[Fresh Issue ₹850 Cr + OFS ₹76 Cr]

Onemi technology solutions ipo price is ₹162 – ₹171 per share.

OnEMI Technology Solutions: History

The Company was originally incorporated as OnEMI Technology Solutions Private Limited, a private limited company under the Companies Act, 2013, on June 18, 2016.

The Company was then converted into a public limited company on June 17, 2025, under a special resolution passed by the shareholders.

Its name was subsequently changed to OnEMI Technology Solutions Limited, and a fresh certificate of incorporation was issued by the RoC on July 8, 2025.

OnEMI Technology Solutions: Business

OnEMI Technology Solutions Ltd (Kissht) is a technology-enabled lender in India, primarily offering digital loans (personal loans, loan against property, and MSME loans) through a mobile application.

The Company provides swift, accessible, and personalized credit solutions to support clients throughout their financial journeys.

OnEMI primarily focused on young individuals in the mass market segment, representing India’s emerging middle class and characterized as aspirational, digitally connected, and underpenetrated in credit access.

Si Creva Capital Services (OnEMI’s NBFC partner) handles loan disbursement, KYC, and EMI collections.

Silent features of the company’s business –

• Diversified client sourcing channels
• Advanced risk management system
• Scalable technology platform integrated across functions
• Balanced liability profile
• Delivering consistent growth and profitability
• Experienced leadership backed by marquee investors

As of March 31, 2025, the company had 53.23 million registered users and served 9.16 million clients.

Kissht is supported by a strong brand franchise reflected in a Play Store rating of 4.6 stars and a net promoter score of 91.

Strategies Ahead

Deepen relationships with existing clients and acquire new high-quality customers.

Improve credit models to drive profitability.

Be at the forefront of technology by leveraging ML, generative AI, and other emerging tools.

Deliver superior profitability by leveraging the lower cost of funds and operating leverage.

Build a comprehensive financial services platform through product expansion.

Company Promoters

1. Ranvir Singh,
2. Krishnan Vishwanathan.

Refer to OnEMI Technology Solutions DRHP for more information.

IPO Details

ipo date: 30 Apr – 5 May 2026

Minimum Amount: ₹14,877

Minimum Bid: 87 Shares

Face Value: INR 1 per share

Listing On: NSE, BSE

Object of the IPO

1) Augmenting the capital base of Subsidiary (Si Creva Capital) to meet its future capital requirements arising out of the growth of Subsidiary.

2) General Corporate Purposes.

Financial

Book Running Lead Managers

Centrum Capital, HSBC  Securities and  Capital  Markets, JM Financial, Nuvama Wealth Management, and SBI Capital Markets.

CONCLUSION

Considering the nature of the business, financial performance, and the above-listed factors in mind, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on OnEMI Technology Solutions IPO.

IPO FAQs

What is the ONEMI TECHNOLOGY SOLUTIONS Pvt Ltd office address?

10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai, Maharashtra, 400070.

What is Onemi_technology_solutions customer care number?

+91 22 6947 5600

What is Onemi_technology_solutions ipo listing date?

IPO will list on the NSE and BSE with a tentative listing date fixed as May 8, 2026.

Who are OnEMI_TECHNOLOGY_SOLUTIONS pvt ltd owner?

Ranvir Singh and Krishnan Vishwanathan.

Do come back to know more about upcoming ipos.

Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post OnEMI Technology Solutions IPO Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Aye Finance Limited, a leading NBFC focused on lending to micro-enterprises, today, April 6, 2026, announced its business performance for the quarter and year ended March 31, 2026. Source: BSE

Loan Portfolio: Key Highlights

Assets Under Management: The Company’s Assets Under Management (AUM) grew by 27 percent YoY to ₹7,044 crore in FY26, compared to ₹5,534 crore in FY25.

Disbursements: Disbursements increased by 20 percent YoY to ₹5,169 crore in FY26, compared to ₹4,291 crore in FY25, showing continued demand from small businesses.

In Q4 FY26, disbursements rose by 26 percent compared to the previous quarter to ₹1,655 crore.

Aye Finance Q4 FY 2026

Asset Quality: Key Highlights

Aye Finance Limited also saw steady improvement in asset quality.

PAR X reduced by 115 basis points between October 2025 and March 2026, while GNPA came down to 4.77 percent in Q4 FY26.

The 1-90 DPD ratio improved to 1.87 percent as of March 2026, showing better repayment by customers and improving business conditions.

Key states, including Bihar, Rajasthan, and Uttar Pradesh, also exhibited strong repayment trends during the quarter, a company spokesperson added.

Aye Finance Q4 FY 2026

Portfolio Spread

The Company’s portfolio is well-diversified across 18 states and 3 union territories, with a presence in over 70 business clusters.

