Fincare Small Finance Bank (SFB) has deferred its listing plans as the company has postponed the launch of initial public offering (IPO) citing external factors. The small private lender has taken a hit following the covid-19 pandemic and the uncertainty in the global markets due to the conflict between Russia and Ukraine. The company has deferred its plans to July-August. In an interview with Moneycontrol, Rajeev Yadav, managing director and CEO of Fincare Small Finance Bank said that the lender will be eyeing to go public in the first possible opportunity in the next fiscal year. "We have all the regulatory approvals but the timing is largely driven by COVID and its impact on the bank and, therefore, this needs to settle down before we can go public. Obviously, global issues are also a factor at this point of time, but I am hoping that this impact will not last long. Since we have worked through the process of an IPO, we are just making sure that an appropriate window arrives for us to go public," Yadav said. Fincare SFB had filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise funds via primary issue. The company intended to raise Rs 1,330 crore through the initial stake sale, consisting of issuance of a fresh issue of Rs 330 crore and an offer for sale by promoter Fincare Business Services aggregating to Rs 1,000 crore. According to the directives of Reserve Bank of India (RBI), all small finance banks in the private sector have to get listed on the bourses within three years of achieving a net worth of Rs 500 crore. The company had kicked off its operations in July 2015 and as on March 31, 2021 the company had a gross loan portfolio of Rs 6,072 crore and deposits aggregating to Rs 5,318 crore. Currently, Fincare Business Services holds 78.4 per cent stake in the SFB, which will come down by 10-25 per cent post listing. The lender is also exploring a reverse merger option, but the timing of the same is not clear.