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InvestmentsIPOFinbud Financial Services IPO

Finbud Financial Services IPO

SME

Open Date

6 Nov 2025

Close Date

10 Nov 2025

Min Investment

₹ 2,84,000

Lot Size

1,000

Issue Size

₹ 71.68 Cr

Price Range

₹ 140 - ₹ 142

Subscribed

3.64 x
status

This IPO is now Live.

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IPO Timeline
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IPO Offer Start
6 Nov 2025
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IPO Offer Ends
10 Nov 2025
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Allotment Finalisation
11 Nov 2025
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Refund Initialisation
12 Nov 2025
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Non-Institutional Buyers (sHNI)
12 Nov 2025
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Listing of Shares
13 Nov 2025
IPO Subscription Details as on 16 Jun 2026, 07:46 AM
Qualified Instituational Buyers (QiB)
3.59 x
Retail
2.31 x
Total
3.64 x
Non-Institutional Buyer (bHNI)
8.61 x
Non-Institutional Buyer (sHNI)
3.27 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Finance Buddha is a prominent retail loan aggregation platform in India that operates across the country, helping people obtain personal loans, business loans, and home loans from banks and NBFCs. The company operates through a unique hybrid business model combining conventional agent channels and digital lending channels, acquiring customers through digital marketing and a wide network of external agents. The company uses matchmaking capabilities to advise customers on suitable loan products, allowing them to compare offers across multiple lending institutions while providing end-to-end support through the loan documentation process until disbursement.
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Founded In

2012

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Director

Vivek Bhatia

Financials of Finbud Financial Services IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue135.48190.24223.28
Other Income0.090.040.22
Total Income
135.57190.28223.50
Total Expenses
133.13182.25211.55
Profit Before Tax2.438.0211.95
Total Profit
1.835.668.50

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize funds for working capital requirements to support its business operations. The company's business is working capital intensive, and it funds a majority of its working capital requirements through banks and internal accruals. The company requires additional working capital for funding its incremental working capital requirements in the Financial Year ending March 31, 2026. The funding of the incremental working capital requirements will help lead to a consequent increase in profitability and in achieving the proposed targets as per the business plan. The company intends to evolve its revenue mix by increasing the Digital Channel's contribution to 28% by FY26, while the Agent Channel is expected to contribute approximately 72%. Within the agent channel, the company plans to increase focus on secured lending, thereby increasing the share of secured products in its overall lending portfolio.21
The company proposes to invest funds into its wholly-owned subsidiary, LTCV Credit Private Limited, which is a Non-Deposit Taking Non-Banking Financial Company (ND-NBFC) registered with the Reserve Bank of India. This capital infusion aims to augment the Net Owned Funds of LTCV Credit, ensuring compliance with evolving regulatory requirements while strengthening its financial foundation to support expanded business operations. The increased capital will enable enhanced lending capacity and growth in the NBFC's loan portfolio. The investment forms part of the company's strategic business integration initiative, enabling vertical integration and allowing the company to internalize margins otherwise shared with external lending partners.15
The company plans to allocate funds for marketing activities to enhance brand visibility, strengthen customer acquisition efforts, and drive deeper market penetration. The company intends to take a more balanced strategy by strategically incorporating pull-based channels alongside existing push-based efforts. The objective is to increase the share of digital-led acquisition, strengthen performance marketing infrastructure, develop a scalable inbound acquisition framework, and reduce customer acquisition cost over the medium term. The company also continues to invest in last-mile outreach activities through its agent-led channel, which remains a key pillar of its hybrid distribution model.18
The company proposes to utilize funds towards repayment or prepayment, in part or full, of certain borrowings, which includes term loans availed by the company. The company believes that such repayment or prepayment will help reduce its outstanding indebtedness and debt-equity ratio and enable utilization of internal accruals for further investment in business growth and expansion in new projects. The strength of the company's balance sheet and leverage capacity will further improve, which shall enable the company to raise further capital in the future at competitive rates to fund potential business development opportunities and plans to grow and expand business in the coming years.4
The company's management, in accordance with the policies of the Board, will have flexibility in utilizing the proceeds earmarked for general corporate purposes. The company intends to deploy the balance Fresh Issue proceeds towards general corporate purposes to drive business growth. The company has flexibility in applying the remaining Net Proceeds for general corporate purpose including but not restricted to, meeting operating expenses, initial development costs for projects other than the identified projects, and the strengthening of business development and marketing capabilities, meeting exigencies, which the company in the ordinary course of business may not foresee or any other purposes as approved by the Board of Directors.-
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  • Extensive agent network across India: The company operates with a vast network of master agents and last-mile agents across India, with 1,707 agents as of July 31, 2025, compared to 3,239 agents as of March 31, 2025. This extensive network enables the company to reach potential customers through various strategies such as outbound telemarketing, advertising, and kiosks at workplaces.
  • Strong digital lending platform with robust technological infrastructure: The company has developed a proprietary technology platform that streamlines the loan application process, offering customers a seamless experience from application to disbursement. The company's technology infrastructure is wholly hosted on Amazon Web Services (AWS) and is ISO 27001 certified, complying with all best practices and security controls.
  • Comprehensive range of loan products: The company offers a wide range of loan products including Personal Loans (contributing 74.52% of revenue as of March 31, 2025), Business Loans (20.81% of revenue), and Home Loans (2.95% of revenue). Personal loans have an average ticket size of approximately INR 10 lakhs, while business loans have an average ticket size of INR 20 lakhs.
  • Partnerships with lending institutions: The company has partnered with a wide network of lenders including banks and NBFCs to offer tailored loan solutions. As of July 31, 2025, banks contributed 45.92% and NBFCs contributed 54.08% to lender disbursements. The company's top 5 lenders contributed 50.57% of revenue from operations.
  • Effective use of data analytics for customer profiling and loan approval: The company uses proprietary and third-party variables to enrich customer data on its proprietary tech platform. Advanced analytics and machine learning models are implemented to obtain deeper insights into customer behavior and preferences, enabling the company to predict customer needs and optimize product offerings.

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