ICICI Securities Limited
BSE NSE

Belstar Microfinance Limited IPO

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  • IPO Open Date
  • --
  • IPO Close Date
  • --
  • Allotment date
  • --
  • Listing date
  • --
  • Issue Size
  • ₹ 1300 Cr.
  • Issue Price Band
  • --
  • Lot Size
  • --
  • Minimum Investment
  • --

Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.

About Belstar Microfinance Limited

Incorporated in 1988, Belstar Microfinance Limited is a Non-Banking Finance Company – Micro Finance Institution (NBFC-MFI) that provides small-ticket loans to individuals, mainly women, in rural and semi-urban areas to support income-generating activities, household needs, education, and emergencies. The company aims to promote financial inclusion and empower women through microfinance services.

The company was acquired in 2008 by Dr. Kalpanaa Sankar, the Managing Director and one of the Promoters. It is part of the Muthoot Finance Group. Muthoot Finance Limited, a listed corporate promoter, holds a 66.13% stake in the company as of December 31, 2023.

Products Offered

Belstar Microfinance Limited offers the following types of loans:

  • Micro Enterprise Loans (MELs)
  • Small Enterprise Loans (SELs)
  • Festival Loans
  • Education Loans
  • Consumer Goods Loans (CGLs)
  • Emergency Loans

Branch Network and Operations (as of December 31, 2023)

  • Total Branches: 1,009
  • Districts Covered: 279
  • States/UTs Covered: 19
  • Branches Outside South India: 461 (45.69% of total branches)

Customer Base and Digital Reach

  • Active Customers: 2.67 million (excluding buyout portfolio)
  • Mobile App Users: 0.28 million

Geographic Distribution of Gross Loan Portfolio (as of December 31, 2023)

  • Tamil Nadu: 48.46%
  • Karnataka: 9.02%
  • Madhya Pradesh: 5.62%

Workforce

As of March 31, 2023, the company had 8,022 employees.

Read More

IPO Subscription Details

Category Shares Offered Shares Applied Subscription Times (x)
Updated on N/A

Grey Market Premium (GMP)

GMP Date IPO Price GMP Estimated Listing Price Estimated Profit* Last Updated
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.

Financials of Belstar Microfinance Limited

A quick overview of the key financial performance of Belstar Microfinance Limited.

Total Assets (₹ Cr)

Revenue (₹ Cr)

Profit after Tax (₹ Cr)

*All values are in Rs. Cr

Company Financials

Revenue increased by 24%, Profit after Tax (PAT) increased by 80%, Total Assets increased by 30% between FY2023 and FY2024 (Dec).

Period Ended FY2021 FY2022 FY2023 FY2024 (Dec)
Revenue 551.40 727.23 1,031.26 1,283.14
Assets 3,467.29 4,560.29 6,226.90 8,096.88
Total Income 552.94 728.43 1,037.91 1,295.21
Profit After Tax 46.65 45.13 130.32 235.12
EBITDA 300.50 356.01 546.59 724.77
Net Worth 541.72 855.93 1,092.30 1,323.69
Reserves & Surplus 504.19 810.32 1,043.45 1,274.84
Total Borrowings 2,795.64 3,557.04 4,826.49 6,424.18
Amount in ₹ Crore

IPO Lot Size

IPO lot size details are currently unavailable.

Key Performance Indicators (KPI)

KPI Latest
ROE (%) 19.46
Debt / Equity 4.85
RoNW (%) 17.76
Pre IPO
Post IPO
EPS (₹)
48.14
-
P/E (x)
-
-
Promoter Holding (%)
73.3
-
Disclaimer: KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.

IPO Lead Manager(s)

Lead Manager Details

  • ICICI Securities Limited

Lead Manager Details

  • Axis Capital Limited

Lead Manager Details

  • HDFC Bank Limited

Lead Manager Details

  • SBI Capital Markets Limited

IPO Registrar

  • Registrar Name
  • MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Phone
  • +91 810 811 4949
  • Contact Person
  • Shanti Gopalkrishnan
  • SEBI Registration Number
  • INR000004058
  • Address
  • C-101, 247 Park, 1st Floor, L B S Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India

Company Contact Details

  • Company Name
  • Belstar Microfinance Limited
  • Phone
  • +91 44 4341 4503
  • Contact Person
  • Sunil Kumar Sahu
  • Corporate Identity Number
  • U06599TN1988PLC081652
  • Address
  • New No. 33, Old No. 14, 48th Street, 9th Avenue, Ashok Nagar, Chennai - 600083, Tamil Nadu, India
View All

Belstar Microfinance Limited FAQs

The Belstar Microfinance Limited IPO is a MAIN IPO with a total issue size of ₹ 1300 crores. The IPO price band is fixed at ₹-- to ₹-- per share, and the minimum lot size is --. The Belstar Microfinance Limited IPO will open on --, and will close on --. MUFG Intime India Private Limited (formerly Link Intime India Private Limited) has been appointed as the registrar for the issue. The equity shares are proposed to be listed on BSE, NSE.

The Belstar Microfinance Limited IPO opens on -- and closes on --.

The Belstar Microfinance Limited IPO lot size is --, and the minimum amount required for application is --.

You can apply for the Belstar Microfinance Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Belstar Microfinance Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Belstar Microfinance Limited IPO listing date is --.
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