Finbud Financial IPO is set to open on November 6, 2025, and will close on November 10, 2025. It is a Book Built Issue through which the company aims to raise approximately ₹71.68 crores. The issue includes a fresh issue of ₹71.68 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10. The IPO price band has been fixed between ₹140 to ₹142 per share, offering investors an opportunity to participate in a growing financial services firm.
The Finbud Financial IPO allotment date is scheduled for November 11, 2025, with the company expected to list on NSE on November 13, 2025. The retail investor quota is 35%, while Qualified Institutional Buyers (QIBs) and High Net-Worth Individuals (HNIs) are allocated 50% and 15%, respectively. This balanced allocation structure indicates the company’s focus on attracting diverse investor participation from all categories.
In terms of financial performance, Finbud Financial reported a strong revenue of ₹223.50 crores in FY 2025, up from ₹190.28 crores in FY 2024, reflecting solid business growth. The net profit also surged to ₹8.50 crores in FY 2025, compared to ₹5.66 crores in the previous year. With consistent financial improvement and growth potential in the financial services sector, the Finbud Financial IPO appears to be a promising long-term investment opportunity for investors seeking steady returns.
Table of contents
- Finbud Financial IPO Date & Price Band Details
- Finbud Financial IPO Market Lot
- Finbud Financial IPO Reservation
- Finbud Financial IPO Anchor Investors
- Finbud Financial IPO Allotment & Listing Dates
- Finbud Financial IPO: Promoters and Holding Pattern
- Objects of the Issue & Utilisation of proceeds – Finbud Financial IPO
- Finbud Financial IPO Company Financial Report
- Finbud Financial IPO Valuation – FY2025
- Finbud Financial IPO Peer Group Comparison
- Finbud Financial Company Overview, Key Points, Strengths, and Risks
- Finbud Financial IPO: Key Investment Highlights (Pros)
- Finbud Financial IPO: Key Investment Risks (Cons)
- IPO Lead Managers aka Merchant Bankers
- Finbud Financial IPO Registrar
- Finbud Financial Company Address
- FAQs about Finbud Financial IPO
Finbud Financial IPO Date & Price Band Details
Finbud Financial IPO will open on November 6, 2025, and close on November 10, 2025. It’s a Book Built Issue with a price band of ₹140 to ₹142 per share and a face value of ₹10. The IPO aims to raise ₹71.68 crores and will list on NSE SME.
| IPO Details | Details |
|---|---|
| IPO Open Date | November 6, 2025 |
| IPO Close Date | November 10, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹140 to ₹142 Per Share |
| Issue Size | Approx ₹71.68 Crores |
| Fresh Issue | Approx ₹71.68 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Finbud Financial IPO Market Lot
The Finbud Financial IPO, the retail investors can apply for a minimum of 2 lots (2,000 shares) worth ₹2,84,000. The S-HNI category starts from 3 lots (₹4,26,000), while B-HNI investors need to apply for a minimum of 8 lots (₹11,36,000) for participation.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,84,000 |
| Retail Maximum | 2 | 2,000 | ₹2,84,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,26,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,94,000 |
| B-HNI Minimum | 8 | 8,000 | ₹11,36,000 |
The Finbud Financial IPO Subscription Status will be updated after the bidding process begins on Nov 6, 2025.
Finbud Financial IPO Reservation
In the Finbud Financial IPO, the Qualified Institutional Buyers (QIBs) are allotted 50%, while Non-Institutional Investors (NIIs) receive 15%. The Retail Investor portion is set at 35%, ensuring balanced participation across investor categories. The Anchor Investor allocation details will be announced closer to the IPO opening.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Finbud Financial IPO Anchor Investors
The Finbud Financial IPO Anchor Bidding Date is set for November 4, 2025. The Anchor Investors List will be available in PDF format. The lock-in period for 50% shares ends on December 11, 2025, and the remaining 50% shares on February 9, 2026.
