The Fincare Small Finance Bank Ltd date will be updated soon .
Fincare Small Finance Bank has filed a prospectus for a Rs 1330 crore initial public offering (IPO), with Rs 330 crore in new stock and Rs 1,000 crore in offer for sale equity. Fincare SFB serves India’s unbanked and underbanked populations in rural areas.
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Bidding Dates
Coming Soon
Price Range
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Face Value
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GMP
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Fincare Small Finance Bank Ltd GMP
The Fincare Small Finance Bank Ltd IPO GMP is ₹[].
IPO Overview
Fincare Small Finance Bank said it plans to raise its Tier-I capital base with the net proceeds of the new Issue to satisfy its bank’s future capital needs. Fincare Business Services Limited may offer up to 1.49 crore equity shares, Wagner may offer up to 4.7 lakh equity shares, True North Fund V LLP may offer up to 4.4 lakh equity shares, Indium IV (Mauritius) Holdings Limited may offer up to 4.3 lakh equity shares. Omega TC Holdings PTE may offer up to 2.3 lakh equity shares in the equity share offering.
Fincare Small Finance Bank IPO Financials
| Particulars | FY 2021 | FY 2020 | FY 2019 |
| 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 |
Fincare Small Finance Bank Peer Comparison
| Company Name | Total Income (in Rs million) | P/E | EPS |
| Fincare Small Finance Bank Ltd. | 12,157.20 | NA | 24.43 |
| Peer Group | |||
| AU Small Finance Bank Ltd. | 49,919.76 | 41.35 | 22.78 |
| Bandhan Bank Limited | 30,237.37 | 16.58 | 18.78 |
| CreditAccess Grameen Ltd. | 17,054.80 | 25.89 | 23.20 |
| Equitas Small Finance Bank Ltd. | 29,277.96 | 24.27 | 2.39 |
| Ujjivan Small Finance Bank | 30,258.10 | 13.56 | 2.19 |
| Spandana Sphoorty Financial Ltd | 14,695.06 | 10.61 | 56.21 |
| Suryoday Small Finance Bank Ltd. | 8,541.38 | 18.39 | 13.38 |
Fincare Small Finance Bank Ltd Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2021 | ₹1568 | ₹1420 | ₹106.20 |
| 2022 | ₹2024 | ₹1906 | ₹82.66 |
| 2023 | ₹2566 | ₹2391 | ₹122.95 |
| 2024 3M | ₹658 | ₹612 | ₹34.83 |
Company Profile
The small financing bank primarily serves rural India’s unbanked and underbanked populations. According to a CRISIL assessment, Fincare SBF had the highest growth rate in advances among peers between 2017 and 2020. Fincare offers banking services and access to savings and other financial products to individuals, MSMEs, and other unorganized companies. Marquee investors back the bank and promoters, including True North Fund VLLP, Wagner Limited, Tata Opportunities Fund, LeapFrog Investments, SIDBI, Kotak Mahindra Life Insurance, and Edelweiss Tokio Life Insurance.
Fincare Small Finance Bank Ltd is a ‘digital-first’ SFB emphasising underserved and unbanked customer categories, particularly in rural and semi-urban areas.
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