This wide presence has helped the company to reduce risks and maintain stability even in changing market conditions.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to Aye Finance News for further information.

Management Commentary

Commenting on the performance, Mr. Sanjay Sharma, Managing Director, Aye Finance Ltd., said:

We have closed FY26 on a strong note, with good growth in AUM and disbursements, along with clear improvement in our asset quality.

Better collection efficiency and lower delinquencies show the strength of our customers as well as our disciplined approach to lending and risk management.

We have built a well-diversified portfolio that continues to give us stability, even during uncertain times.

As we enter the new financial year, our focus is on growing in a steady and responsible way.

We will continue to use technology and data to reach more micro-enterprises and support their growth, while building a strong and sustainable business.

Market Cap: The company’s market capitalization is ₹2,250 Cr.

Technical: The stock is trading below its 20-day SMA.

Price Performance: The Company has raised INR 1,010 Cr via IPO during February 9 to 11, 2026.

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Disclaimer: This article is purely for informational purposes. The data presented here are for information & personal use only. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Aye Finance Q4 FY 2026 appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

CreditAccess Grameen Limited (BSE: 541770, NSE: CREDITACC), the country’s largest Non-Banking Financial Company-Micro Finance Institution (NBFCMFI), today, 10 March 2026, announced that,

The Company has secured a syndicated social loan facility of USD 75 million (INR 680 to 700 crore), qualifying as an ECB under the automatic route of the Reserve Bank of India. Source: BSE

The foreign currency borrowings are for a tenure of 3–5 years.

This transaction reinforces the company’s strong track record of raising international funds through innovative financing solutions, a spokesperson added.

With this transaction, the Company has secured over USD 300 million in commitments from development financial institutions, global banks, and impact investors in FY 2025-26.

ALSO READ – Innovision IPO Review

Lead Arranger

HSBC acted as the Sole Mandated Lead Arranger (SMLA) and Bookrunner for the social loan fund raise, securing participations from –

HSBC (Gift City),

Bank of China Ltd. (China),

Doha Bank (Qatar),

State Bank (Mauritius) Ltd.

National Development Bank Plc (Sri Lanka).

Refer to creditaccess grameen news for more details.

CreditAccess Grameen Secures $75 Million Loan for Inclusive Growth

CFO Speaks –

Speaking about the fundraiser, Mr. Nilesh Dalvi, Chief Financial Officer, CreditAccess Grameen, said,

We are pleased to partner with HSBC, having successfully secured offshore financing that further strengthens our global funding reach.

The foreign currency borrowings with a tenure of 3–5 years significantly enhance our asset-liability management (ALM) profile and liquidity position.

Our sustained efforts to build strong relationships with leading global lending institutions have enabled us to increase the share of foreign borrowings from 9% to 24% over the past 5 years, while consistently reducing our incremental cost of funds.

This disciplined approach allows us to extend affordable financing solutions to our microfinance customers and deepen our commitment to financial inclusion.

MUST READ – Happy Forgings Limited (Value Pick Stock March 2026)

The company’s market capitalization is ₹19,400 Cr.

The stock is currently trading below its (20-day) and (200-day) SMA.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post CreditAccess Grameen Secures $75 Million Loan for Inclusive Growth appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Aye Finance Ltd, a middle-layer non-banking financial company in India, made a muted debut on the stock market on February 16, 2026.

The muted listing comes after the initial public offering (IPO) of the non-banking financial company (NBFC) saw a tepid response (subscribed 97 percent) during February 09-11.

The share of Aye Finance is listed at ₹129 apiece on the National Stock Exchange, which marks nil premium over the IPO price.

The Stock made a high of ₹133.80 and a low of ₹120.55 before closing at ₹128.80 (down 0.16%) on the NSE at the market’s close.

In terms of volumes, Aye_Finance traded with 9,822,584 shares on the NSE.

The Company had launched its IPO in February to raise ₹1,010 crore, a fresh issue of ₹710 crore and an OFS of ₹300 crore by Alpha Wave India, CapitalG, LGT Capital, MAJ Invest, and Vikram Jetley.

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8 February 2026

Aye Finance Limited, a non-banking financial company that provides loans to micro-scale MSMEs across India, is planning to raise ₹1,010 crore through an Initial Public Offering.

[Fresh Issue ₹710 Cr + OFS ₹300 Cr]

Aye Finance IPO price is ₹122 – ₹129 per share

Aye Finance: History

The company was originally incorporated as Doda Finance Private Limited, at Jalandhar, Punjab, India, as a private limited company under the provisions of the Companies Act, 1956, on August 12, 1993.

The Company was then converted into a public limited company. Its name was subsequently changed to Aye Finance Limited, as per a fresh certificate of incorporation issued by the Registrars of Companies on December 10, 2024.

