LIVE
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Svatantra Microfin IPO: $314M India Listing Plans

By ThePip DeskSvatantra Microfin IPO: $314M India Listing Plans

Ananya Birla’s Svatantra Microfin files for a $314.33 million IPO in India, aiming to raise 30 billion rupees. India’s second-largest MFI by AUM.

Svatantra Microfin has filed preliminary papers for an Initial Public Offering in India, targeting a raise of $314.33 million.

The microfinance institution, founded by Ananya Birla, aims to secure 30 billion rupees through this public offering.

IPO Breakdown

  • Total IPO Target: 30 billion rupees ($314.33 million)
  • Fresh Issuance: Up to 15 billion rupees
  • Offer for Sale: 15 billion rupees by existing shareholders
  • Previous Investment (March 2024): 19.30 billion rupees by Advent International and Multiples

Svatantra Microfin ranks as India’s second-largest microfinance institution by assets under management, which reached approximately 211 billion rupees as of March.

The company primarily extends loans to women in rural areas, focusing on households with annual incomes up to 300,000 rupees.

Shareholder Involvement

Existing private equity shareholders Advent International and Multiples are participating in the offer for sale component of the IPO.

They had collectively invested 19.30 billion rupees into Svatantra Microfin in March 2024.

This IPO filing occurs during a period of observed recovery within India’s primary market.

Home/banking/Article