| Anchor Event | Date |
|---|---|
| Anchor Bidding Date | November 4, 2025 |
| Anchor Investors List | Click Here |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | December 11, 2025 |
| lock-in period end date 50% shares (90 Days) | February 9, 2026 |
Finbud Financial IPO Allotment & Listing Dates
The Finbud Financial IPO will open on November 6, 2025, and close on November 10, 2025, with a cut-off time of 5 PM. The basis of allotment is on November 11, refunds and Demat credit on November 12, and the IPO listing date is November 13, 2025 on NSE.
| Event | Date |
|---|---|
| IPO Open Date: | November 6, 2025 |
| IPO Close Date: | November 10, 2025 |
| Basis of Allotment: | November 11, 2025 |
| Refunds: | November 12, 2025 |
| Credit to Demat Account: | November 12, 2025 |
| IPO Listing Date: | November 13, 2025 |
| IPO Bidding Cut-off Time: | November 10, 2025 – 5 PM |
Finbud Financial IPO: Promoters and Holding Pattern
The promoters of Finbud Financial IPO are Parth Pande, Vivek Bhatia, and Parag Agarwal. The company’s promoter holding pre-issue stands at 64.92% (1,40,01,480 shares), which will reduce to 47.71% (1,90,49,480 shares) post-issue, reflecting the company’s expansion and dilution strategy through its IPO offering.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,40,01,480 | 64.92% |
| Promoter Holding Post Issue | 1,90,49,480 | 47.71% |
Objects of the Issue & Utilisation of proceeds – Finbud Financial IPO
The Finbud Financial IPO aims to utilize proceeds mainly for Working Capital Requirements (₹20.90 crores), Investment in Subsidiary LTCV Credit Pvt. Ltd. (₹15 crores), Business Development and Marketing (₹17.75 crores), and Loan Repayment (₹4.03 crores). The remaining funds will support general corporate purposes.
| Purpose | Crores |
|---|---|
| Working Capital Requirement | ₹20.90 |
| Investment In Wholly Owned Subsidiary i.e. LTCV Credit Private Limited | ₹15 |
| Funding for Business Development and Marketing Activities | ₹17.75 |
| Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company | ₹4.03 |
| General Corporate Purpose | ₹- |
Finbud Financial IPO Company Financial Report
Finbud Financial has shown strong growth with revenue rising from ₹135.57 crores in 2023 to ₹223.50 crores in 2025. The PAT improved from ₹1.83 crores to ₹8.50 crores, while total assets increased to ₹68.93 crores, reflecting consistent financial performance and profitability ahead of the Finbud Financial IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹135.57 | ₹133.13 | ₹1.83 | ₹27.47 |
| 2024 | ₹190.28 | ₹182.25 | ₹5.66 | ₹44.97 |
| 2025 | ₹223.50 | ₹211.55 | ₹8.50 | ₹68.93 |
| July 2025 | ₹85.82 | ₹81.10 | ₹3.33 | ₹76.12 |
Finbud Financial IPO Valuation – FY2025
The Finbud Financial IPO shows solid fundamentals with an impressive ROE of 23.61% and ROCE of 32.11%. The EBITDA Margin stands at 6.57%, and EPS (Basic) is ₹6.07. The company’s RoNW is 23.61%, while the Net Asset Value (NAV) is ₹25.70, indicating strong financial health.
| KPI | Values |
|---|---|
| ROE: | 23.61% |
| ROCE: | 32.11% |
| EBITDA Margin: | 6.57% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹6.07 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.61% |
| Net Asset Value (NAV): | ₹25.70 |
Finbud Financial IPO Peer Group Comparison
In the peer group comparison, Finbud Financial IPO competes with My Mudra Fincorp Limited (EPS ₹9.96, RoNW 16.87%), BLS E-Services Limited (EPS ₹5.79, RoNW 12.18%), and PB Fintech Limited (EPS ₹7.77, RoNW 5.49%), showcasing strong positioning among top financial services companies in India.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| My Mudra Fincorp Limited | 9.96 | 7.79 | 16.87% | 46.85 | 80.37 Cr. |
| BLS E-Services Limited | 5.79 | 32.99 | 12.18% | 53.1 | 519.35 Cr. |
| PB Fintech Limited | 7.77 | 236.08 | 5.49% | 140.06 | 4,977.21 Cr. |
Finbud Financial Company Overview, Key Points, Strengths, and Risks
Finbud Financial Services Limited, operating under the brand ‘Finance Buddha,’ is a prominent retail loan aggregation platform in India. It acts as an intermediary, connecting borrowers with various Banks and Non-Banking Financial Companies (NBFCs) for different loan products.
