Belstar Investment and Finance ipo Details Today: Belstar Investment and Finance IPO is Open on 7 May 2024 and Close on 10 May 2024. Belstar Investment and Finance IPO to Raise 3,482,000 shares (Approx ₹18.11 Cr) via IPO. The Fresh Issue of 3,482,000 shares (Approx ₹18.11 Cr).
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.
we offer a wide range of loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans.
We are a microfinance institution providing loans to primarily economically-weaker and underserved women customers (primarily for their income-generation purposes) with a focus on rural and semi-urban regions of India, We are one of the few NBFC-MFIs that focuses on the lending model of “self help group” (“SHG”) model.
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. We also have a strong parentage through Muthoot Finance Limited, being our Listed Corporate Promoter and the holding company.
Object the Issue
- To meet future capital requirements towards onward lending.
- General corporate purposes.
Our Company Promoter
- Dr Kalpana Sankar
- Mr. C V Sankar
- Ms Bindhu Sridhar
- Sarvam Financial Inclusionm Trust
- Hand in Hand Consulting Pvt Ltd
Qualitative Factors
- Pan-India presence, a strong and well-diversified portfolio, and a consistent track record of growth and improvement of financial and operational metrics.
- Brand recall and synergies with Muthoot Finance Group.
- Customer-centric business model with deep understanding of the large Indian underbanked customer segment.
- Access to diversified sources of capital and effective cost of funds and asset liability management.
- Robust credit assessment process and risk management framework leading to a healthy portfolio quality.
- High leverage on technology to drive process efficiencies.
- Professional and experienced leadership team with strong corporate governance, backed by highly-respected promoters and other shareholders.
Comparison with Listed Industry Peers
- Belstar Microfinance Limited.
- Muthoot Microfin Limited.
- Equitas Small Finance Bank Limited.
- Ujjivan Small Finance Bank Limited .
- CreditAccess Grameen Limited.
- Spandana Sphoorty Financial Limited.
- Bandhan Bank Limited .
- Suryoday Small Finance Bank Limited.
- Fusion Micro Finance Limited.
- Satin Creditcare Network Ltd.
- Utkarsh Small Finance Bank Limited.
Belstar Investment and Finance Company Contact Details
New No. 33, Old No. 14, 48th Street, 9th Avenue, Ashok Nagar,
Chennai – 600083
Mr. Sunil Kumar Sahu, Company Secretary
Phone No.: +91 – 44-43414505
Contact Person: Mr. Sunik Kumar Sahu
Email: sunilkumar.k@belstar.in
Website of Issuer: www.belstar.in
Belstar Investment and Finance IPO Registrar
Integrated Registry Management Services Private Limited.
2nd Floor, Kences Towers,
No 1, Ramakrishna Street,
T. Nagar, Chennai – 600 017
Tel: +91-44-28140801-803
Email: corpserv@integratedindia.in
Contact Person: Mr. Yuvaraj
Website: www.integratedindia.in