Aye Finance: Business

Aye Finance Limited is a non-banking financial company – middle layer (NBFC-ML) focused on providing loans to micro scale micro, small, and medium enterprises (MSMEs) across the nation.

The Company offers secured and unsecured business loans (to micro-scale MSMEs) for working capital, including

• Mortgage Loans,
• ‘Saral’ Property Loans,
• Secured Hypothecation Loans, and
• Unsecured Hypothecation Loans,

It offers loans for business expansion needs, against hypothecation of working assets or against security of property to clients across the manufacturing, allied agriculture, trading, and service sectors.

Average Ticket Size (ATS)

The Company offers small-ticket business loans with an average ticket size (ATS) of ₹1.5 lakh to micro enterprises.

Asset Under Management (AUM)

According to the CRISIL Report, Aye_Finance is the key NBFCs with 508,224 active unique clients across 18 states and three union territories (UTs), with assets under management (AUM) of ₹4,980 croce as of September 30, 2024.

ALSO READ – Fractal Analytics IPO Review

Strategies Ahead

• Increasing AUM by penetration in the target segment
• Growing mortgage loan portfolio
• Leveraging data sciences and technology for improving productivity & scalability
• Improving operating leverage
• Optimizing borrowing costs and diversifying the lender base

Company Promoters

1. Govinda Rajulu Chintala (Chairman & Independent Director)
2. Sanjay Sharma (Founder & Managing Director)

Refer to Aye Finance IPO DRHP for detailed information.

IPO Details

Aye Finance IPO date: 9 Feb – 11 Feb 2026

Minimum Amount: ₹14,964

Minimum Bid: 116 Shares

Face Value (FV): ₹2

Listing On: NSE, BSE

Financial

Book Running Lead Managers

Axis Capital

IIFL Capital Services

JM Financial

Nuvama Wealth Management

CONCLUSION

FinBlab recommends ‘MAY APPLY‘ ratings on Aye Finance IPO.

Do come back to know more about “upcoming ipos“

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Aye Finance IPO Review – Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Resignation of Independent Director

HDB Financial Services Ltd (HDFC Bank’s subsidiary) on January 23, 2026, said that Mr. Arijit Basu (DIN: 06907779) has tendered his resignation as the Non-Executive Independent Director & Chairman of the Company with immediate effect, for reasons as mentioned in the resignation letter.

Refer to Hdb financial services latest news today for more details.

In the second half of the day, private lender IndusInd Bank Ltd said that its part-time Chairman and director Sunil Mehta will step down effective, January 30, 2026, post the completion of his tenure and Arijit Basu will take over as an Additional Director and part-time Chairman of the Bank for a period of three years, effective from January 31 this year, till January 30, 2029.

IndusInd Bank also stated that the appointment of Mr. Basu was approved by its board of directors, based on the nod from the Reserve Bank of India (RBI) and recommendations made by the Compensation and Nomination & Remuneration Committee.

Arijit Basu currently serves as the Chairman of HDB Financial Services. He was also the managing director (MD) of the State Bank of India (SBI), prior to which he served as the MD and CEO of SBI Life Insurance Company.

The Stock made an intraday high of ₹718 and a low of ₹694 before ending at ₹695.40 (down 2.60%) on the NSE.

LAST ARTICLE – Amagi Media Labs IPO Review

15 July 2025

Update

Q1 FY 2026 Results

HDB Financial Services Limited (HDBFS), a non-deposit taking non-banking finance company (NBFC) has presented its Q1 FY 2026 numbers today during market hours.

Asset Under Management (AUM) of the company was at INR 1,09,690 crore as on June 30, 2025 compared to INR 95,643 crore as on June 30, 2024, a growth of 14.7% Y-o-Y basis.

Net total income was at INR 2,726 crore as on June 30, 2025 compared to INR 2,387 crore as on June 30, 2024, a growth of 14.2% Y-o-Y basis.

Profit After Tax was INR 568 crore as on June 30, 2025 compared to INR 582 crore as on June 30, 2024, de-growth of 2.41%.

Branch count stood at 1,771, spread across 1,166 cities and towns in India.

The Company came up with an IPO in June 2025 and raised INR 12,500 crore via offering.

25 June, 2025

HDB Financial Services Limited, a leading Non-Banking Financial Company (NBFC) in India, is planning to raise INR 12,500 crore via IPO.

[Fresh Issue 2500 crore + OFS 10,000 crore]

Hdb financial services ipo price is INR 700 – 740 per share

HDB Financial Services: History

The Company was incorporated as HDB Financial Services Limited under the Companies Act, 1956 under a certificate of incorporation issued by the RoC, Gujarat, Dadra & Nagar Haveli in Ahmedabad on June 4, 2007.