Here is an overview of the company, its key points, strengths, and risks, primarily based on information related to its recent IPO filings and public statements:
Company Overview
- Business Model: Loan aggregation and sourcing. The company operates on a hybrid (Phygital) model, utilizing both a digital channel (online platform) and an extensive agent channel (traditional methods) for customer acquisition and service.
- Revenue Model: Commission-based. Finbud earns a commission from its lending partners (banks and NBFCs) upon the successful disbursement of a loan. It does not carry the credit risk associated with the loans.
- Products Offered: A comprehensive range of retail loan products, including:
- Personal Loans (largest revenue contributor, especially via the agent channel).
- Business Loans (for SMEs).
- Home Loans and Loan Against Property (LAP).
- Key Segment Focus (FY25 data): The Agent Channel contributes the majority of the revenue (approx. 85%), with the Personal Loan segment being the largest product contributor.
- Subsidiary: The company owns LTCV Credit Pvt. Ltd., which is an RBI-registered NBFC-ND (Non-Deposit taking).
Key Points
| Feature | Detail |
|---|---|
| Established | July 2012 |
| Brand Name | Finance Buddha |
| Core Function | Connecting individual and SME borrowers with lenders. |
| Customer Journey | Offers comparison of loan offers, product recommendation, and documentation support for a seamless end-to-end process. |
| Market Position | Operates in the fast-growing Indian fintech and digital lending market. |
| Financials (FY25) | Total Income: ₹223.50 Crores; Profit After Tax: ₹8.50 Crores. |
| Recent Activity | Scheduled for an Initial Public Offering (IPO) on the NSE SME platform (dates around November 2025). |
| Investors | Backed by investors like the M S Dhoni Family Office and Ashish Kacholia. |
Strengths
- Unique Hybrid Business Model: This is cited as a key differentiator. The combination of an extensive, established agent network (for reach and high-touch service) and a strong digital platform (for speed and efficiency) allows the company to cater to a wider customer base and optimize margins.
- Asset-Light and Scalable: The company is a fee-based intermediary, meaning it does not carry the credit risk of the disbursed loans, making the business capital-efficient and highly scalable.
- Strong Lender Partnerships: Has strategic tie-ups with numerous banks and NBFCs across India.
- Technology and Data Focus: Leverages technology, data analytics, and robust infrastructure for better customer profiling, efficient processing, and enhanced operational efficiency.
- Growth Trajectory: Demonstrated consistent growth in total income and a strong rise in Profit After Tax (PAT) in recent financial periods (e.g., 50% YoY PAT increase in FY25).
Risks
- Concentration Risk on Key Partners: A significant portion of the company’s revenue is derived from a limited number of key Lending Partners. Any disruption to these relationships could materially impact the business.
- High Reliance on Agent Channel: Despite the digital push, the Agent Channel currently accounts for the significant majority (over 85%) of its revenue. Any disruption to its agent operations or an inability to effectively grow its higher-margin Digital Channel could be a risk.
- Highly Competitive Market: The company operates in a highly competitive and fragmented financial intermediation market, facing competition from other fintech platforms and traditional financial distribution channels.
- Regulatory Changes: Being in the financial services sector, its operations are vulnerable to changes in the Reserve Bank of India’s (RBI) policies, decisions, and the overall regulatory framework for lending in India.
