- • Expansion of digital lending channel(p.93)
- • Regulatory changes affecting NBFCs and lending(p.96)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Parth Pande | Promoter | 21.44% | — |
| Vivek Bhatia | Promoter | 22.04% | — |
| Parag Agarwal | Promoter | 21.45% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.