Five Star Business Finance IPO vs Fusion Micro Finance IPO

Comparision between Five Star Business Finance IPO and Fusion Micro Finance IPO.

IPO Details

Five Star Business Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Fusion Micro Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Five Star Business Finance IPO	Fusion Micro Finance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Edelweiss Financial Services Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	ICICI Securities Limited Clsa India Private Limited Iifl Securities Ltd Jm Financial Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Five Star Business Finance IPO is up to ₹1,593.45 Cr whereas the issue size of the Fusion Micro Finance IPO is up to ₹1,103.99 Cr. The final issue price of Five Star Business Finance IPO is ₹474.00 per share and of Fusion Micro Finance IPO is ₹368.00 per share.

	Five Star Business Finance IPO	Fusion Micro Finance IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹450.00 per share	₹350.00 per share
Issue Price (Upper)	₹474.00 per share	₹368.00 per share
Issue Price (Final)	₹474.00 per share	₹368.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	31 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹600.00 Cr
OFS Issue Size	3,36,17,061 shares	1,36,95,466 shares
OFS Issue Size (Amount)	up to ₹1,593.45 Cr
Issue Size Total	3,36,17,061 shares
Issue Size Total (Amount)	up to ₹1,593.45 Cr	up to ₹1,103.99 Cr

IPO Timetable

Five Star Business Finance IPO opens on Nov 09, 2022, while Fusion Micro Finance IPO opens on Nov 02, 2022. The closing date of Five Star Business Finance IPO and Fusion Micro Finance IPO is Nov 11, 2022, and Nov 04, 2022, respectively.

	Five Star Business Finance IPO	Fusion Micro Finance IPO
Anchor Bid Date
Issue Open	Nov 09, 2022	Nov 02, 2022
Issue Close	Nov 11, 2022	Nov 04, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Nov 10, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Nov 11, 2022
Credit of Share (Tentative)	Nov 18, 2022	Nov 14, 2022
Listing date (Tentative)	Nov 21, 2022	Nov 15, 2022
Anchor Lockin End date 1	Dec 16, 2022	Dec 10, 2022
Anchor Lockin End date 2	Feb 14, 2023	Feb 08, 2023

Financials

Five Star Business Finance IPO P/E ratio is 24.76, as compared to Fusion Micro Finance IPO P/E ratio of 12.33.

Five Star Business Finance IPO

Fusion Micro Finance IPO

Financial

Five Star Business Finance Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4353.15	787.35	261.95	1944.58	2363.69
31-Mar-21	5793.61	1051.26	358.99	2318.17	3425.2
30-Jun-21	6129.1	300.76	101.57	2944.41	3121.22
31-Mar-22	6343.07	1256.17	453.54	3710.35	2558.83
30-Jun-22	6471.55	339.06	139.43	3856.98	2520.32
Amount in ₹ Crore

Fusion Micro Finance Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4239.99	730.31	69.61	1198.89	2973.68
31-Mar-21	5837.93	873.09	43.94	1246.36	4432.25
30-Jun-21	5824.87	264.96	4.41	1251.65	4422.65
31-Mar-22	7290.48	1201.35	21.76	1337.95	5775.81
30-Jun-22	7615.24	360.45	75.1	1416.46	6009.97
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

40.07%

85.57%

Promoter Shareholding (Post-Issue)

33.65%

58.10%

P/E Ratio

24.76

12.33

Market Cap

₹13810.75 Cr.

₹3703.21 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Five Star Business Finance IPO retail investors (RII) are offered 1,52,44,484 shares while in Fusion Micro Finance IPO retail investors are offered 1,52,44,484 shares. Qualified institutional buyers (QIB) are offered 87,11,132 shares in Five Star Business Finance IPO and 59,56,362 shares in Fusion Micro Finance IPO.

	Five Star Business Finance IPO	Fusion Micro Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	87,11,132 shares	59,56,362 shares
NII	65,33,350 shares	46,25,749 shares
RII	1,52,44,484 shares	1,07,93,414 shares
Employee	0 shares	0 shares
Others
Total	3,04,88,966 shares	2,13,75,525 shares

Bids Received (Subscription)

Five Star Business Finance IPO subscribed 0.70x in total, whereas Fusion Micro Finance IPO subscribed 2.95x.

	Five Star Business Finance IPO	Fusion Micro Finance IPO
QIB (times)	1.77x	8.59x
NII (times)	0.61x	1.38x
Big NII (times)	0.78x	1.52x
Small NII (times)	0.28x	1.09x
RII (times)	0.11x	0.51x
Employee (times)
Other (times)
Total (times)	0.70x	2.95x

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Fusion Micro Finance IPO	Archean Chemical IPO
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Uniparts India IPO	Global Health IPO
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Tamilnad Mercantile Bank IPO	Electronics Mart India IPO

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