Finbud Financial IPO: Key Investment Highlights (Pros)
| Category | Key Highlight | Supporting Data / Reason |
|---|---|---|
| Business Model | Unique Hybrid (Phygital) Model | Blends an extensive Agent Channel (85%+ revenue) with a digital platform. This provides both deep reach into smaller cities/towns and the scalability of a fintech platform. |
| Financial Performance | Strong, Consistent Growth | Revenue grew from ₹135.57 Cr (FY23) to ₹223.50 Cr (FY25). PAT surged from ₹1.83 Cr to ₹8.50 Cr over the same period, indicating improving operational efficiency. |
| Financial Health | Robust Profitability & Returns | Key metrics are strong: ROE of 23.61% and ROCE of 32.11% in FY25, signaling efficient use of shareholder equity and capital. |
| Risk Profile | Asset-Light & Fee-Based | As a loan aggregator, the company operates on a commission model and does not carry the credit risk of the loans it sources. This makes the business model highly scalable and capital-efficient. |
| Use of Proceeds | Growth-Focused Utilisation | A significant portion of the IPO funds is earmarked for Working Capital (₹20.90 Cr), Investment in Subsidiary NBFC (₹15 Cr), and Business Development/Marketing (₹17.75 Cr), supporting future expansion. |
| Promoter/Investor Trust | High Promoter Holding | Promoter holding is substantial at 64.92% pre-issue, reflecting confidence (though it dilutes to 47.71% post-issue). The company is also backed by notable investors like the M S Dhoni Family Office and Ashish Kacholia. |
Finbud Financial IPO: Key Investment Risks (Cons)
| Category | Key Risk | Supporting Data / Reason |
|---|---|---|
| Revenue Concentration | High Reliance on Agent Channel | Over 85% of revenue currently comes from the Agent Channel. Any disruption to this network or a failure to successfully pivot to the Digital Channel could significantly impact growth. |
| Partner Dependency | Concentration Risk on Key Lenders | A significant portion of the company’s revenue is derived from a limited number of key Lending Partners. Loss or disruption of these tie-ups could materially affect the business. |
| Market/Competition | Highly Competitive Environment | The company operates in a crowded and fragmented financial intermediation market, facing competition from major banks, established fintech platforms, and other digital marketplaces. |
| Regulatory Exposure | Vulnerability to RBI/Regulatory Changes | The financial services sector is highly regulated. Changes in RBI policies regarding lending practices or commissions could negatively impact the company’s revenue model and operations. |
| Listing Platform | NSE SME Listing | Listing on the NSE SME platform often implies lower liquidity and potentially higher volatility compared to the main board. |
IPO Lead Managers aka Merchant Bankers
- SKI Capital Services Ltd.
Finbud Financial IPO Registrar
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Finbud Financial Company Address
Finbud Financial Services Ltd.
No.10, 1st Floor, 6th Main,
9th Cross
Jeevan Bhima Nagar
Bangalore Urban, Karnataka, 560075
Phone: +91 98862 32323
Email: cs@financebuddha.com
Website: https://www.financebuddha.com/
FAQs about Finbud Financial IPO
The Finbud Financial IPO will open for subscription on November 6, 2025, and close on November 10, 2025. The allotment is expected on November 11, 2025, and the listing date is set for November 13, 2025.
The Price Band for the Finbud Financial IPO has been fixed between ₹140 to ₹142 per equity share, with a face value of ₹10 per share.
The minimum application for a retail investor is 2 lots, which comprises 2,000 shares. The corresponding minimum investment amount at the upper price band is ₹2,84,000.
The stated total issue size is approximately ₹71.68 crores, which entirely represents the Fresh Issue component. The IPO document also mentions an Offer for Sale (OFS) of an undisclosed number of shares, but the monetary value of the OFS is not included in the stated issue size of ₹71.68 crores.
The Finbud Financial IPO will be listed on the NSE SME platform.
The reservation structure is: QIBs (Qualified Institutional Buyers) get 50%, NIIs (Non-Institutional Investors/HNIs) get 15%, and the Retail Investor portion is 35%.
Finbud Financial Services Limited, operating as ‘Finance Buddha,’ is a prominent retail loan aggregation platform in India, connecting borrowers with various Banks and NBFCs through a hybrid (Phygital) model.
The company plans to use the proceeds primarily for:
Working Capital Requirements (₹20.90 crores)
Investment in its wholly-owned subsidiary (LTCV Credit Pvt. Ltd.) (₹15 crores)
Funding Business Development and Marketing Activities (₹17.75 crores)
Finbud Financial reported a strong Net Profit (PAT) of ₹8.50 crores in FY 2025, up from ₹5.66 crores in the previous fiscal year.
The promoters of Finbud Financial are Parth Pande, Vivek Bhatia, and Parag Agarwal.
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
