Finbud Financial Services was incorporated on July 09, 2012. Finance Buddha is a leading retail loan aggregation platform in India that connects borrowers with banks and NBFCs for personal, business, and home loans. It earns commissions from lenders after disbursement, offering customers a free, end-to-end, hassle-free loan journey from comparison to approval
| Bidding Dates |
|---|
| 06 Nov 2025 - 10 Nov 2025 |
| Subscription |
|---|
| 4.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,80,000 | 2 | 2 | 1000 | 5.0 M | ₹140 - ₹142 | 47.72 % | ₹706.7 M - ₹716.8 M | RHP DOC |
Finbud Financial Services IPO SUBSCRIPTION STATUS
10 Nov '25Finbud Financial Services IPO overall subscription rate was 4.24 times the total available shares
Finbud Financial Services IPO retail subscription rate was 3.85 times in the retail segment
Finbud Financial Services IPO non-institutional investor subscription rate was 11.61 times in the non-institutional investor category
Finbud Financial Services IPO Qualified Institutional Bidder subscription rate was 2.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Nov 2025 (Day 3) | 3.85x | 11.61x | 2.3x |
07 Nov 2025 (Day 2) | 0.71x | 2.16x | 1.26x |
06 Nov 2025 (Day 1) | 0.45x | 1.86x | 0.02x |
Finbud Financial Services FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 4MFY26 | 85.8 | 3.3 | -2.5 | -3.1 | 6.9% |
| FY25 | 223.3 | 8.5 | -13.3 | -15.0 | 6.6% |
| FY24 | 190.2 | 5.7 | -2.1 | -3.8 | 5.6% |
| FY23 | 135.5 | 1.8 | 2.7 | 1.1 | 3.1% |
Finbud Financial Services IPO SUBSCRIPTION STATUS DETAILS
Finbud Financial Services had 5.0 M shares on offer
Finbud Financial Services IPO offer price was in the range ₹140 - ₹142
Finbud Financial Services IPO minimum Investment was ₹280000
Finbud Financial Services IPO issue size was ₹ 706.7 M - ₹ 716.8 M
Finbud Financial Services had a minimum lot size of 1000 Shares per application
Finbud Financial Services NUMBER OF SHARES ON OFFER
Finbud Financial Services IPO IMPORTANT DATES
| Issue Open Date | 06 Nov 2025 |
| Issue close Date | 10 Nov 2025 |
| Allotment Date | 11 Nov 2025 |
| Refund Date | 12 Nov 2025 |
| Demat Account Credit Date | 12 Nov 2025 |
| Listing Date | 13 Nov 2025 |
| Listing on Exchange(s) | NSE |
| Finbud Financial Services Allotment Status | Exchange/ Registrar |
Finbud Financial Services IPO subscription opened on 06 Nov 2025, and closed on 10 Nov 2025
IPO allotment for Finbud Financial Services was finalized on Tuesday, 11 Nov 2025
IPO listing for Finbud Financial Services was on NSE on Thursday, 13 Nov 2025
Finbud Financial Services IPO LISTING GAINS
| Issue Price (adjusted) | 142.0 |
| Listing Open Price | 157.0 |
| Listing Close Price | 164.8 |
| Listing Gain% | 10.6% |
| Current Gain% | -1.3% |
Finbud Financial Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finbud Financial Services Ltd. | 140.2 | 267.1 | 22.9 | 0.6 | 0.8 | 10.1 | 7 | 317.9 | 42.2 | 11.6 | 37.1 | 6.1 | 37.1 |
| Crisil Ltd. | 4607 | 33691 | 38.1 | 1.8 | 8.2 | 25.2 | 16.5 | 3755.6 | 12.1 | 766 | 12 | 120.9 | 21.5 |
| Central Depository Services (India) Ltd. | 1328 | 27755.2 | 58.9 | -12.4 | 23.5 | 23.3 | 18.8 | 1238.5 | 3.3 | 456.1 | -13.4 | 22.5 | -4.8 |
| IIFL Finance Ltd. | 611.8 | 26022.7 | 12.4 | 0 | 1.8 | 11.9 | 1.9 | 13373.8 | 30.6 | 1660.8 | 338.5 | 49.4 | 548.8 |
| National Securities Depository Ltd. | 821.2 | 16424 | 42.3 | 4.5 | 9.5 | 16 | 9.9 | 1660.2 | 8.1 | 379.7 | 10.7 | 19.4 | 9.4 |
| KFIN Technologies Ltd. | 936 | 16178.4 | 47.4 | -1147.9 | 11.7 | 20.5 | 12.4 | 1343.9 | 19.1 | 343.7 | 3.3 | 19.8 | 0 |
Finbud Financial Services INFORMATION ON IPO ISSUE
About Finbud Financial Services
Finbud Financial Services was incorporated on July 09, 2012. Finance Buddha is a leading retail loan aggregation platform in India that connects borrowers with banks and NBFCs for personal, business, and home loans. It earns commissions from lenders after disbursement, offering customers a free, end-to-end, hassle-free loan journey from comparison to approval
Object of the Issue
- Working capital requirement
- Investment in wholly owned subsidiary, i.e. LTCV Credit
- Funding for business development and marketing activities
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Finbud Financial Services - PROMOTERS
| Name |
|---|
| Parag Agarwal |
| Parth Pande |
| Vivek Bhatia |
Finbud Financial Services - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Parag Agarwal | Whole-Time Director & Chief Financial Officer |
| Parth Pande | Whole-Time Director |
| Vivek Bhatia | Whole-Time Director |
| Ajay Vikram Singh | Independent Director |
| Payal Shah | Independent Director |
| Kavuri Praveen | Director |
Finbud Financial Services Book Running Lead Manager
SKI Capital Services Limited
fsl@skicapital.net
Finbud Financial Services Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Finbud Financial Services Strengths
Diverse product portfolio
The company generates revenue mainly from Personal, Business, and Home Loans. In FY25, Personal Loans contributed 74.52%, Business Loans 20.81%, and Home Loans 2.95%, a trend consistent over the past three years with steady growth in Business Loans
End to end business process
Finance Buddha acquires customers through digital marketing and a wide agent network to connect with potential borrowers. Using its proprietary matchmaking system, it identifies suitable loan offers, assists with applications, and supports customers post-disbursement
Finbud Financial Services Risks
Insurance risks
The company has not availed cyber insurance, exposing it to potential financial and operational risks, as around 15% of its revenue comes from online operations. While it follows ISO/IEC 27001:2022 standards and employs robust cybersecurity measures, any future cyberattack or data breach could still adversely impact its business and financial performance
Dependent on IT Infrastructure
The company’s business heavily relies on the smooth functioning of its online platform and IT infrastructure. Any disruption, cyberattack, or technological failure could impact service delivery and user experience, while rapid tech evolution may render existing systems outdated or less competitive
Dependent on third-party & proprietary software systems
The company relies on proprietary, open-source, and third-party software for its operations. Any security flaws, licensing issues, or discontinued support in these systems could disrupt technology infrastructure, pose cybersecurity risks, or increase replacement and compliance costs
IPO FAQs
The promoters of the company are Parag Agarwal, Parth Pande and Vivek Bhatia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 140.0 - 142.0.
The IPO application opens on Nov 06, 2025 and closes on Nov 10, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 280,000.0, the maximum value for this IPO is Rs 284,000.0.
This IPO will be allotted on Nov 11, 2025.
The refund will be credited to your account on Nov 12, 2025.
The allotted shares will be credited to your demat on Nov 12, 2025.
Finbud Financial Services Ltd.’s shares listed on the stock exchanges on Nov 13, 2025.