Finbud Financial Services IPO

About Finbud Financial Services IPO

The offer consists of a fresh issue component. The fresh issue will include 50,48,000 shares (aggregating up to ₹71.68 crores). The total number of shares is 50,48,000 while the aggregate amount is ₹71.68 crores.

The IPO opens on Thursday, 6 November 2025 and closes on Monday, 10 November 2025. The tentative listing is on Thursday, 13 November 2025. The initiation of refund will take place on Wednesday, 12 November 2025. The credit of shares to the demat account will take place on Wednesday, 12 November 2025. The allotment of bids will take place on Tuesday, 11 November 2025.

Finbud Financial Services operates as a financial platform that specialises in connecting borrowers with lenders, utilising a hybrid model that combines online via a digital channel and traditional methods via an agent channel. It employs a commission-based revenue model, deriving income from each successful loan disbursement conducted by its Lending Partners. The company offers a range of financial products, including personal loans, home loans, and credit lines to consumers, as well as business loans and working capital loans targeted at small to medium-sized enterprises.

Objective of Finbud Financial Services IPO

• Working capital requirement.
  
• Investment in wholly owned subsidiary i.e. LTCV Credit Private Limited.
  
• Funding for business development and marketing activities.
  
• Prepayment or repayment of a portion of certain outstanding borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

In recent years, India has experienced a rise in fintech and microfinancing. India’s digital lending stood at US$ 7,500 crores in FY18 and is estimated to reach US$ 1,00,000 crores by FY23 driven by a five-fold increase in digital disbursements. The Indian fintech market has attracted US$ 2,900 crores in funding over 2,084 deals so far (January 2017-July 2022), accounting for 14% of global funding and ranking second in terms of deal volume. By 2025, India's fintech market is expected to reach ₹6,20,000 crores (US$ 8,348 crores).

Finbud Financial Services Company Information

Finance Buddha or Finbud Financial Services is a prominent retail loan aggregation platform in India that helps people get personal loans, business loans, and home loans from banks and non-banking financial companies. The company acquires customers through a hybrid strategy using digital marketing and through a wide network of external agents to reach out to prospective borrowers.

Once the intent of the customer has been established, the company uses its matchmaking capabilities to advise the customer on the best-suited product for their needs by allowing them to compare prospective loan offers across multiple lending institutions and handhold them through the entire loan documentation process until the final disbursement is processed.

Strengths of Finbud Financial Services

• Extensive agent network across India.
  
• Strong digital lending platform with robust technological infrastructure.
  
• Comprehensive range of loan products.
  
• Partnerships lending institutions.
  
• Effective use of data analytics for customer profiling and loan approval.
  

Risks of Finbud Financial Services

• Any disruption to agent channel sales operations, or changes in consumer preferences.
  
• Any disruption to their IT systems and infrastructure.
  
• Any change in the RBI’s policies, decisions, and regulatory framework.
  
• Concentration risk from dependency on a few key lending partners.
  
• Any changes in search engine algorithms, increased advertising costs, or restrictions on digital marketing.
  

Source: All the financial information for listed industry peers mentioned above is on a Consolidated basis as available sourced from the financial Reports of the peer company uploaded on the NSE website for the year ended March 31, 2025

Notes: 1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on July 07, 2025, divided by the Diluted EPS.

2. RONW is computed as net profit after tax divided by the net worth. Net worth has been computed as sum of share capital and reserves and surplus.

3. NAV is computed as net worth divided by the outstanding weighted number of equity shares during the period.

4. Listed peer are as identified by the management of Finbud Financial Services, based on the following reasoning:

a. Similar to Finbud Financial Services, My Mudra Fincorp Limited operates as a financial platform that partners with banks and NBFCs to offer financial products, use hybrid model and assessing customers' financial needs and matching them with tailored solutions.

b. Similar toFinbud Financial Services, PB Fintech Limited leverages digital platforms and technology to connect consumers with financial products, integrating tailored solutions and hybrid distribution models. c. Similar to Finbud Financial Services, BLS leverages a hybrid model combining digital platforms and physical touchpoints to connect citizens with financial and government services, utilizing partnerships and technology for accessibility and scalability.

Anchor Investor Bidding Date: 04 November 2025

Registrar: Skyline Financial Services Private Limited Book Running Lead Managers: SKI Capital Services Limited

Finbud Financial Services Business Model

The company earns its revenue through the following sources:

• Personal Loans: Unsecured loans primarily targeted at salaried individuals, with an average ticket size of around INR 0.1 crore. This segment forms the largest part of the company’s revenue from the agent channel.

• Business Loans: Unsecured loans provided to SMEs with an average ticket size of INR 0.2 crore. This segment contributes significantly to the company’s overall revenue.

• Home Loans: Secured loans for purchasing homes or mortgaging existing properties, serving both individuals and SMEs.

Finbud Financial Services Growth Trajectory

The company’s revenue from operations for fiscal 2025 stands at ₹223.28 crores, an increase of 17.37% compared to fiscal 2024, which was ₹190.24 crores.

They recorded an increase in profit; from a profit of ₹5.66 crores in fiscal 2024 to a profit of ₹8.50 crores in fiscal 2025. Their profit after tax as a percentage of total revenue stood at 3.80% for fiscal 2025 versus 2.97% for fiscal 2024.

Their EBITDA increased from ₹10.59 crores in fiscal 2024 to ₹14.66 crores in fiscal 2025.

Finbud Financial Services Market Position

The industry’s low entry barriers and rapid growth attract numerous new entrants, suggesting that competition is likely to increase. Despite this, their extensive experience in financial services, commitment to quality assurance, and strong reputation position them favourably. Key factors influencing their competitive position include maintaining robust client relationships, upholding their reputation, and consistently delivering high-quality services at competitive prices.

The company’s hybrid business model also allows it to cater to a wide range of customers, from those preferring traditional methods to digitally savvy consumers. The company’s extensive agent network and digital marketing capabilities provide a competitive edge in acquiring and retaining customers. Moreover, the company’s partnerships with lending institutions, including major banks and NBFCs, further strengthen their market position.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹223.504 crores, ₹8.497 crores, and ₹14.661 crores, respectively.

How to check the allotment status of Finbud Financial Services IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for Finbud Financial Services IPO, visit the official website of Skyline Financial Services Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Finbud Financial Services' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Finbud Financial Services IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Finbud Financial Services IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Finbud Financial Services IPO bid and allotment details will be displayed.

How to apply for the Finbud Financial Services IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.