Belstar Microfinance IPO Details
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹1,300 Crores |
| Fresh Issue: | Approx ₹1,000 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Belstar Microfinance IPO Market Lot
The Belstar Microfinance IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Belstar Microfinance IPO Dates
The Belstar Microfinance IPO date is 2025 and the close date is 2025. The Belstar Microfinance IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
Promoters of Belstar Microfinance IPO
The promoters of the company are Muthoot Finance Limited, Sarvam Financial Inclusion Trust And Dr. Kalpanaa Sankar.
About Belstar Microfinance IPO
Belstar Microfinance is the 9th largest NBFC(Non-Banking Finance Company) and it was established in 1988. It is specialised in providing loans products like, micro enterprises, small enterprises, consumer goods, festival and education, emergency loans. They use experience in the microfinance industry to create a simple and strong process for managing risk and credit.
This firm has total operations in 279 districts, 19 states and union territories in india. Moreover, they have around 1,009 branches and 10,169 employees in the company. Muthoot Finance Limited it the promoters of their and helps Belstar Microfinance to enhance capital. Muthoot company has 135 years of experience in the finance industry. As of December 31, 2023, they had 2.67 million active customers (excluding active customers from buyout portfolio).
Belstar Microfinance IPO Company Financial Report
The company reported revenue of ₹1,037.92 crores in 2023 against ₹728.43 crore in 2022. The company reported profit of ₹130.33 crores in 2023 against Profit of ₹45.13 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹552.94 | ₹495.93 | ₹46.65 | ₹3,467.29 |
| 2022 | ₹728.43 | ₹672.29 | ₹45.13 | ₹4,560.29 |
| 2023 | ₹1,037.92 | ₹868.61 | ₹130.33 | ₹6,226.90 |
| December 2023 | ₹1,295.21 | ₹987.88 | ₹235.12 | ₹8,096.88 |
Belstar Microfinance IPO Valuation – FY2023
Check Belstar Microfinance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 13.38% |
| ROCE: | [.]% |
| EBITDA Margin: | [.]% |
| PAT Margin: | [.]% |
| Debt to equity ratio: | 4.42 |
| Earning Per Share (EPS): | ₹27.12 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 11.93% |
| Net Asset Value (NAV): | ₹223.63 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Muthoot Microfin | 14.19 | 19.48 | 10.08% | 139.16 | 1,446.34 Cr. |
| Equitas Small Finance Bank | 4.71 | 21.10 | 11.12% | 46.44 | 4,831.46 Cr. |
| Ujjivan Small Finance Bank | 5.82 | 9.25 | 26.45% | 21.27 | 4,754.19 Cr. |
| CreditAccess Grameen | 52.04 | 28.61 | 16.17% | 321.38 | 3,550.79 Cr. |
| Spandana Sphoorty Financial | 1.74 | 504.22 | 0.41% | 428.72 | 1,394.45 Cr. |
| Bandhan Bank | 13.62 | 13.50 | 11.21% | 121.58 | 18,373.25 Cr. |
| Suryoday Small Finance Bank | 7.32 | 28.28 | 4.90% | 149.28 | 1,281.11 Cr. |
| Fusion Micro Finance | 43.29 | 11.88 | 16.67% | 230.74 | 1,799.97 Cr. |
| Satin Creditcare Network | 33.79 | 8.03 | 13.81% | 224.55 | 1,761.55 Cr. |
| Utkarsh Small Finance Bank | 4.52 | 12.97 | 20.22% | 22.33 | 2,804.29 Cr. |
Objects of the Issue
- To meet future capital requirements towards onward lending; and
- General corporate purposes.
Belstar Microfinance IPO Review
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Belstar Microfinance IPO Registrar
MUFG Intime India Private Limited
Phone: +91 810 811 4949
E-mail: belstar.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Axis Capital Limited
- HDFC Bank Limited
- SBI Capital Markets Limited
Company Address
Belstar Microfinance Limited
New No. 33, Old No. 14, 48th Street,
9th Avenue, Ashok Nagar,
Chennai – 600083,
Tamil Nadu, India
Telephone: +91 44 4341 4503
Email: cs@belstar.in
Website: www.belstar.in
Belstar Microfinance IPO FAQs
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Note: The Belstar Microfinance IPO price band and date are officially announced. The (Belstar Microfinance IPO grey market premium) will be added to the IPO GMP page as it will start).
