Finbud Financial Services Limited, a fast-growing non-banking finance company (NBFC) in India, is all set to launch its Initial Public Offering (IPO) in November 2025. The company is known for its robust loan distribution platform, leveraging both agent and digital channels, with an increasing focus on secured lending products. This IPO offers investors a unique opportunity to enter at the ground level of a promising financial services business aiming for vertical integration with its wholly owned subsidiary, LTCV Credit Private Limited.
Company Business Overview
Finbud Financial Services started as a distributor of unsecured and secured loans and has developed deep market insights and customer segmentation expertise. The company plans to expand its core business by capital infusion into LTCV Credit, a subsidiary NBFC registered with RBI, to start direct lending operations, thereby internalizing margins and optimizing customer credit underwriting. Its product portfolio includes unsecured personal and business loans, used car loans, and loan against property, focusing on both salaried and self-employed customers.
IPO Issue Size and Price Band
- Issue Size: Up to 50,48,000 equity shares
- Face Value: ₹10 per share
- Price Band: To be finalized and announced before issue opening (advertised in national newspapers two working days prior to issue opening)
- Issue Type: Fresh issue through book-building
- Reservation: A portion reserved for Market Maker and Net Issue to Public (QIB, Non-Institutional, Retail categories)
IPO Dates
- Anchor Investor Bidding Date: November 4, 2025
- Issue Opening Date: November 6, 2025
- Issue Closing Date: November 10, 2025
- Allotment Date: To be notified post issue closure
- Listing Date: To be notified after allotment (Proposed listing on NSE EMERGE SME platform)
Registrar & Lead Manager
- Registrar to the Issue: Skyline Financial Services Private Limited
- Book Running Lead Manager: SKI Capital Services Limited
Grey Market Premium (GMP)
As this IPO is fresh and price band is yet to be announced, GMP is not available at present. Typically, GMP updates will emerge closer to the issue open date.
Financials Summary (Consolidated, INR in Lakhs)
| Particulars | July 31, 2025 | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|---|
| Revenue from Operations | 8,576.37 | 22,328.28 | 19,023.97 | 13,547.82 |
| Profit after Tax | 332.93 | 849.68 | 565.78 | 183.32 |
| Equity Share Capital | 1,400.15 | 1,400.15 | 1.57 | 1.57 |
| Reserves and Surplus | 2,530.94 | 2,197.99 | 1,177.47 | 611.70 |
| Earnings per Share (Basic) ₹ | 2.38 | 6.07 | 4.04 | 1.31 |
(Financials are for consolidated operations and restated as per Indian GAAP)
Broker Recommendations
The IPO is currently awaiting price band announcement and industry analyst reviews. However, early indications show positive sentiment based on the company’s strategic move into direct lending, experienced promoter group, and robust financials. Brokers are generally optimistic about the potential growth in loan portfolio and vertical integration boosting margins.
Key Highlights
| Details | Information |
|---|---|
| IPO Issue Size | Up to 50,48,000 equity shares |
| Face Value | ₹10 per share |
| Price Band | To be announced |
| Issue Opening Date | November 6, 2025 |
| Issue Closing Date | November 10, 2025 |
| Anchor Investor Bidding | November 4, 2025 |
| Stock Exchange Listing | NSE EMERGE (SME Platform) |
| Lead Manager | SKI Capital Services Limited |
| Registrar | Skyline Financial Services Pvt Ltd |
| Business Focus | Loan Distribution & Direct Lending |
| Financial Year End | March 31 |
| Promoters | Parth Pande, Vivek Bhatia, Parag Agarwal |
Why Consider Finbud Financial Services IPO?
- Robust Business Model: Hybrid revenue generation through agents and growing digital channel.
- Strategic Expansion: Capital infusion in NBFC subsidiary LTCV Credit to increase loan origination margin.
- Experienced Leadership: Promoters with deep industry experience and scalable operational model.
- Potential for Growth: Diversified loan products with increased focus on secured lending boosts risk management.
- SME Platform Listing: Attracts investors looking for early-stage growth companies.