The Reserve Bank of India (RBI) granted a certificate of registration on December 31, 2007, to the Company to carry on the business of a non-banking financial institution without accepting public deposits.

Also Read – Kalpataru IPO review

HDB Financial Services: Business

According to the CRISIL Report, HDB Financial Services Ltd is one of the leading, diversified retail-focused NBFCs in India in terms of Total Gross Loan book size.

The Company began its journey in 2007 as a subsidiary of HDFC Bank Limited (the largest private sector bank in India, in terms of total assets).

HDB Financial offers a large portfolio of lending products that cater to a growing and diverse client base through a wide omni-channel distribution network.

The Company’s lending products are offered through 3 business verticals –

1. Enterprise Lending,
2. Asset Finance, and
3. Consumer Finance

The Company also offers business process outsourcing (BPO) services such as back-office support services, collection, and sales support services to the Promoter company as well as fee-based products such as the distribution of insurance products primarily to the lending clients.

Loan Book

The Company’s total Gross Loans stood at 986.2 billion as of September 30, 2024, reflecting a CAGR of 20.93 percent between March 31, 2022 to September 30, 2024.

Assets Under Management

Assets Under Management (AUM) of the Company stood at 902.3 billion as of March 31, 2024, reflecting a CAGR of 21.18 percent between Fiscal Year 2022 and Fiscal Year 2024.

Network

With a strong branch network of 1,771 branches across 1,170 towns and partnerships with over 1,40,000 retailers, HDB Financials serves 19.2 million clients, growing at a 25.45 percent CAGR.

Strategies Ahead

• Diversify and expand addressable client segments by widening and enhancing product offerings.
• Expand pan-India omnichannel distribution network
• Invest in technology, data analytics, and artificial intelligence to further improve client experience, increase organisational productivity, and decrease costs
• Diversify borrowing profile to optimise borrowing costs
• Strengthen and improve risk management framework as well as underwriting and collections capabilities to minimize the risk of credit losses
• Attract, upskill, and retain talented employees by strengthening organizational culture

Company Promoter

HDFC Bank Limited

IPO Details

IPO date = 25 June to 27 June 2025

Minimum Amount = INR 14,800

Minimum Bid = 20 Shares

Face Value (FV) = INR 10

Listing On = NSE, BSE

Book Running Lead Managers

BNP Paribas,

JM Financial Limited,

Bofa Securities India Limited,

Goldman Sachs (India) Securities Private Limited,

HSBC Securities & Capital Markets Pvt Ltd,

IIFL Capital Services Limited,

Jefferies India Private Limited,

Morgan Stanley India Company Pvt Ltd,

Motilal Oswal Investment Advisors Limited,

Nomura Financial Advisory & Securities (India) Pvt Ltd,

Nuvama Wealth Management Limited,

UBS Securities India Private Limited

Financials

Last Article – Sambhv Steel Tubes IPO review

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings on HDB Financial Service IPO (keeping a long-term view in mind)

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post HDB Financial Services IPO – Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

[Fresh Issue ₹6,846 Cr + OFS ₹8,666 Cr]

Tata capital ipo price is ₹310 – ₹326 per share

Tata Capital: History

The Company was originally incorporated as Primal Investments & Finance Limited, a public limited company under the Companies Act, 1956, on March 8, 1991.

The name of the Company was then changed to Tata Capital Limited for the purposes of brand visibility, and a fresh certificate of incorporation was issued by the RoC on May 8, 2007.

LAST ARTICLE – WeWork India IPO Review

Tata Capital: Business

Tata Capital Ltd (TCL) is a subsidiary of Tata Sons Private Limited and carries on business as a non-banking financial company (NBFC).

Tata Capital and its subsidiaries are engaged in providing (supplying) a wide array of services (products) in the financial services sector and operate across various areas of business, such as –

• Commercial Finance,
• Consumer Loans,
• Wealth Services, and
• Distribution and Marketing of Tata Cards

Through its comprehensive suite of over 25 lending products (the Lending Business), the company caters to a diverse client base comprising large corporations, entrepreneurs, small and medium-sized enterprises (SMEs), salaried and self-employed individuals, and small businesses.

According to the CRISIL Report, Tata Capital is –

• The third largest diversified NBFC in India with Total Gross Loans of ₹2,265.5 billion as at March 31, 2025,
• The fastest growing large diversified NBFCs in India based on growth in Total Gross Loans, and
• Has a track record of sustained growth while maintaining asset quality, as evidenced by metrics such as Gross Stage 3 Loans Ratio of 1.9%, Net Stage 3 Loans Ratio of 0.8% and Provision Coverage Ratio (PCR) of 58.5%, which are among the best across large diversified NBFCs in India as at March 31, 2025.

Since commencing its lending business in 2007, the company has served 7 million clients up to March 31, 2025.

