Finbud Financial Services Lists at ₹157, Up 10.56% Over Issue Price of ₹142

Bengaluru, November 13: Finbud Financial Services IPO made a strong listing on NSE SME Emerge today. The Finbud Financial Services IPO listed at ₹157 per share, higher than its issue price of ₹142. The shares listed at a 10.56% premium over their issue price. As of 11:05 AM, Finbud Financial Services’ share price was up by 16.09%, or 22.85 points, and was trading at ₹164.85. The traded volume for the Finbud Financial Services stock stood at 20.09 lakh shares, with the company’s market cap at ₹299 crore.

Finbud Financial Services operates under the brand name “Finance Buddha”. It is a retail loan aggregation platform in India, connecting borrowers with banks and Non-Banking Financial Companies (NBFCs). The company uses a hybrid model of digital marketing and a network of agents to help individuals and SMEs secure personal, business, and home loans.

Finbud Financial Services Anchor Allocation

Ahead of the IPO, Finbud Financial Services raised ₹20.40 crore from anchor investors on November 4 by allotting 14.37 lakh shares at ₹142 per share. Key investors included Bandhan Small Cap Fund, Bengal Finance & Investment Pvt Ltd and several alternative investment funds.

Finbud Financial Services IPO Subscription Snapshot

Finbud Financial Services IPO was subscribed by a total of 4.43 times. The Non-Institutional Investors (NII) category led the demand with 8.38 times subscription, followed by QIBs with 4.33 times subscription, and Retail Individual Investors (RII) at 2.80 times.

What’s Ahead for Finbud Financial Services?

Finbud Financial Services made a strong debut, listing at ₹157, a 10.56% premium over its issue price of ₹142. The stock immediately attracted robust investor demand, delivering listing gains to shareholders and raising expectations of further upside in the coming days.

REF: https://www.nseindia.com/get-quotes/equity?symbol=FINBUD

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