Fincare Small Finance Bank IPO
Fincare Small Finance Bank IPO was proposed as a Mainboard IPO comprising a fresh issue and an Offer for Sale. The bank subsequently merged with AU Small Finance Bank, and the proposed IPO did not proceed as a standalone listing.
Fincare Small Finance Bank IPO Details
Fincare Small Finance Bank Limited had proposed an initial public offering comprising a fresh issue of equity shares and an Offer for Sale by existing shareholders. The bank filed draft offer documents, but the IPO did not proceed to a public listing. The bank subsequently merged with AU Small Finance Bank, so the proposed Fincare Small Finance Bank IPO should be treated as a historical IPO proposal rather than an upcoming issue.
Fincare Small Finance Bank IPO Timeline (Tentative)
Fincare Small Finance Bank filed its original DRHP in 2021 and later revisited its proposed public issue. A subsequent DRHP was filed in 2023, but the IPO did not proceed to listing. The bank's standalone IPO plans were overtaken by its merger with AU Small Finance Bank.
| Event | Tentative Date |
|---|---|
| Original DRHP | May 2021 |
| Updated IPO proposal | 2023 |
| 2023 DRHP | May 2023 |
Fincare Small Finance Bank IPO Lot Size
The IPO price band and minimum bid lot were not announced. Since the proposed issue did not proceed, the minimum investment amount and application lot size are not applicable.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
Fincare Small Finance Bank IPO Subscription
Fincare Small Finance Bank IPO did not open for public subscription. Therefore, no final category-wise subscription figures are available.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Fincare Small Finance Bank
Fincare Small Finance Bank Limited was an Indian small finance bank offering banking and financial services to individuals, micro-enterprises and small businesses. Its services included savings and current accounts, fixed deposits, loans and other banking products. The bank focused on customers across different income groups, including underserved and financially excluded segments.
The bank operated as a small finance bank under the regulatory framework of the Reserve Bank of India. Its lending activities included microfinance and other retail and small-business lending products. Its business model combined deposit mobilisation with lending to individuals and businesses.
Fincare Small Finance Bank later merged with AU Small Finance Bank. As a result, the proposed Fincare Small Finance Bank IPO did not become a standalone listed issue.
Strengths
- Small finance banking experience across retail and underserved customer segments.
- Established customer base built through banking and lending operations.
- Diversified financial products including deposits, loans and other banking services.
- Experience in microfinance and retail lending to individuals and small businesses.
- Existing banking infrastructure developed during its operations as a small finance bank.
Risks to Consider
- Credit risk: Lending operations are exposed to defaults and delays in loan repayments.
- Microfinance exposure: Borrowers may be vulnerable to income volatility and local economic conditions.
- Regulatory requirements: Small finance banks operate under RBI regulations and capital requirements.
- Funding risk: The bank's lending activities depend on maintaining adequate deposits and other funding sources.
- Competition: Banks, NBFCs and fintech companies compete across retail lending and deposit products.
- Standalone IPO did not proceed: Investors cannot treat the proposed IPO terms as an active investment opportunity.
KPIs & Valuation
The proposed IPO price band was not announced, and the issue did not proceed to listing. Accordingly, post-IPO valuation metrics and listing-based returns are not available.
Objects of the Issue
The 2023 DRHP proposed a fresh issue of up to ₹625 crore. The final allocation of proceeds and the detailed objects should be checked against the relevant offer-document version. Since the IPO did not proceed, the proposed objects should not be interpreted as current fund-raising plans.
- Fresh issue of equity shares aggregating up to ₹625 crore.
- The detailed final allocation of proceeds was not established through a completed public issue.
Promoters, Lead Managers & Registrar
The 2023 DRHP identified the book-running lead managers and registrar for the proposed issue. These appointments relate to the historical IPO proposal and should not be taken as confirmation of an active issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | KFin Technologies Limited |
|---|---|
| Phone | +91 40 6716 2222 |
| fincare.ipo@kfintech.com | |
| Website | kfintech.com |
Fincare Small Finance Bank IPO Review
Fincare Small Finance Bank had proposed an IPO to raise capital through a fresh issue and provide an exit opportunity to existing shareholders through an Offer for Sale. The proposal reflected the bank's earlier plans to access the public markets.
However, the IPO did not proceed to listing. The proposed issue price, lot size, subscription figures, allotment details and listing performance are therefore unavailable and should not be presented as current IPO data.
Investors researching Fincare Small Finance Bank should distinguish its historical IPO proposal from the bank's subsequent merger with AU Small Finance Bank. The old DRHP is useful for understanding the proposed issue, but it is not an invitation to apply for shares in a live IPO.
How to Apply
The Fincare Small Finance Bank IPO is not open for application. Investors cannot submit a fresh IPO application under this historical issue.
Through UPI
- The IPO is not currently open for subscription.
- Do not select the historical Fincare Small Finance Bank IPO in an IPO application.
- Check the official exchange and company announcements for any relevant corporate-action information.
- For AU Small Finance Bank, use the current stock-exchange and company information.
- Verify the security name and ticker before placing any market order.
- Review the latest disclosures and financial statements.
- Check the applicable exchange trading status.
- Use a registered broker for any eligible market transaction.
- Review all order details before confirming a transaction.
- Keep the transaction confirmation for your records.
Prospectus & Documents
The following documents relate to the historical IPO proposal.
Last updated Oct 6, 2026.