Bookbuilding IPO | ₹1,300 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Belstar Microfinance Ltd. on August 30, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Belstar Microfinance Ltd. IPO is a Book Build Issue of ₹1,300.00 crores consisting of a fresh issue of shares worth Rs ₹1,000.00 crores and an offer for sale (OFS) of ₹300.00 crores.
The equity shares are proposed to be listed on NSE and BSE. ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Belstar Microfinance IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,300 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹1,000 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹300 Cr) |
| Share Holding Pre Issue | 5,48,44,055 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, May 6, 2024 |
| SEBI/Exchange approval received | Fri, Aug 30, 2024 |
| SEBI approval expired | Sat, Aug 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
Incorporated in 1988, Belstar Microfinance Limited was acquired in 2008 by Dr. Kalpanaa Sankar, the Managing Director and one of the Promoters. The company 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.
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) and Emergency Loans.
Number or Employee (As of March 31, 2023): 8,022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8,096.88 | 6,226.90 | 4,560.29 | 3,467.29 |
| Total Income | 1,295.21 | 1,037.92 | 728.43 | 552.94 |
| Profit After Tax | 235.12 | 130.33 | 45.13 | 46.65 |
| NET Worth | 1,323.69 | 1,092.30 | 855.93 | 541.72 |
| Reserves and Surplus | 1,274.84 | 1,043.46 | 810.32 | 504.20 |
| Total Borrowing | 6,424.18 | 4,826.49 | 3,557.04 | 2,795.64 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet future capital requirements towards onward lending. | 760.00 |
| 2 | General corporate purposes. |
| KPI | Mar 31, 2023 |
|---|---|
| RoNW | 11.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 23.76 | |
| Promoter Holding | 73.3% |
Belstar Microfinance IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹1,300 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Belstar Microfinance IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Belstar Microfinance IPO using UPI as a payment gateway. Zerodha customers can apply in Belstar Microfinance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Belstar Microfinance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Belstar Microfinance IPO dates are not announced. Please check back again after some time.
Belstar Microfinance IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Belstar Microfinance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Belstar Microfinance IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Belstar Microfinance IPO allotment status.
The Belstar Microfinance IPO listing date is not yet announced. The tentative date of listing is .
