HomeStock MarketFive Star Business Finance sets IPO band 10.6% below unlisted market pricing.

Five Star Business Finance sets IPO band 10.6% below unlisted market pricing.

Stock Market

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By lapaasindia
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  • Dealers stated Five Star Business Finance Ltd.’s investors were shocked when the business priced its IPO below its unlisted market price.
  • The South-based lender’s unlisted share price is Rs 525-530, while the IPO price band is Rs 450-474, 10.6% lower.
  • The unlisted stock is down about 35% from its October 2021 peak of Rs 730. The pure IPO opens for subscription on November 9 and closes on November 11.

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