Archive · 9 Nov 2025
Finance Buddha Files for IPO, Backed by Dhoni and Kacholia
Finance Buddha, a company that helps people get loans and is supported by famous people like cricketer Mahendra Singh Dhoni, is offering its shares to the public for the first time through an IPO.
They have started selling shares on November 6th and will continue until November 10th on a special stock market platform for smaller companies.
This IPO aims to raise about 71.68 crore rupees.
Finance Buddha connects people who need loans with banks and other lenders.
They make money by earning a commission on the loans that are successfully given out.
While they have a digital platform, most of their business, about 85%, comes from a large network of over 2,500 agents who help people apply for loans.
They plan to use the money raised to improve their technology and hire more agents.
The company also has a lot of data about customers, which they might use to offer other services like insurance or help with buying big items in the future.
They reported making 223 crore rupees in income and 8.5 crore rupees in profit in the last fiscal year.
Finance Buddha, a fintech firm backed by Mahendra Singh Dhoni, has launched its IPO on the NSE's Emerge platform.
The IPO is open for subscription from November 6 to November 10, 2025, with a fresh issue of shares worth ₹71.68 crore.
The company's business model relies heavily on its agent network (85% of turnover) for loan distribution and aggregation.
Finance Buddha reported total income of ₹223 crore and profit after tax of ₹8.5 crore in FY25.
Proceeds from the IPO will be used to upgrade technology, expand the agent network, and enter new markets.
- Who
- Finance Buddha, a bootstrapped financial services platform backed by Mahendra Singh Dhoni, Ashaish Kacholia, and others.
- What
- Finance Buddha has opened its Initial Public Offering (IPO) on the NSE's Emerge platform to raise capital and expand its business.
- When
- The IPO opened on November 6, 2025, and will be open for subscription until November 10, 2025. The anchor portion was subscribed on November 4, 2025.
- Where
- Mumbai, India (Headquarters). The IPO is listed on the National Stock Exchange's Emerge platform.
- Why
- To raise capital for upgrading its technology platform, expanding its agent network, and deepening its presence in emerging markets. The company aims to leverage its customer data for future business ventures.
Agent Network Model
Digital Platform Model
Contribution to Business
Agent Network Model
The agent business contributes around 85% of the company's turnover.
Digital Platform Model
The digital business contributes the remaining 15% of the company's turnover.
Future Growth Strategy
Agent Network Model
Plans to expand the agent network using IPO proceeds.
Digital Platform Model
Plans to upgrade its proprietary technology platform using IPO proceeds, expecting growth from digital business.
- Company Name
- Finance Buddha
- Business Model
- Bootstrapped financial services platform, loan distribution and aggregation, agent network, and digital platform.
- Founders
- Vivek Bhatia, Parth Pande, and Parag Agarwal
- Key Investors
- Mahendra Singh Dhoni, Ashaish Kacholia, Shakar V (CAMS founder)
- IPO Open Date
- November 6, 2025
- IPO Close Date
- November 10, 2025
- Listing Platform
- Emerge (NSE's platform for SMEs)
- IPO Price
- ₹140-142 per share
- Fresh Issue Amount
- ₹71.68 crore
- Total Income (FY25)
- ₹223 crore
- Profit After Tax (FY25)
- ₹8.5 crore
- EBITDA Margin
- 6.7%
- Anchor Portion Raised
- ₹20.4 crore
- Agent Network Size
- Over 2,500 agents
- Lender Tie-ups
- Over 150 lenders
- Revenue Split (Current)
- 75% personal loans, 20% small business loans
Sources
InCred Holdings files confidential papers with SEBI for Rs 3,000-4,000 crore IPO: Report
InCred Holdings files confidential IPO papers with SEBI: Eyes ₹3,000-4,000 cr via issue
InCred Holdings files draft RHP with SEBI for ₹3,000-4,000 crore IPO via prefiling route: What does this mean?
InCred Holding files confidential DRHP with SEBI for ₹3,000-₹4,000 crore IPO
InCred Holding files confidential DRHP with SEBI for ₹3,000-₹4,000 crore IPO
