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Five Star Business Finance lists at 5% discount amid erratic market conditions

November 21, 2022
Source: businessinsider.in businessinsider.in
News Snapshot:
Shares of Five Star Business Finance listed at ?449.9 against the allotment price of ?450 per share. The IPO received poor demand from investors amidst volatile market conditions, as only 70% of the issue was subscribed. The market capitalisation of the company stood at ?13,110 crore. Advertisement Advertisement Companies Highest listing gains per share Harsha Engineers International ?155.9 Dreamfolks Services ?136.65 Aether Industries ?134.75 DCX Systems ?101.80 Syrma SGS Technology ?93.05 Advertisement Particulars Total revenue from operations Net profit FY22 ?1,254 crore ?453 crore FY21 ?1,049 crore ?358 crore FY20 ?786 crore ?261 crore Peer companies Total Income in FY22...
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