Distribution Network

As of 30 June 2025, the company operated 1,516 branches across 27 states and union territories in India, supported by digital platforms and partnerships with OEMs, DSAs, and dealers.

Strategies Ahead

• Continue to grow by enhancing product offerings and strengthening the distribution network.
• Strengthen credit underwriting, risk management framework, and collections infrastructure to maintain high asset quality.
• Leverage technology and data analytics across the lending value chain to enhance efficiency, reduce costs, improve customer experience, and manage risks.
• Maintain credit ratings and a diversified liability mix to optimize our borrowing costs.
• Attract, train, and retain talented employees.

Company Promoters

1. Tata Sons Private Limited

Refer to Tata Capital IPO DRHP for detailed information.

IPO Details

ipo date = 06 Oct – 08 Oct 2025

Minimum Amount = ₹14,996

Minimum Bid = 46 Shares

Face Value (FV) = ₹10

Listing On = NSE, BSE

Book Running Lead Managers

Kotak Mahindra Capital

BNP Paribas

J.P. Morgan India

HSBC Securities and Capital

Citigroup Global Markets

Financials

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings on Tata Capital IPO (keeping a long-term view in mind)

Do come back to know more about “upcoming ipos“

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Tata Capital IPO – Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

[Fresh Issue 165 Cr + OFS 89 Cr]

Laxmi india finance ipo price is INR 150 – 158 per share

Laxmi India Finance: History

The Company was incorporated as Laxmi India Finleasecap Private Limited in New Delhi under the Companies Act, 1956,

The Company was converted into a public limited company and its name was changed to Laxmi India Finance Ltd under a fresh certificate of incorporation issued by the RoC on October 8, 2024.

Laxmi India Finance: Business

Laxmi India Finance is a tech-driven NBFC focused on serving the financial needs of underserved clients in India’s lending market.

The Company’s product portfolio includes (1) construction loans, (2) MSME loans, (3) vehicle loans, and other lending products (business and personal loans) catering to the diverse financial needs of its customers.

As of March 31, 2025, the company’s assets under management (AUM) stood at INR 1,277 Crore, with the MSME and vehicle loan segments contributing 76.34 percent and 16.12 percent, respectively.

Branch Network

As of March 31, 2025, the company operates with 158 branches in the states of Gujarat, Madhya Pradesh, Rajasthan, and Chhattisgarh.

Collections Team

As of September 30, 2024, Laxmi Finance has a dedicated collections team of 255 personnel who track repayment schedules, payments, and loan defaults, ensure timely collections, and review client accounts to maintain a healthy financial position.

LAST ARTICLE – Shanti Gold International IPO review

Strategies Ahead

• Expanding geographical footprint to deepen penetration in the target customer segment
• Leveraging existing branch and customer network to drive growth in other verticals
• Continuing to enhance information technology with a focus on customer service, operational efficiency, and cost optimization
• Diversify borrowing profile and optimize borrowing costs

Company Promoters

1. Deepak Baid,
2. Prem Devi Baid,
3. Aneesha Baid,
4. Hirak Vinimay Private Limited,
5. Deepak Hitech Motors Private Limited,
6. Prem Dealers Private Limited,
7. Vivan Baid Family Trust

IPO Details

IPO date = 29 July to 31 July 2025

Minimum Amount = INR 14,852

Minimum Bid = 94 Shares

Face Value (FV) = INR 5

Listing On = NSE, BSE

Book Running Lead Manager

PL Capital Markets Private Limited

Financials

CONCLUSION

FinBlab recommends ‘May SUBSCRIBE‘ ratings Laxmi India Finance IPO

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Laxmi India Finance IPO – Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 FY 2022-23 Earnings

IndoStar Capital Finance Limited – a non-banking finance company engaged in providing structured term financing solutions to corporates has posted its Q1 numbers today.

The consolidated total revenue of the company for the quarter ended 30 June 2022 stood at INR 313.82 Cr as against INR 264.76 Cr for the same period last year, registering a growth of 18.53% year-on-year basis,

However the revenue for the last quarter ended 31 March 2022 of the company was INR 340.62,

Interest income from commercial vehicles is the highest revenue generator for the company followed by SME income, then Housing finance, and lastly large corporate,

Expenses

INR 247.78 Cr as on 30 June 2022,

INR 314.51 Cr as on 30 June 2021,

INR 1260 Cr as on 31 March 2022

PAT

For the quarter ended 30 June, 2022 the PAT of the company stood at INR 60.93 Cr (driven by lower credit cost provisions in the commercial vehicle loan segment from Q4 FY22) which was a net loss of INR 36.82 Cr for the same period last year,

The company posted a net loss of INR 753.66 Cr for the previous quarter ended 31 March 2022; (impairment on financial instruments of INR 1036.34 Cr occurred last quarter)

Credit Ratings

The credit ratings of the Company have been recently reviewed, after the release of financial results for the year ended 31 March 2022.

