Description

NSE announces listing of Finbud Financial Services Limited equity shares on EMERGE SME Platform effective November 13, 2025, with initial trading in Trade for Trade Surveillance Segment.

Summary

NSE has approved the listing of Finbud Financial Services Limited’s equity shares on the EMERGE SME Platform, effective November 13, 2025. The company will list 19,049,480 equity shares with symbol FINBUD at an IPO price of Rs. 142 per share. Trading will initially commence in Series ‘ST’ (Trade for Trade Surveillance Segment with Settlement Type ‘W’) before transitioning to Series ‘SM’ (Normal Rolling Segment) as per SEBI guidelines.

Key Points

  • Company Name: Finbud Financial Services Limited
  • Symbol: FINBUD
  • ISIN: INE0EDU01014
  • Total Securities: 19,049,480 equity shares
  • Face Value: Rs. 10 per share
  • IPO Price: Rs. 142 per share
  • Trading Lot Size: 1,000 equity shares
  • Listing Date: November 13, 2025
  • Initial Series: ST (Trade for Trade Surveillance Segment - Settlement Type ‘W’)
  • Market Maker Spread: Within 10%
  • Market Maker: SKI Capital Services Limited

Regulatory Changes

No regulatory changes introduced. The listing follows existing NSE regulations:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
  • SEBI circular no. CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012
  • NSE Circular No. NSE/CMTR/37202 dated March 14, 2018

Compliance Requirements

  • Members: Must use designated security codes for trading identification
  • Trading: Must adhere to specified lot size of 1,000 equity shares
  • Pre-open Session: Security will participate in pre-open session for IPO and Other category scrips
  • Continuous Market: Security available for trading in continuous market
  • Lock-in Period: Various tranches subject to lock-in periods expiring on November 11, 2026, 2027, and 2028

Important Dates

  • Effective Date: November 13, 2025
  • Lock-in Expiry Dates:
    • 7,551,605 shares: November 11, 2026
    • 2,639,875 shares: November 11, 2027
    • 3,810,000 shares: November 11, 2028
    • Remaining shares: No lock-in

Impact Assessment

Market Impact: Limited to SME segment investors. The listing adds a new financial services company to the EMERGE platform, expanding investment options in the SME space.

Operational Impact:

  • Initial trading in Trade for Trade Surveillance Segment (TFTS) provides additional scrutiny and settlement discipline
  • Higher lot size (1,000 shares) compared to mainboard may limit retail participation
  • Market maker presence ensures liquidity with maximum 10% spread

Investor Considerations:

  • Significant portion of shares under lock-in reduces immediate free float
  • Trade for Trade settlement requires full upfront payment/delivery
  • SME platform carries higher risk profile compared to mainboard listings

Company Details

Registered Office: Finbud Financial Services Limited No. 10, 1st Floor, 6th Main, 9th Cross Jeevan Bhima Nagar, Bangalore - 560075, Karnataka Tel: +91 98862 32323 Email: cs@financebuddha.com Website: www.financebuddha.com

Registrar & Transfer Agent: Skyline Financial Services Private Limited D-000A, First Floor, Okhla Industrial Area, Phase-I New Delhi - 110020 Tel: 011-40450193-97 Email: ipo@skylinerta.com

Financial Year: April 2025 - March 2026

Impact Justification

New SME IPO listing on EMERGE platform with standard surveillance measures. Impacts investors interested in SME segment but limited broader market impact.