MS Dhoni-backed Finbud Financial Services, a phygital lending facilitator, announced on Friday that it has set a price band of ₹140-142 per share for its ₹71.6 crore initial public offering (IPO). The IPO will be open for subscription from November 6 to November 10, with bidding for anchor investors scheduled for November 4.
This IPO consists entirely of a fresh issue of 50.48 lakh equity shares, amounting to ₹71.68 crore at the upper end of the price band. Funds raised will be allocated towards working capital, investments in subsidiary LTCV Credit Pvt Ltd, business development and marketing efforts, as well as debt repayment. The remainder will be directed 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,” stated Parag Agarwal, Co-founder of Finance Buddha.
Bengaluru-based Finbud Financial Services, the parent company of Finance Buddha, was established in 2012 by Vivek Bhatia, Parth Pande, and Parag Agarwal. Vivek Bhatia noted, “The focus is on deepening this impact, expanding our presence across emerging markets, strengthening our agent network, and continuing to deliver credit solutions that combine speed, simplicity, and trust.” The firm has attracted significant investors, including Ashish Kacholia, the MS Dhoni Family Office, and Shankar V, founder of CAMS, highlighting faith in its technology-driven, trustworthy approach to retail credit.
Financially, Finbud reported a total income of ₹223 crore and a profit after tax of ₹8.5 crore for FY25. The company’s shares are expected to list on the NSE’s Emerge platform, with a tentative listing date set for November 13. SKI Capital Services serves as the sole book-running lead manager, while Skyline Financial Services is the registrar for the issue.
