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Finbud Financial IPO
Finbud Financial Services Ltd
₹2,80,000 /1000 sharesMinimum Investment
Finbud Financial IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 6 Nov ‘25 - 10 Nov ‘25 | ₹2,80,000 | 1,000 | ₹140 - ₹142 |
| Issue Size | IPO Doc |
|---|---|
| 0 | RHP PDF |
About Finbud Financial
Founded in
2012
MD/CEO
Mr Parag Agarwal
Parent organisation
Finbud Financial Services Ltd
Strengths & Financials of Finbud Financial
Strengths
Risks
Finbud operates in the rapidly growing digital lending market, driven by factors such as increasing internet penetration, smartphone usage, and the rising adoption of digital financial services. The company claims to leverage advancements in technology to enhance credit assessments and improve operational efficiency, aligning with the sector's growth.
By integrating a hybrid business model that combines traditional agent-based channels with digital platforms, Finbud claims to cater to a diverse customer base, reaching both digitally savvy users and those who prefer conventional methods. Additionally, the company claims to have strong partnerships with major banks and NBFCs, enhancing its competitive edge in the marketplace.
The company is ISO/IEC 27001:2022 certified for its information security management systems.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 135.48 crore in FY23 to Rs 190.24 crore in FY24 and Rs 223.28 crore in FY25. PAT increased from Rs 1.83 crore in FY23 to Rs 5.66 crore in FY24 and Rs 8.50 crore in FY25.
Finbud’s business is heavily reliant on its agent channel sales. They accounted for Rs 73.64 crore (86.17 percent) (standalone) of the company’s revenue for the period ended July 31, 2025; Rs 190.26 crore (85.46 percent) (standalone) in FY25; Rs 163.03 crore (86.03 percent) (standalone) in FY24; and Rs 118.45 crore (87.79 percent) (standalone) in FY23. If any of these partners terminate their relationships, reduce the volume of business, or alter collaboration terms, such as modifying revenue-sharing agreements or imposing stricter compliance requirements, it could negatively affect the company's profitability and operational flexibility.
Finbud is critically dependent on its partnerships with banks and NBFCs for the distribution of financial products. These partnerships enable the company to offer a range of financial products, including loans and insurance services. Any decrease in lending volume, unfavourable changes in terms, or failure to comply with restrictive covenants related to service standards and data security could harm the company’s revenue and growth prospects.
The top lending partner alone accounted for Rs 16.31 crore (19.09 percent) (standalone) of the company’s revenue for the period ended July 31, 2025; Rs 44.75 crore (20.10 percent) (standalone) in FY25; Rs 28.25 crore (14.90 percent) (standalone) in FY24; and Rs 26.71 crore (19.80 percent) (standalone) in FY23. Any loss or reduction in business from this key partner could severely impact the company’s financial stability and growth.
The company reported negative cash flow from operating activities amounting to Rs 2.49 crore for the period ended July 31, 2025, Rs 13.33 crore in FY25, and Rs 2.10 crore in FY24. Additionally, negative cash flow from investing activities amounted to Rs 0.60 crore for the period ended July 31, 2025; Rs 1.46 crore in FY25; Rs 1.66 crore in FY24; and Rs 1.46 crore in FY23. If the company continues to experience negative cash flows, it may face challenges in meeting capital expenditures, repaying loans, or making new investments, which could adversely impact its business and growth prospects.
Finbud is subject to seasonal fluctuations in demand for its financial products, with higher activity typically occurring before major festivals like Diwali, wedding seasons, and at the end of the financial year. These seasonal trends can lead to variability in revenue and cash flow, potentially affecting the company’s financial performance.
The independent directors of Finbud have not yet passed the online proficiency self-assessment test conducted by the Indian Institute of Corporate Affairs, which is required for their continued eligibility for this role. As per Section 150 of the Companies Act, 2013, and the Companies (Appointment and Qualifications of Directors) Rules, 2014, they must pass this test within two years of inclusion in the institute's data bank. Failure to do so will result in their names being removed from the data bank, making them ineligible to continue serving as independent directors, which could affect the company's governance and compliance structure.
The company is involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Finbud’s business is vulnerable to fluctuations in interest rates, which can be influenced by factors such as Reserve Bank of India (RBI) policies, inflation, and overall economic conditions. Changes in interest rates can impact loan demand, increase financing costs, and affect the company’s financial stability. If the company is unable to effectively manage its interest rate risk, it could adversely affect its net interest margin and overall business performance.
As of July 31, 2025, the company had financial indebtedness of Rs 20.48 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Finbud Financial Financials
*All values are in Rs. Cr
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Application Details of Finbud Financial IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹140 - 142 | ₹2 - 5 Lakh |
For Finbud Financial IPO, eligible investors can apply as Individual investor.