Updated @ 10:54 AM Dt. 13.11.2025
Finbud Financial Services Limited, is set to launch its Initial Public Offering (IPO) on the NSE EMERGE platform, opening on November 6, 2025. The company aims to raise up to ₹71.68 crores through a 100% fresh issue of shares. The price band has been fixed at ₹140 to ₹142 per share, with a minimum lot size of 1,000 shares. While Finbud has demonstrated impressive financial growth, investors must exercise extreme caution due to its history of negative operating cash flows and high dependence on its lending partners. The Grey Market Premium (GMP) is yet to commence trading.
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In this article, you will find Finbud Financial IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
What are The Key Finbud Financial IPO Details?
- Price Band: ₹140 – ₹142 per share
- IPO Open / Close Dates: November 6, 2025 – November 10, 2025
- Lot Size: 1,000 Shares
- Issue Size: 50,48,000 shares (aggregating up to ₹71.68 Crores)
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Skyline Financial Services Pvt.Ltd.
- Listing Exchange: NSE SME
What is The Finbud Financial IPO GMP Today?
- Note: The shares of Finbud Financial are not currently trading in the grey market. The Grey Market Premium (GMP) is an unofficial indicator that reflects market sentiment and typically becomes active closer to the IPO opening date.
Listing Update:
| Type | Issue Price | Open | Gain/loss |
| Lisiting | 142 | 157 | 10.6 |
Source: NSE
What Are The Finbud Financial IPO Dates & Allotment Schedule?
- IPO Open & Close Date: November 6, 2025 – November 10, 2025
- Basis of Allotment Date: November 11, 2025
- Refund Initiation Date: November 12, 2025
- Credit of Shares: November 12, 2025
- Listing Date: November 13, 2025
What Are The Objectives of Finbud Financial IPO?
The company intends to utilise the net proceeds from the public offering for its strategic growth and expansion:
- Working Capital Requirement (₹18.00 Crores): To manage its operational needs and support business growth.
- Investment in Subsidiary (₹13.00 Crores): To infuse capital into its wholly-owned NBFC subsidiary, LTCV Credit, to expand its lending operations.
- Business Development & Marketing (₹16.75 Crores): To enhance brand visibility and customer acquisition.
- Debt Repayment (₹6.50 Crores): To reduce its outstanding borrowings and lower finance costs.
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What is Financial Performance of Finbud Financial?
(Amounts in ₹ Crores)
Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 68.93 | 44.97 | 27.47 |
Total Income | 223.5 | 190.28 | 135.57 |
Profit After Tax | 8.5 | 5.66 | 1.83 |
EBITDA | 14.66 | 10.59 | 4.23 |
NET Worth | 35.98 | 11.79 | 6.13 |
Reserves and Surplus | 21.98 | 11.77 | 6.12 |
Total Borrowing | 18.51 | 12.43 | 7.4 |
Finbud has showcased a very strong growth trajectory. Its revenue from operations has grown consistently, and its profitability has been even more impressive, with profit after tax (PAT) more than quadrupling between FY23 and FY25.
Source: NSE India DRHP
However, this strong profit growth is completely overshadowed by a major red flag: the company has reported negative cash flow from operating activities for the last two financial years (FY24 and FY25). This indicates that despite being profitable on paper, its core operations are burning cash.
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Industry Outlook
- Finbud operates as a fintech aggregator in India's massive retail lending market.
- Through its "Finance Buddha" platform, it connects borrowers seeking personal loans, home loans, and business loans with a network of banks and NBFCs.
- The company's hybrid model, which combines a digital platform with a physical agent network, gives it a wide reach across the country.
- The IPO funds will also be used to capitalize its own NBFC, a strategic move towards vertical integration that could improve margins in the long run.
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What are The Strengths and Risks of Finbud Financial IPO?
Strengths:
- Spectacular Growth: The company has demonstrated a phenomenal improvement in both revenue and profitability.
- Hybrid Business Model: A combination of digital and physical channels provides a scalable and wide-reaching customer acquisition engine.
- Experienced Promoters: The leadership team has a strong background in the financial services and technology sectors.
- Strategic Move into Lending: The plan to scale up its own NBFC subsidiary offers a path to higher margins and better control over the customer lifecycle.
Risks:
- Chronic Negative Operating Cash Flow: This is the most critical risk. The company's consistent inability to generate cash from its core operations raises serious questions about its working capital management and long-term financial health.
- High Concentration Risk: The business is heavily dependent on a few lending partners, with the top 10 partners contributing over 65% of its revenue.
- Heavy Reliance on Agent Channel: Over 85% of the company's revenue comes from its physical agent network, making it vulnerable to disruptions in this channel.
- Intense Competition: The fintech and loan aggregation space is highly competitive, with numerous players vying for market share.
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What Are The Expert Recommendations – Should You Apply?
High Risk / Avoid
The Finbud Financial IPO is a high-risk proposition where the impressive profit numbers are at odds with the weak cash flow statement.
- For Risk-Averse Investors: AVOID. The chronic negative operating cash flow is a fundamental weakness that makes this IPO unsuitable for conservative investors.
- For Aggressive Investors: The valuation appears stretched. Based on FY25 earnings, the P/E ratio is around 35x. This is an expensive valuation for an SME company, especially one with serious cash flow issues.
- Our View: A company that is consistently profitable on paper but continuously burns cash in its operations is a risky investment. The disconnect between reported profits and actual cash generation is a major red flag. We recommend that investors avoid this IPO.
Key Takeaways
- IPO Price Band: ₹140 – ₹142 per share
- Lot Size: 1,000 Shares (Note: The minimum application for retail investors is for 2 lots or 2,000 shares, costing ₹2,84,000, which falls into the sHNI category).
- GMP Today: ₹0 (Not trading)
- Allotment & Listing Dates: Tentative listing on November 13, 2025.
- Recommendations of experts: A high-risk issue. Best to avoid due to chronic negative operating cash flows and a very expensive valuation.
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FAQs on Finbud Financial IPO
1. What is Finbud Financial IPO price band?
The price band for the IPO is set at ₹140 to ₹142 per equity share.
2. What is Finbud Financial IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Tuesday, November 11, 2025.
3. How to check Finbud Financial IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
4. What is Finbud Financial IPO listing date?
The company's shares are tentatively scheduled to be listed on the NSE SME platform on Thursday, November 13, 2025.
5. Should I apply for Finbud Financial IPO?
This is a high-risk proposition. Given the company's persistent inability to generate cash from its core operations, coupled with an extremely high valuation, it is advisable for most investors to avoid this IPO.
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Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Please do your own research or consult a financial expert before investing in any IPO.
