The upcoming IPO of the 2021 year calendar listed some finance companies IPO like Aadhaar Housing Finance, Arohan Financial services, Muthoot Microfin, Hinduja Leyland finance, etc. Some of these finance companies have already filed initial papers with the Securities and Exchange Board of India (SEBI) for seeking approval.
Aadhar Housing Finance IPO
The Aadhar Housing Finance is leading fanciers to the low-income earnings segment. It offers loans regarding the House sector for expansion, construction, purchase non-residential property etc. They have filed papers with the SEBI for a public listing of Rs 7300 Cr. Its IPO comprises a fresh issue worth Rs 1500 Cr and an offer for sale worth Rs 5800 Cr by BCP Topco VII PTE LTD.
Arohan Financial Services IPO
Arohan Financial Services is a microfinance lender company, based in Kolkata. It offers loan and financial inclusion loans to income generation for the economical background segment. Arohan Financial plans to raise up to Rs 1800 Cr which will be Rs 850 Cr through a public offer and offer for sale of 27055893 equity shares. The company also mobilised Rs 180 Cr through post-placement offers.
Utkarsh Small Finance Bank IPO
Utkarsh small finance bank headquartered in Uttar Pradesh. It provides finance-related services such as insurance, investment, loans, money market, mortgage, etc. Utkarsh small finance bank has received market regulator approval from SEBI. The bank plans to raise around Rs 1350 Cr through a public offering. Its IPO comprises a fresh issue of Rs 750 Cr and an offer for sale of Rs 600 Cr by Utkarsh core invest. Utkarsh small finance plan to use the net proceeds to the argumentation of Tier 1 capital base to meet its future capital requirements.
Srei Equipment Finance IPO
Srei Equipment Finance is a Kolkata based finance services offering company. It offers loans for buying types of equipment that are used in construction and infrastructure projects. The company plans to raise up to 2000 crore from its initial public offering market (IPO).
Muthoot Microfin IPO
Muthoot Microfin is India’s fastest growing NBFC MCI and the fifth largest Microfinance company in India. They offer micro, sustainability loans to women in rural areas. According to a CRISIL report, they had 1.2 million active borrowers in the financial year 2018. Their IPO comprises both fresh issues and offers for sale from promoters. The company filed DRHP with SEBI for Rs 500 Cr public offering.
ESAF Small Finance Bank IPO
ESAF Small Finance Bank Limited has filed DRHP with the Securities and Exchange Board of India to seek approval of public listing. The finance bank fulfils the RBI mandate that requires small finance banks to list in the local exchange within 3 years of achieving Rs 500 Cr net worth. ESAF bank plans to raise around Rs 976.26 Cr with Rs 800 Cr in fresh issue shares and the rest of Rs 176.24 Cr from OFS shares. Its IPO may come in August 2021.
Aptus Value Housing Finance India ltd
Aptus Value is a Chennai based housing finance company and one of the largest Finance Companies in India. The company offers affordable mortgages and loans to self-employed and middle-income people. The company plans to raise Rs 2600- Rs 3000 Cr from its IPO, mentioned in the initial paper filed with SEBI. The issue size will comprise a fresh issue of Rs 500 Cr and an offer for sale of 64.59 million by its current promoters and shareholders.
Hinduja Leyland finance IPO
Hinduja Leyland Finance offers services in the commercial vehicles loans segment for specific vehicles such as Ashok Leyland. The company is looking to raise Rs 500 cr to Rs 700 cr through its initial public offering market. Ashok Leyland is the present organisation of Hinduja Leyland finance.
Fincare Small Finance Bank IPO
Fincare Small Finance Bank has filed an initial draft paper for a public offering with SEBI. Its plans to raise Rs 1330 Cr from the market. The Bengaluru based microfinance Bank IPO comprises a fresh issue worth Rs 330 Cr and offers for sale of Rs 1000 Cr by promotor Fincare businesses services. ICICI security, Axis Capital, IIFL security, and SBI capital markets are the book-running managers of Fincare Small Finance Bank.