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In the last one year alone, we’ve seen around 5 different small finance banks apply for an IPO with the SEBI. Buoyed by the successes of the new IPOs of these banks, Fincare Small Finance Bank has also decided to join the elite league of listed small finance banks. Continue reading to get more Fincare Small Finance Bank IPO details.
About the company
Incorporated in 1995 in the state of Gujarat, Fincare Small Finance Bank has been in the microlending business for more than a quarter of a century now. Thanks to a digital-first approach, the bank was able to achieve the highest growth rate in advances over FY2018 to FY2020 amongst its SFB peers.
The company also enjoyed the status of having the best adjusted Return on Assets (ROA) and Return on Equity (ROE) ratios among the SFBs in India in FY2020. The company’s primary focus is financial inclusion with an aim to cover rural areas with affordable products and services.
- Fincare Small Finance Bank IPO details
Here are some of the most important details of the latest Upcoming IPO 2023, which includes Fincare Small Finance Bank IPO date and Fincare Small Finance Bank IPO share price details as well.
- Fincare Small Finance Bank IPO date
The company has just filed a Draft Red Herring Prospectus (DRHP) with the SEBI in connection with the upcoming IPO. And so, details such as the IPO opening and closing dates haven’t been notified as of yet.
- Fincare Small Finance Bank IPO issue size
The total issue size of the new IPO from Fincare Small Finance Bank would be around Rs. 1,330 crores. Out of this, the fresh issue component accounts for around Rs. 330 crores, whereas the remaining Rs. 1,000 crores would go towards the Offer for Sale (OFS) from the promoters of the company.
- Fincare Small Finance Bank IPO share price
The share price of the upcoming IPO from the Small Finance Bank has not been notified as of yet. More information regarding the same might come to light as the company moves closer to the filing of the final Red Herring Prospectus (RHP) with SEBI.
- Fincare Small Finance Bank IPO listing
As with the other SFBs in India, the latest IPO of Fincare Small Finance Bank would also be listed on both the exchanges of the country - the NSE and the BSE.
- Fincare Small Finance Bank IPO objectives
The bank proposes to use the net proceeds from the IPO issue towards the augmentation of its Tier-1 capital base. This would help the entity meet its future capital requirements with ease.
Conclusion
All that you need to do to invest in the Fincare Small Finance Bank IPO is open a demat account with Motilal Oswal. With our demat account by your side, you also get to invest in other IPOs and stocks that are already listed in the exchanges.
Before commencing online trading, always remember to open a Demat Account and Trading Account with a trusted and reliable financial partner.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
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