MS Dhoni-backed Finbud Financial Services Sets IPO Price Band at ₹140-142, Opens Nov 6

Banking/Finance

Updated on 31 Oct 2025, 09:57 am

Reviewed By

Aditi Singh | Whalesbook News Team

Short Description :

Finbud Financial Services, a lending enabler backed by MS Dhoni's family office, has announced its Initial Public Offering (IPO) to raise ₹71.6 crore. The company has fixed the price band at ₹140-142 per share. The IPO will open for subscription from November 6 to November 10, with anchor investor bidding on November 4. The funds raised will be used for working capital, subsidiary investment, business development, marketing, and debt repayment. Shares will list on the NSE's Emerge platform.

MS Dhoni-backed Finbud Financial Services Sets IPO Price Band at ₹140-142, Opens Nov 6

▶

Detailed Coverage :

Finbud Financial Services, a technology-driven lending firm supported by MS Dhoni's Family Office, announced its Initial Public Offering (IPO) with a price band set between ₹140 and ₹142 per share. This public issue aims to raise approximately ₹71.6 crore through a fresh issue of 50.48 lakh equity shares.

The subscription period for retail investors will run from November 6 to November 10, 2025, with anchor investors participating on November 4. The proceeds from this IPO are earmarked for crucial business needs, including enhancing working capital, investing in its subsidiary LTCV Credit Pvt Ltd, funding business development and marketing initiatives, and repaying existing debt, with the remainder for general corporate purposes.

Founded in 2012 by Vivek Bhatia, Parth Pande, and Parag Agarwal, Finbud Financial Services (parent company of Finance Buddha) focuses on providing fast, simple, and trustworthy credit solutions, particularly in emerging markets. The backing by prominent investors like Ashish Kacholia and MS Dhoni Family Office highlights confidence in its phygital lending model.

Financially, Finbud reported a total income of ₹223 crore and a profit after tax of ₹8.5 crore in the fiscal year 2025. The company's shares are scheduled to be listed on the NSE's Emerge platform, with a tentative listing date set for November 13, 2025. SKI Capital Services is managing the IPO as the lead manager, and Skyline Financial Services is the registrar.

Impact: This IPO provides an opportunity for investors to participate in the growth of a digitally enabled lending platform in India's growing financial sector. The company's focus on emerging markets and its celebrity backing could attract significant investor interest. The successful fundraising and subsequent listing could bolster Finbud's expansion plans and operational capabilities. Impact Rating: 7/10

Explanation of Difficult Terms: * **IPO (Initial Public Offering)**: This is the process where a private company offers its shares to the public for the first time, becoming a publicly traded company. * **Phygital**: A business model that combines physical (bricks-and-mortar) and digital (online) channels to offer a seamless customer experience. * **Subsidiary**: A company that is owned or controlled by another company, known as the parent company. * **FY25 (Fiscal Year 2025)**: Refers to the financial year ending March 31, 2025. * **NSE's Emerge platform**: A dedicated platform by the National Stock Exchange of India for Small and Medium Enterprises (SMEs) to get listed and raise capital. * **Book running lead manager**: An investment bank that helps a company conduct an IPO, managing the book of orders from investors. * **Registrar**: An entity responsible for maintaining records of share ownership and handling administrative tasks related to share transfers and dividend payments for a company.