Belstar Microfin files papers for Rs 1,300-crore IPO

The company is a NBFC-MFI (non-banking finance company - micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of 's...

By ET Bureau | Updated: May 07, 2024, 05.56 AM IST

Mumbai: Belstar Microfinance, a subsidiary of Muthoot Finance, has filed its draft red herring prospectus with the Securities & Exchange Board of India for its ₹1,300-crore IPO. The company is a NBFC-MFI (non-banking finance company - micro finance institution) offering loan products, such as micro enterprise, small enterprise, consumer goods, festival, education and emergency loans, and focuses on the lending model of 'self-help group'. Muthoot Finance owns a 66.13% stake in Belstar.

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