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Small Finance Bank
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Fincare Small finance Bank(SFB) filed its DRHP on May 8, 2021.
The bank's IPO offer aggregating up to ₹13,300 million comprising of a Fresh Issue of ₹3,300 million by the bank and an offer for sale of to ₹10,000 million by the Promoter Selling Shareholder.
A Pre-IPO Placement may be undertaken by the Bank, in consultation with the Managers, of such number of Equity Shares aggregating up to ₹2,000 million. If the Pre-IPO Placement is undertaken, the aggregate amount raised in the Pre-IPO Placement will be reduced from the Fresh Issue, subject to the minimum offer size constituting at least a pre decided % of the post-Offer paid-up equity share capital of our Bank.
|Funded By||Funding Amount||Date of Investment||Funding Round||Fund Name|
|Motilal Oswal Private Equity||₹ 185 Cr||May 2021||1||Secondary Acquisition|
Fincare Small Finance Bank's promoter was incorporated as ‘Fincare Business Services Private Limited’ on August 1, 2014 at Bengaluru as a private limited company under the Companies Act, 2013. The issued and paid-up share capital of our Promoter is ₹328,690,840 divided into 328,690,840 equity shares of face value ₹1 each.
The bank does not have any Subsidiaries, Joint Ventures and
Fincare SFB focuses on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet their needs. Their business objective is to enhance access to savings, credit and other financial products for unbanked and underbanked individuals, MSMEs and unorganized entities, especially in rural areas, by leveraging technology and last-mile distribution
As of March' 21 the bank has fixed assets of worth Rs.36.19 Cr.
Reg Office: Floor V, Bren Mercury Kaikondanashalli, Sarjapur Main Road Bengaluru-560035