Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

markets, stock market, brokers, brokerages, sensex, correction, nifty, shares, growth, profit, economy, gain

BS Reporter Mumbai
Shares of Five Star Business Finance gained more than 3 per cent during their stock market debut on Friday. Shares of the micro finance firm finished at Rs 490, up Rs 16, or 3.4 per cent, over its issue price of Rs 474 per share. The stock hit a high of Rs 544 and a low of Rs 448 on the NSE, where Rs 684 crore worth of shares changed hands. Five Star Business’ listing day gains come despite a lukewarm response to its IPO. The company’s Rs 1,960-crore IPO managed to get bids for just Rs 1,593 crore. As a result, the company cut its IPO size to reach the minimum subscription threshold.

While the response to its IPO

First Published: Nov 21 2022 | 6:29 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to