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In the EGM to be held on 22.04.2021, Five Star Business is issuing 14,71,771 (Fourteen Lakhs Seventy-One Thousand Seven Hundred and Seventy-One) equity shares of Rs 10/- (Rupees Ten Only) on preferential basis by way of private placement to various investors, the list is mentioned below.

Name of the Investor No. of shares Premium Money Raised
Sequoia Capital Global Growth Fund III -Endurance Partners L.P. 10,15,729 Rs.3508 357 Crores
Norwest Venture Partners X – Mauritius 26,741 Rs.3508 9.50 Crores
Sirius II Pte. Ltd. 1,45,104 Rs.3508 51 Crores
TVS Shriram Growth Fund 3 2,84,197 Rs.3508 100 Crores

This current raising of funds have valued the Five-Star Business at ~$1.3 Billion.

About Five-Star Business

Formed in the year 1982, Five Star is non-Banking Finance Company (NBFC) with the Reserve Bank of India (RBI), specialized in providing financial services to address the needs of unbanked, and unserved segment, funding the people who were perceived to be non-fundable. The customers include all the way from small shop owners, flower vendors, maids, masons to small and medium enterprises that form the backbone of India’s economy.

Five Star provides Small business loans to meet borrower requirements for commencing new businesses, expansion of his/ her existing businesses and to settle any unorganized dues he/ she has taken to further their businesses. The loans are given based on the company’s evaluation of the borrower household cashflows coupled against the security of the borrower’s house collateral.

Financial Performance

Particulars (in Crs) Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20
Revenue 33.6 46 84 192 389 787
Interest 10.3 14 24 57 75 216
Employee Cost 4.8 8 20 45 76 127
Impairment of Assets 0 0 0 0 7 50
Other Expense 2 5 12 25 25 34
Finance Profit 15 19 27 65 206 360
Finance Margins 47% 42% 33% 34% 52% 46%
Other Income 0.6 2 3 16 18 40
Depreciation 0.36 0.5 0.9 3 4 10
Profit before tax 16 20 30 78 217 390
Tax 5 7 11 22 62 87
Net Profit 10 13 18 55 155 260
Shares 1.02 1.1 1.4 1.92 2.32 2.55
EPS in Rs 10 12 13 29 65 102

EGM Notice

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