CRISIL has maintained the AA- / A1+ rating (with negative implications).

CARE has assigned ratings of A+ / A1+ (with negative implications).

Daily Chart –

indostar capital share price is INR 155.60 on the NSE when the market close last Friday, while the volume is 2,04,449 shares.

Indostar capital is currently trading at 62.5 percent lower when compared to its 52-week high of INR 417.

Must Read: Nifty prediction for August 2022

7 May 2018

IndoStar Capital Finance – a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI) is planning to raise INR 1840 – 1844 Cr via initial public offer (IPO) [Fresh Issue (INR 700 Cr) and Offer for Sale (INR 1140 – 1144 Cr)]

IndoStar Capital Finance – Company Profile

Incorporated in the year 2009, Mumbai based IndoStar Capital Finance Limited is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company.

Working Area

• IndoStar Capital Finance Limited is a professionally managed and institutionally owned organization.
• The Company is primarily engaged in providing structured term financing solutions to corporates and loans to small and medium enterprise (SME) borrowers in India.
• The Company has recently expanded its portfolio to offer (1) Vehicle Finance, and (2) Housing Finance products through its wholly-owned subsidiary IndoStar Home Finance Private Limited.

Product Portfolio

1) CORPORATE LENDING

• Lending to mid-to-large sized corporates in manufacturing, services and infrastructure industries, by way of senior secured debt, structured financing, promoter financing and special situation funding.
• Lending to real estate developers, mainly for financing project level construction of residential and commercial building projects and take-out of early-stage equity investors.
• The Company generally provides lending solutions against tangible collateral as well as security in other forms, such as charge on operating cash flows.

2) SME LENDING

• The Company provides secured loans for business purposes to small and medium size enterprises, including businessmen, traders, manufacturers and self-employed professionals. The property securing these loans is typically completed and largely self-occupied residential and commercial property.
• The Company currently provide SME loans from our branches located in ten key locations across India, namely Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Indore, Jaipur, Mumbai, Pune, and Surat.

3) VEHICLE FINANCE

• The Company commenced Vehicle Finance operations from November 2017.
• The Company provides financial assistance for purchases of used or new commercial vehicles, passenger vehicles and two-wheelers.

4) HOUSING FINANCE

• The Company operates its housing finance business through its wholly-owned subsidiary IndoStar Home Finance Private Limited.
• The Company provides affordable home finance to the salaried and self-employed customers for the purchase of residential properties.

Lenders

The lenders of the company include, among others, 14 public sector banks, 13 private sector banks, 21 mutual funds and four insurance companies and other financial institutions.

Company Network

The distribution network includes approximately 210 personnel in its in-house sales team, and approximately 648 third-party direct sales associates (DSAs) and other third-party intermediaries.

IndoStar Capital Finance – CREDIT RATINGS

• IndoStar is rated by CARE Ratings Ltd., ICRA Limited, CRISIL Limited and India Rating & Research Private Limited (Fitch Group).
• IndoStar enjoys AA – (minus) rating for Long Term borrowings and highest short term rating of A1+ (plus) for Short Term borrowings.

Company Promoters:

The Promoter of the Company is Indostar Capital

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

Financial Performance

Revenues

IndoStar Capital Finance shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 4 years and jumped from INR 396.51 Cr in FY 2014 to INR 719.92 Cr for the period ended FY 2017. (379.84 Cr till Sept 2017)

Profits

Though the company has shown steady growth in revenue, the company has also registered growth in profits in these 4 years. Starting from INR 112.13 Cr of profits in FY2014, the company’s earnings improved to INR 210.79 Cr for the period ended FY 2017. (110.44 Cr till Sept 2017)

CONCLUSION –
Considering company’s valuation, financial parameters, and the sector potential in which it is operating, FinBlab recommends SUBSCRIBE ratings on IndoStar Capital Finance Limited IPO

Also Read –

1) Indian Stock Market Weekly Analysis by Finblab

2) Finblab’s Valuepick Stock for the month of May – GMM PFAUDLER LIMITED

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post IndoStar Capital Finance Limited IPO – Details, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 FY 2022-23 Earnings

MAS Financial Services Limited – specialized in MSME financing, announced today its financial results for the quarter ended 30th June, 2022.

The Company reports Assets under Management (AUM) of INR 6683.92 Cr and PAT of INR 46.52 Cr for the quarter ended 30th June 2O22 from INR 5161.63 Cr and INR 36.83 Cr respectively for the quarter ended 30th June 2021, registering a Growth of 29.49% in AUM and 26.33% in PAT over the corresponding period of the previous year. The AUM of the company as on 31st March 2022 was at INR 6246.80 Cr.

