Five Star Business Finance: Here’s how you can check the allotment status

• The non-banking-financial corporation Five Star Business Finance is likely to announce its share allotment status today.
  
• Overall, the IPO saw poor demand from investors amidst volatile market conditions, being subscribed 0.70 times.
  
• The shares will be listed on November 16 on the exchanges.

The non-banking financial corporation Five Star Business Finance is likely to announce the allotment status of its initial public offering (IPO) on Wednesday, November 16.

Overall, the IPO received poor demand from investors amidst volatile market conditions, being subscribed 0.70 times.

The qualified institutional buyer portion was subscribed 1.77 times. The portion reserved for non-institutional investors witnessed a subscription of 0.61 times. Retail portion saw poor demand as it had a subscription of just 0.11 times.

The grey market premium (GMP) for the company’s shares have come down to ₹5 from ₹10 earlier.

The Chennai-based lender, which provides loans to micro-entrepreneurs, had planned to raise ₹1,960 crore but was subscribed only 70% on the last day. The company will not receive any funds raised from the IPO as all the shares are being sold by promoters.

Here is how to check Five Star Business Finance IPO allotment status on the stock exchange websites:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Five Star Business Finance’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Five Star Business Finance’.
• Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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