Price Range (₹)
Issue Size (₹ in Cr.)
Minimum Quantity
Bidding Period
- The company provides financial services to unserved and underserved women in rural and peri-rural areas across India.
- One of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of March 31, 2021. The company has the third fastest gross loan portfolio growth of 44% among the top NBFC-MFIs in India between the FY18-21(Source: CRISIL and Company DRHP)
Well Diversified and Extensive Pan-India Presence
As of March 31, 2021, the company had 2.12 million active borrowers which were served by 725 branches and 6,351 employees spread across 326 districts and 18 states and union territories in India. (Source: Company DRHP)
Proven Execution Capabilities with Strong Rural Focus
The company has a long history of serving rural markets with high growth potential in the microfinance segment, and has maintained a track record of financial performance and operational efficiency through consistently high rates of customer acquisition and retention.(Source: Company DRHP)
Access to Diversified Sources of Capital and Effective Asset Liability Management.
Over the years,the company has adopted a calibrated approach towards diversifying fund raising sources and minimizing costs of borrowings with prudent asset liability management and effective liquidity management. (Source: Company DRHP)
An increase in the level of NPAs or provisions may adversely affect business.
The company may not be able to anticipate future economic or financial developments or downturns, which could lead to an increase in NPAs. If NPAs increase or the credit quality of borrowers deteriorate, it could have an adverse effect on the business.(Source: Company DRHP)
The microfinance industry in India faces unique risks due to the category of borrowers that it services
The political and social risks, such as the negative publicity surrounding the growth and profitability of the microfinance industry, public criticism of the microfinance industry, or religious beliefs and convictions regarding the extension of credit and repayment of interest may deter borrowers from fulfilling their obligations.(Source: Company DRHP)
02 Nov 2022
ICICI Securities
- Rural Economy is Becoming Structurally far More Resilient: The rural economy is far more resilient today due to two consecutive years of good monsoon, increased spends under MNREGA and irrigation programmes, direct benefit transfer (DBT), the PM-Kisan scheme, PM Ujwala Yojana for cooking gas, PM Awas Yojana for housing, and Ayushman Bharat scheme for healthcare.
- Rural Segment to Drive MFI(Micro Finance Industry) Business : Compared to banks, MFIs have higher focus on ruralareas. Going forward as well, for MFIs, rural clientele is expected to remain high in the range of 55-60% compared to urban clientele. CRISIL Research believes that establishing a good relationship with rural customers and engaging with them regularly leads to longer and more loyal customer relationship(Source: Company DRHP)
| Retail Individual Investor | |
| Non-Institutional Investor | |
| Qualified Institutional Buyers | |
| Overall |
Applications
refunds
Convenient investments
of application
For ICICI Bank linked A/c
For non ICICI Bank A/c
Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.
Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Click on proceed to confirm the order. You can view the placed order under “order book”.
Choose the IPO you want to apply from the list. Click on Apply.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.
Trusted by
customers
Investments & Liability Products
Investment Basket
Access to
Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Invest
