Asirvad Micro Finance IPO

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Issue size	Rs. 0 Cr
Price band	Rs. 0 to 0 per equity share
Bid lot	0 shares and in multiples thereof
Issue break-up	QIB - Rs. 0.0 Cr
	HNI - Rs. 0.0 Cr
	RET - Rs. 0.0 Cr
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Company Details

We are a non-banking finance company (“NBFC") - microfinance institution ("MFI”) offering microfinance loans to low-income women, thereby promoting inclusive growth, through servicing and empowering an unbanked population who are socially and economically underprivileged. We are the largest MFI in India in terms of geographic coverage as of March 31, 2023, with a presence in 450 districts (Source: CRISIL Report) in 22 States and four Union Territories, through our network of 1,684 branches, of which our microfinance loan portfolio covers 391 districts.

We are the third largest MFI in India in terms of assets under management (“AUM”) as of March 31, 2023, (Source: CRISIL Report) with microfinance loans comprising 92.59% of our AUM as of such date. In addition, we recorded the third highest number of borrowers as of March 31, 2023 among the top ten NBFC-MFI players in India in terms of AUM ("MFI Peer Group"), (Source: CRISIL Report) which includes 3.25 million active borrowers in our microfinance loan portfolio.

As of March 31, 2023, our AUM was ₹ 100,408.93 million; within a small distance of our nearest competitor, which is placed second in terms of AUM. (Source: CRISIL Report) As of June 30, 2023, we had 1,738 branches overall, with 1,206 branches and 3.39 million active borrowers (being borrowers with an active loan account) in our microfinance loans segment. Our microfinance loans have a tenure of 24 months at origination and as of June 30, 2023, the average ticket size of our microfinance loans was ₹ 35,308.82.

In addition, we offer secured Loans against Gold and as of June 30, 2023, we had 0.10 million active borrowers in our Loan against Gold portfolio. Our AUM as of June 30, 2023 stood at ₹ 101,405.76 million, of which microfinance loans comprised ₹ 93,104.47 million, or 91.81%, and Loans against Gold comprised ₹ 7,895.77 million, or 7.79%. We also offer MSME Loans to small business owners and self-employed individuals. As of June 30, 2023, we had 1,415 active borrowers in our MSME Loan portfolio.

Over the years, we have rapidly scaled our operations while maintaining our asset quality. Our AUM has grown from ₹ 59,846.18 million as of March 31, 2021 to ₹ 70,021.83 million as of March 31, 2022 and further to ₹ 100,408.93 million as of March 31, 2023, at a CAGR of 29.53% between Fiscal 2021 and Fiscal 2023.

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Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

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Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Asirvad Micro Finance IPO

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How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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