Asirvad Microfinance Limited

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Offer Period :

Asirvad Micro Finance Ltd, India's largest MFI by geographic coverage, focuses on empowering low-income women through small loans. With 91.81% of AUM in microfinance and digitized processes, Read more... they contribute to inclusive growth despite industry challenges, supported by government initiatives.Read less

Asirvad Microfinance Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

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Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Asirvad Microfinance Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Asirvad Microfinance Limited IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 81 0811 4949
Email Id asirvadmf.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Asirvad Microfinance Limited IPO Lead Manager

1. JM Financial Ltd

2. Kotak Mahindra Capital Company Ltd

3. Nomura Financial Advisory and Securities (India) P

4. SBI Capital Markets Ltd

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Asirvad Microfinance Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Asirvad Microfinance Limited

1. Largest and most diversified MFI in terms of geographical spread, with lowest concentration among top three states.

2. Third largest MFI in terms of AUM, with scalable operations, well positioned to capture industry tailwinds and controlled ticket sizes compared to peers.

3. Commitment towards simplified, borrower-centric products and processes which help in better business transparency, growth and borrower relationship.

4. Low-cost liability franchise, backed by diverse borrowing mix and lender base; First NBFC-MFI to be rated AA- by a credit rating agency.

5. Advanced, integrated and scalable technology- enabled infrastructure.

6. Continuous focus on risk management, on ground audit, vigilance checks and crisis-tested collection capabilities, leading to healthy asset quality.

7. Experienced Board of Directors and senior management, backed by marquee parentage.

Risks Involved

1. Non-payment or default owing to the profile of borrowers in the microfinance industry, whom its service, may lead to increased levels of non-performing assets, related provisions and write-offs that may adversely affect its business, results of operations, cash flows and financial condition.

2. The quality of its portfolio may be impacted due to higher levels of non-performing assets ("NPAs") and its business may be adversely affected if the company is unable to create adequate provisions for such higher levels of NPAs.

3. Its business is vulnerable to interest rate risk. Volatility in interest rates for both lending and treasury operations could have an adverse effect on its net interest income and net interest margin, thereby affecting its results of operations and cash flows.

4. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect its business, results of operations, cash flows and financial condition.

5. The company requires substantial capital for its business and any disruption in its sources of capital could have an adverse effect on its business, results of operations, cash flows and financial condition.

6. Its may not be able to sustain or manage the company growth or execute its growth strategy for microfinance loans effectively. If its fail to increase its operational efficiency, the company may have higher operating costs and lower profitability and cash flows or operate its business effectively.

7. The company depends on the accuracy and completeness of information provided by its borrowers and certain third party service providers. Its reliance on any erroneous or misleading information may affect its judgement of their credit worthiness.

8. The company relies significantly on its information technology systems for the company's business and any inadequacy or security breach in such systems could adversely affect its results of operations, cash flows and reputation.

9. The company has received show cause notices and warning in the past for failure to implement an effective transaction monitoring and reporting system that creates alerts for suspicious or inconsistent transactions. Its inability to detect alerts for money-laundering and other illegal activities fully and on a timely basis may expose it to additional liability and adversely affect its business and reputation.

10. Its non-convertible debentures are listed on BSE and the company is subject to rules and regulations with respect to such listed non-convertible debentures. The company has had few instances of non-compliance in the past and if its fail to comply with such rules and regulations, its may be subject to certain penal actions, which may have an adverse effect on its business, reputation, results of operations, cash flows and financial condition.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Asirvad Microfinance Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -

₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
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Frequently Asked Questions

What is Asirvad Microfinance Limited IPO?

Answer Field

Asirvad Microfinance Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When Asirvad Microfinance Limited IPO will open?

Answer Field

The Asirvad Microfinance Limited IPO opens on [-] and closes on [-].

What is the lot size of Asirvad Microfinance Limited?

Answer Field

Asirvad Microfinance Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Asirvad Microfinance Limited IPO?

Answer Field

You can apply in Asirvad Microfinance Limited IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Asirvad Microfinance Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Asirvad Microfinance Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Asirvad Microfinance Limited IPO listing date?

Answer Field

The Asirvad Microfinance Limited listing date is [-].

Who is the registrar of Asirvad Microfinance Limited IPO?

Answer Field

The registrar of Asirvad Microfinance Limited IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Kotak Mahindra Capital Company Ltd,Nomura Financial Advisory and Securities (India) P,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Asirvad Microfinance Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Asirvad Microfinance Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Asirvad Microfinance Limited IPO?

Answer Field

To apply for Asirvad Microfinance Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Asirvad Microfinance Limited?

Answer Field

The price of each Asirvad Microfinance Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Asirvad Microfinance Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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