Belstar Microfinance Limited IPO Details
Belstar Microfinance – About the Company Belstar Microfinance, established in 1988 and acquired by Dr. Kalpanaa Sankar in 2008, is India's ninth-largest NBFC-Micro Finance Institution in India. The company aims to be a socially responsible microfinance institution, driving financial inclusion by promoting entrepreneurship and economic empowerment of women in rural and semi-urban regions. The company offers a variety of loan products, including micro enterprise, small enterprise, consumer goods, festival, education, and emergency loans. The company's lending model, the "self help group" (SHG) model, represents 56.94% of its gross loan portfolio as of December 31, 2023. With 1,009 branches, the company serves approx. 2.67 million customers across 279 districts in 19 states and union territories. The company is supported by Muthoot Finance Limited and private equity investors Maj Invest and Affirma Capital. Belstar Microfinance IPO Issue Price & Size Belstar Micr...