Waaree Energies, Five-Star Business Finance get SEBI approval for IPO

Five-Star Business Finance Limited received approval from the Securities and Exchange Board of India (SEBI) for their respective initial public offering on jan'10,2021, information available on the capital market regulator's website showed.

Five-Star Business Finance is bringing an IPO of Rs 2,752 crore, which is entirely an offer for sale. The non-bank lender is backed by some of the biggest names in the private equity market such as TPG, Sequoia, KKR, Matrix Partners, and Norwest Ventures.

The promoter group as well as some of the private equity investors of Five-Star Business Finance will offload shares in the company’s IPO.