Belstar Microfinance, a subsidiary of Muthoot Finance, plans to raise ₹1,300 crores through an upcoming IPO. The issue includes a fresh equity issue of ₹1,000 crores and an offer for sale of ₹300 crores. Specific IPO dates, the price band, and lot sizes are yet to be announced. [
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IPO Details & Structure
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- Total Issue Size: ₹1,300 crores
- Fresh Issue: ₹1,000 crores (for boosting the capital base for lending)
- Offer for Sale (OFS): ₹300 crores (stake sales by existing investors like MAJ Invest) [1, 2, 3]
- Listing: Proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) [1]
- Book Running Lead Managers: ICICI Securities, Axis Capital, HDFC Bank, and SBI Capital Markets [1]
- Parent Company: Muthoot Finance Limited holds a majority stake (over 66%) in the company.
- Business Model: It operates as a Non-Banking Financial Company – Microfinance Institution (NBFC-MFI), focusing on financial inclusion through loans to self-help groups (SHGs) and small businesses. [1, 2, 3]
While SEBI approval for the issue was greenlit, the precise launch dates are still pending. You can review the preliminary draft documents and upcoming updates directly via the
SEBI Website or monitor the
BSE India announcements. [
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