Finbud Financial Services, a phygital lending enabler backed by M S Dhoni, has announced a price band of ₹140–142 per share for its ₹71.6 crore initial public offering (IPO).
The IPO will open for public subscription on November 6 and close on November 10, with the anchor investor bidding scheduled for November 4, the company said in a statement.
The offering comprises a fresh issue of 50.48 lakh equity shares, aggregating to ₹71.68 crore at the upper end of the price band.
Finbud plans to use the proceeds to meet its working capital needs, invest in its subsidiary LTCV Credit Pvt Ltd, fund business development and marketing initiatives, and repay existing debt. The remaining amount will go towards general corporate purposes.
“As we enter the public markets, our focus remains on scaling responsibly, strengthening governance, and creating long-term value for our customers, partners, and investors,” said Parag Agarwal, Co-founder of Finance Buddha, a brand under Finbud Financial Services.
Founded in 2012 in Bengaluru by Vivek Bhatia, Parth Pande, and Parag Agarwal, Finbud Financial Services operates as the parent company of Finance Buddha.
“The focus is on deepening our impact, expanding across emerging markets, strengthening our agent network, and delivering credit solutions that combine speed, simplicity, and trust,” added co-founder Vivek Bhatia.
The company’s notable investors include Ashish Kacholia, the M S Dhoni Family Office, and Shankar V, founder of CAMS, reflecting strong investor confidence in its technology-driven lending model.
For FY25, Finbud reported a total income of ₹223 crore and a profit after tax of ₹8.5 crore.
The company’s shares are set to list on the NSE Emerge platform on November 13, with SKI Capital Services acting as the sole book-running lead manager and Skyline Financial Services serving as the registrar to the issue.
