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Finbud Financial IPO
Price Band
₹140.0–142.0
Issue Size
₹71.68 Cr
Lot Size
1,000 shares
Min Investment
₹284,000
2 LOTS MIN
GMP
+₹11.0 (7.75%)
Issue Price
₹142.0
Subject to Sauda
₹8400
Paid only if allotted
Finbud Financial IPO AI Summary
- Finbud Financial IPO is listed on NSE SME in the Financial Technology (Fintech) sector.
- Price band: ₹140.0–₹142.0 per share, lot size 1,000 shares (min. investment ₹284,000, 2 lots minimum).
- Subscription window: 06 Nov–10 Nov 2025, listing on 13 Nov 2025.
- Current GMP is +₹11.0 (7.75%), an estimated listing price of ₹153 — unofficial and can change daily.
Finbud Financial Services Limited is set to launch its IPO, offering a range of loan aggregation services. With a strong digital platform and extensive agent network, the company aims to enhance its operational capacity and market presence through the funds raised from this issue.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Finbud Financial IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Nov 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Finbud Financial IPO Grey Market Premium (GMP) Today
GMP
+₹11.0
GMP %
+7.75%
Est. Listing
₹153.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in July 2012, Finbud Financial Services Limited is a loan aggregation platform in India, assisting individuals in obtaining personal, business, and home loans from banks and non-banking financial companies. Services: Offer Comparison: Finbud helps customers compare loan offers from multiple lenders. Recommend products:;Finbud advises customers on the best loan product. Documentation: Finbud helps customers with the loan documentation process. Commission: Finbud earns a commission from the lenders when a loan is disbursed. Product Offerings: Personal Loans: Unsecured loans for salaried individuals, averaging INR 10 lakhs, forming the most significant revenue source from agents. Business Loans: Unsecured loans for SMEs, averaging INR 20 lakhs, significantly contributing to overall revenue. Home Loans: Secured loans for home purchases or property mortgages for individuals and SMEs As of July 31, 2025, the company has total employed around 276 employees. Competitive Strength Extensive agent network across India. Strong digital lending platform with robust technological infrastructure. Comprehensive range of loan products. Partnerships with lending institutions. Effective use of data analytics for customer profiling and loan approval.
Company Financials (₹ Cr)
As of 2025-07-31
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 76.12 | 68.93 | 44.97 | 27.47 |
| Total Income | 85.82 | 223.50 | 190.28 | 135.57 |
| Profit After Tax | 3.33 | 8.50 | 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 | 7.40 |
Key Ratios
EPS
₹6.07
NAV
₹25.70
ROE
23.61%
ROCE
32.11%
RoNW
23.61%
P/B Value
5.53
P/E Ratio
23.4
Market Cap
₹270.50 Cr
PAT Margin
3.81%
Debt/Equity
0.51
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| PB Fintech | 140.06 | 5.49% | 236.08 | 7.77 | 7.65 |
| BLS E-Services | 53.1 | 12.18% | 32.99 | 5.79 | 5.79 |
| My Mudra Fincorp | 46.85 | 16.87% | 7.79 | 9.96 | 9.96 |
| Finbud Financial Services This IPO | 25.7 | 23.61% | — | 6.07 | 6.07 |
Promoters
Parth Pande, Vivek Bhatia and Parag Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirement 20.90 2 Investment In Wholly Owned Subsidiary i.e. LTCV Credit Pvt.Ltd. 15.00 3 Funding for business development and marketing activities 17.75 4 Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company 4.03 5 General Corporate Purposes 9.54 6 Issue Expenses 4.46 Total 71.68
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹135.57 Cr in the year ending 31 Mar 2023, rising to ₹190.28 Cr by 31 Mar 2024, and further increasing to ₹223.50 Cr by 31 Mar 2025. However, the most recent figure of ₹85.82 Cr as of 31 Jul 2025 is for a 9-month period and is not directly comparable to the full-year figures.
Profit Trend
Profit After Tax was ₹1.83 Cr in the year ending 31 Mar 2023, increasing to ₹5.66 Cr by 31 Mar 2024, and further rising to ₹8.50 Cr by 31 Mar 2025. The latest figure of ₹3.33 Cr as of 31 Jul 2025 is for a 9-month period, which is not directly comparable to the prior full year.
Valuation
At the issue price of ₹142.0, Finbud's implied P/E ratio is approximately 23.4, compared to peers trading at P/E ratios ranging from 7.79 to 236.08.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares in the grey market, which operates outside the regulated stock exchanges. A positive GMP indicates that the market expects the shares to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies with predictable earnings might consider avoiding this IPO, as it operates in a competitive and evolving sector.
IPO Timeline, Explained
The IPO opens for subscription on 6th November 2025 and closes on 10th November 2025. Allotment of shares will be done on 11th November 2025, with the listing date set for 13th November 2025.
Listing Gains — The Risk
Listing gains refer to the profit made by investors when shares are sold on the listing day at a price higher than the issue price. However, such gains are not guaranteed and depend on market conditions, investor sentiment, and the company's performance post-IPO. Investors should be aware of the risks involved in relying on listing gains as a strategy.
This evaluation is generated from Finbud Financial's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Finbud Financial IPO GMP today?
Finbud Financial IPO GMP today is +₹11.0 (7.75%), indicating an estimated listing price of ₹153. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Finbud Financial IPO?
The price band of Finbud Financial IPO is ₹140.0–₹142.0 per share.
When does Finbud Financial IPO open and close?
Finbud Financial IPO opens on 06 November 2025 and closes on 10 November 2025.
When does Finbud Financial IPO list on the stock exchange?
Finbud Financial IPO listed on 13 November 2025 at ₹153.0.
What is the lot size for Finbud Financial IPO?
The lot size for Finbud Financial IPO is 1000 shares, requiring a minimum investment of ₹284,000 (2 lots).
What is the lot size for this IPO?
The lot size for Finbud Financial's IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹284,000.
What is the price band for the IPO?
The price band for the IPO is ₹140.0 to ₹142.0.
When does the IPO open and close?
The IPO opens on 6th November 2025 and closes on 10th November 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Nov 2025
Close
10 Nov 2025
Allotment
11 Nov 2025
Listing
13 Nov 2025
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