Upcoming IPO Update Five Star Business Finance Limited and Kaynes Technology India Limited All Info

•  Five Star Business Finance Limited  – Physical Press Meet 2022

The Board of Directors of  Five Star Business Finance Limited has done announcement of its forthcoming Initial Public Offering (IPO) on Friday, November 4th, 2022

RHP link: https://cdn1.edelweissfin.com/wp-content/uploads/2022/11/November-01-2022-Five-Star-Business-Finance-–-RHP.pdf


This will be Offer for sale hence fresh issue is not applicable for this IPO. Offer for Sale up to  Equity Shares aggregating up to ₹19,600.05 million. eligibility is The Offer is being made pursuant to Regulation 6(1) of the SEBI ICDR Regulations. For further details, see “Other Regulatory and Statutory Disclosures – Eligibility for the Offer” on page 393. For details in relation to share reservation among QIBs, NIBs and RIBs,

RISKS IN RELATION TO THE FIRST OFFER
The face value of the Equity Shares is ₹1 each. The Floor Price, Cap Price and Offer Price as determined and justified by our Company and Selling Shareholders, in consultation with the BRLMs, on the basis of the assessment of market demand of the Equity Shares by way of the book building process, as stated under “Basis for Offer Price” on page 106 should not be considered to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can * Our Company and the Selling Shareholders, in consultation with the BRLMs, may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date. be given regarding an active and/or sustained trading in the Equity Shares nor regarding the price at which the Equity Shares will be traded after listing.

The Equity Shares to be offered through this Red Herring Prospectus are proposed to be listed on the Stock Exchanges being BSE and NSE. Our Company has received ‘in-principle’ approvals from BSE and NSE for the listing of the Equity Shares pursuant to their letters dated December 2, 2021 and December 3, 2021, respectively. For the purposes of the Offer, the Designated Stock Exchange shall be NSE. A signed copy of this Red Herring Prospectus has been delivered and the Prospectus shall be delivered to the RoC in accordance with Sections 26(4) and 32 of the Companies Act, 2013. For details of the material contracts and documents available for inspection from the date of this Red Herring Prospectus up to the Bid/ Offer Closing Date, see “Material Contracts and Documents for Inspection” 

Company's Official Spokespersons:

1) Lakshmipathy Deenadayalan - Chairman and Managing Director

2) Rangarajan Krishnan - Chief Executive Officer 

3) Srikanth Gopalakrishnan   - Chief Financial Officer

BRLM’s

ICICI Securities Limited, Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers to the issue

About the Company

Five Star Business Finance Ltd is a NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals. Chennai headquartered NBFC has the  fourth fastest AUM growth of 50% CAGR over fiscal 2018-22 among the compared peers. As of June 30, 2022, the company has a network of 311 branches in 150 districts, 8 states and 1 union territory. 85% of the branches are in the states of Tamil Nadu, Andhra Pradesh, Telangana and Karnataka

We operate in the small business finance industry. Customers in small business finance segment are generally self-employed non-professionals (carpenter, plumber, vegetable vendor, small shop keepers, etc.) and microentrepreneurs, people who may not have income proofs. Given the lack of income proofs, the underwriting process typically requires detailed personal discussion with the borrower as well as acquaintances and neighbours to assess the source of income and pattern of cash inflows and outflows as well as the stability and behavioural aspects of the customer.

• Kaynes Technology India Limited's IPO Press Meet 2022

The Board of Directors of Kaynes Technology India Limited done their Virtual Press Meet, for the announcement of their forthcoming Initial Public Offering (IPO) on 7th November 2022, at 12:45 Noon.

Company Spokesperson:

Mr. Ramesh Kunhikannan, MD

Mr. Jairam Paravastu Sampath, CFO

BRLMs:

DAM Capital Advisors Limited and IIFL Securities Limited

About Company:

Kaynes Technology India Limited is a leading end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (“ESDM”) services.

Kaynes has more than three decades of experience in providing conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, and Internet of Things ("IoT") industries, Kaynes is one of the leading companies in the ESDM space to offer optimised product realisation solutions to customers in flexible volumes and higher complexity products across industry verticals.

Kaynes is the first firm in the ESDM industry to be accredited for aerospace goods by the National Aerospace and Defense Contractors Accreditation Program ("NADCAP"), and one of the few Indian companies to maintain this accreditation. It has long-term partnerships with a big customer base that is diverse in terms of verticals and geographical locations. It served 313 customers in 20 countries for the nine months that ended December 31, 2021, in verticals such as automotive, aerospace and defence, industrial, railways, medical, and IT / ITES.