Capital Adequacy Ratio of MAS financial (including Tier-ll capital) as of 30th June, 2022 stood at 25.28%, while the Tier-l capital stood at 22.49%

Must Read: Nifty prediction for August 2022

The portfolio quality remained stable and strong despite of the prolonged on-going crisis followed by the unprecedented pandemic situation at 2.27% gross stage 3 assets and 1.63 % net stage 3 assets of AUM as compared to 2.28% gross stage 3 assets and 1.70 % net stage 3 assets of AUM as on 31 March 2022.

The Company continues to carry buffer provision (COVID provision) of INR 33.95 Cr as on 3Oth June 2022 which is 0.62% of the total on book assets.

Subsidiary Company’s Performance

MAS Rural Housing and Mortgage Finance Limited, reports AUM of INR 343.2 Cr and profit after tax of INR 1.07 Cr for the quarter ended 30th June 2022 from INR 294.70 Cr and INR 0.82 Cr respectively for quarter ended 30th June ’21, a growth of 16.46% and 46.43% in AUM and PAT.

Chariman & MD’s Speech –

Commenting on the performance, Kamlesh Gandhi said, we have over two & half decade demonstrated that “CONSISTENTLY AND STEADILY lS THE FASTEST WAY TO REACH WHERE YOU WANT TO”

As shared earlier we have the strong conviction that the company has excellent enablers to grow at a consistent CAGR of 20-25%, the same was very aptly demonstrated in the working of this quarter and are confident for the same going forward.

ln consonance with our mission and vision to constantly endeavor to create value for stakeholders on a very large scale through efficient last mile delivery of credit, the main focus of the company continues to remain on maintaining strong capital base, adequate liquidity and quality of assets.

Daily Chart –

mas financial services ltd share price ends at INR 569 at the National Stock Exchange with a volume of 42,966 shares.

Final Comment: The Company has posted solid set of numbers for the Q1 FY23. The top-line and bottom-line of MAS financial has shown healthy growth on the back of strong demand. Though the company is posting good earnings the same is not reflected in the share price. Finblab has a neutral view on the company.

Also Read: A list Q1 Earnings for the week

29 September 2017

MAS Financial Services Limited – a Gujarat-headquartered NBFC (Non-Banking Financial Company) with more than 2 decades of business operations, is planning to raise INR 460.04 crore (233 crores of Fresh Issue + 227.04 crores of OFS) via initial public offer (IPO)

MAS Financial Services Limited – Company Profile

MAS Financial Services Limited is a specialized retail financing organization engaged in financial services since 1995, registered with RBI (Reserve Bank of India) as an NBFC.

Working Area

• Company Focus: MAS Financial Services is focused on fulfilling the requirements of lower and middle-income groups of the society spread across urban, semi-urban and rural areas, and including formal and informal sector.
• Product and Services: The Company offer Financial Services for (1) Micro Enterprises Loans, (2) SME Loans – Machinery Loan, Industrial Shed Loan, Working Capital Loan and Loans Against Property, (3) Home Loans, (4) Two Wheeler Loans, (5) Used Car Loans, and (6) Commercial Vehicle Loans to satisfy customers varied needs.
• Network: The Company operated across six states (Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamilnadu & Karnataka) and in Delhi through 119 branches.
• Loan Account and Customer Base: As of September 30, 2016, The Company had more than 530,000 active loan accounts and 3,200 Customer.
• The Company also has commission based direct sales agents and revenue sharing arrangements with various dealers and distributors where part of loan default is guaranteed by such sourcing partners.

Company Promoters

• Kamlesh Chimanlal Gandhi
• Mukesh Chimanlal Gandhi
• Shweta Kamlesh Gandhi and
• Prarthna Marketing Private Limited

IPO Opening / Closing Dates & Listing

IPO Details – Issue Price, Minimum Bid and Other

Financial Performance

Revenues

The Company shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 138.85 crore in FY 2013 to INR 341.52 crore for the period ended FY 2017.

Profits

Though the company has shown superb growth in revenue, the company has also registered impressive profits in these 5 years. Starting from INR 26.84 crore of profits in FY2013, the company’s earnings improved to INR 67.42 crore for the period ended FY 2017.

CONCLUSION –

Considering company’s valuation and financial parameters, FinBlab recommends SUBSCRIBE ratings on MAS Financial IPO.

Previous Article – GODREJ AGROVET LIMITED IPO

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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The post MAS Financial Services Ltd IPO – Company Profile, Price, Analysis, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Quarterly Numbers:

Spandana Sphoorty Financial Limited – a public limited company registered with Reserve Bank of India (an NBFC-MFI) has announced its financial results for quarter and year ended March 31, 2022.

