Belstar Microfinance IPO

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Issue size	Rs. 0 Cr
Price band	Rs. 0 to 0 per equity share
Bid lot	0 shares and in multiples thereof
Issue break-up	QIB - Rs. 0.0 Cr
	HNI - Rs. 0.0 Cr
	RET - Rs. 0.0 Cr
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Company Details

We are the ninth-largest Non-Banking Finance Company - Micro Finance Institution (“NBFC-MFI”) in India in terms of asset under management (“AUM”) as of December 31, 2023 (Source: CRISIL Report), and aim to be a socially responsible microfinance institution, driving financial inclusion across the country by furthering entrepreneurship and economic empowerment of women through the provision of loans in rural and semiurban regions . We were established in 1988 and acquired by Dr. Kalpanaa Sankar, our Managing Director and one of our Promoters, in 2008. To cater to our customer’s needs, we offer a wide range of loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans.

We are one of the few NBFC-MFIs that focuses on the lending model of “self help group” (“SHG”) model (representing 56.94% of our gross loan portfolio as of December 31, 2023) (Source: CRISIL Report), as we believe that the SHG model encourages generally better financial and credit discipline in the customers, in line with our goal to be a socially responsible MFI.

Our operations are spread across 279 districts in 19 states and union territories in India with 1,009 branches and 10,169 employees that served approximately 2.67 million customers (excluding active customers from buyout portfolio) which had an active loan account as of the last day of the relevant period (“Active Customers”), as of December 31, 2023. As of December 31, 2023 and for the financial years ended March 31, 2023, 2022 and 2021, our gross loan portfolio was ₹88,342.12 million, ₹61,920.39 million, ₹43,649.05 million and ₹32,987.34 million, respectively, representing an increase at a CAGR of 37.01% from March 31, 2021 to March 31, 2023.

We are one of the top 10 NBFC-MFI players with a relatively strong credit rating of “AA” and a stable outlook from CRISIL (Source: CRISIL Report), and we have strong financial and operational metrics. For details on our financial and operational metrics, please see, “Basis of Offer Price – Key Performance Indicators” on page 115. We also have a strong parentage through Muthoot Finance Limited, being our Listed Corporate Promoter and the holding company, who provides us with business and capital support to scale up our operations and is backed by more than 135 years of experience in the finance industry.

We are further supported by marquee private equity investors, namely Maj Invest and Affirma Capital. As part of our business strategy, we also have partnered with insurance service providers such as Kotak Life Insurance and Pramerica Life Insurance, and with credit bureaus such as CIBIL, Equifax, Experian and CRIF.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Belstar Microfinance IPO

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More about the IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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