Mumbai, Nov. 9 -- Finance Buddha, a bootstrapped financial services platform, is betting on its loan distribution and aggregation model, as well as its agent network, as it raises capital from the public markets.

The initial public offering (IPO) of the 13-year-old fintech, backed by Ashaish Kacholia and Mahendra Singh Dhoni, will be open for subscription till 10 November on Emerge, the National Stock Exchange's platform for listing of small and medium enterprises (SMEs). The IPO, comprising a fresh issue of shares worth Rs.71.68 crore, has been priced at Rs.140-142 apiece.

The IPO, which opened for subscription on 6 November, was subscribed over 1.21 times at the end of the second day.

Founded in 2012 by Vivek Bhatia, Parth Pande and ...