On a standalone basis, the company’s total income for the period ended 31 March, 2022 stood at INR 274.85 Cr as against INR 330.67 Cr for the period ended 31 December 2022, registering a de-growth of 16.88% Q-O-Q basis. The same stood INR 465.61 Cr a period year ago, de-growth of 41% Y-O-Y basis.

Total expenses stood at INR 252.30 Cr as on 31 March 22, INR 278 Cr for the quarter ended 31 December 22. The same was INR 408.97 Cr a year ago period.

Must Read: HOW THE NIFTY WILL BEHAVE IN JULY 2022

The Company reported a PAT of INR 18.27 Cr for the quarter ended 31 March ’22 versus INR 39.73 Cr a quarter ended 31 December ’22, registering a fall of 54% Q-O-Q basis. While the y-o-y profit de-grew by 56% (INR 41.64 Cr)

EPS of the company stood at INR 2.79 as on 31-3-2022, INR 6.47 as on 31-12-2022, and INR 6.47 as on 31-3-2021.

Here is a daily chart of the company.

19-Aug-2019

Update

Spandana Sphoorty Financial Ltd debuts with moderate discount at INR 848.40

Shares of microfinance lender Spandana Sphoorty Financial Ltd managed to trim losses towards the end of the market and closed a tad below its issue price on August 19.

The stock closed at INR 848.40 on the Bombay Stock Exchange, down 0.89% against issue price of Rs 856. On the NSE, it fell 0.14% to close at INR 854.75.

However, most broking firms are positive on the stock keeping a long term view, because of (1) the strong fundamentals of the company and (2) the turnaround in the business.

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Spandana Sphoorty Financial Ltd – a leading rural focused NBFC-MFI with a geographically diversified presence in India is planning to raise INR 1200.94 Cr via IPO [Fresh Issue (INR 400 Cr) and Offer for Sale (INR 798.13 Cr to 800.94 Cr)]

Spandana Sphoorty Financial Ltd – Company Profile

Spandana was founded by Mrs. Padmaja Reddy in the year 1998 as a Society which was later transformed into an NBFC and subsequently as NBFC MFI.

Spandana Sphoorty incorporated as a public company in 2003 and registered as an NBFC with the RBI in 2004. Subsequently, the company registered as an NBFC-MFI in 2015.

As of March 31, 2018, Spandana Sphoorty Financial is the 4th largest NBFC-MFI (Micro Finance Institution) and the sixth largest amongst NBFC-MFIs and SFBs in India, in terms of AUM (Source: ICRA Research; see “Industry Overview –Benchmarking of Spandana Sphoorty Financial Limited on various parameters” on page 109)

Must Read: Value Pick Stock July ’19 Metropolis Healthcare Ltd

Spandana Sphoorty – Business Activity

The company offers income generation loans under the joint liability group model, predominantly to women from low-income households in rural areas.

The company provides

(1) Income generation loans,

(2) Business loans, and

(3) Loans against gold jewellery

Also Read: Successful Equity Investing 10 Tips for Beginner

Company Products

• Abhilasha (JLG Loans) – Abhilasha stands for “Aspiration”. This unique loan is designed especially for low-income households
• Shree Loans – Shree stands for “Good Beginning”. Offered in the state of Andhra Pradesh,
• Loans Against Property (LAP) – Sometimes big ideas need small help, thus the company have designed Loan Against Property known as LAP.
• Gold Loans (Keertana) – Gold Loans are given against the mortgage of Jewellery.
• Phinix Loans – All of the company’s products are designed for the welfare and economic upliftment of the rural population majorly women.
• Interim Loans – The company ve introduced Interim loans to assist the borrowers who are struggling to meet short-term liquidity requirements.

Company Network

With that humble beginning in 1998, the organisation had 4,045 employees (including 2,746 credit assistants) operating out of 694 branches in 222 districts across 15 states in India, as on 31 March, 2018

Read This: 9 Key Financial Ratios to Find Winning Stocks

Competitive Strengths

• Seasoned business model with resilient performance through business cycles
• High degree of client engagement and robust risk management, leading to superior asset quality and collections
• Streamlined systems and processes and high employee productivity leading to low operating expense ratio
• Focus on the high potential and under-served rural segment
• Geographically diversified operations leading to risk containment and business resilience
• Significant industry experience from Promoter and management team

Company Promoters

Padmaja Gangireddy and Kangchenjunga Limited are the promoters of the company.

IPO Details – Price, Minimum Bid and Other

Spandana Sphoorty – Financials

CONCLUSION –

Considering the company’s valuation and financial parameters, FinBlab recommends SUBSCRIBE ratings on Spandana Sphoorty Financial Ltd IPO

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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Spandana Sphoorty Financial Ltd IPO: Analysis, Review, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.