Belstar Microfinance IPO 2025: Date, Price, Review, Grey Market Premium & More

What is Belstar Microfinance IPO?

Belstar Microfinance Ltd, a subsidiary of Muthoot Finance, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹1,300 crore through an initial public offering (IPO).

The issue includes:

• Fresh Issue: ₹1,000 crore
• Offer for Sale (OFS): ₹300 crore by existing investors (Maj Invest, Arum Holdings, Augusta Investments)

The IPO aims to strengthen its capital base and support further onward lending to underserved communities.

Belstar IPO Dates (Tentative)

Stay tuned — dates will be updated as soon as SEBI approvals move to the next phase.

IPO Price Band & Lot Size

• Price Band: Not yet disclosed
• Lot Size: Will be revealed with RHP

Retail investors will need to wait for the official RHP to understand the minimum investment amount.

Company Overview: Belstar Microfinance

Belstar is a Non-Banking Financial Company – Microfinance Institution (NBFC-MFI) focused on empowering women entrepreneurs in rural and semi-urban India.

• Founded: 1988
• Parent Company: Muthoot Finance
• Revenue (FY23): ₹1,283 crore
• PAT (FY23): ₹235 crore
• Loan Portfolio: ₹9,380 crore (as of Dec 2023)

Belstar’s strong focus on financial inclusion and long-standing presence in the microfinance space makes it a key player in this high-growth sector.

Industry Outlook: Is Microfinance Growing?

Yes! India’s microfinance sector is expected to grow at a 13–14% CAGR between FY24 and FY25.

With increasing financial literacy, digital lending, and policy support, NBFC-MFIs like Belstar are well-positioned to benefit from rural credit demand.

Risks to Know Before Investing

Every IPO has risks. Here’s what retail investors should watch out for:

1. Unsecured Loans: 99.93% of Belstar’s loans are unsecured — higher credit risk.
2. Regional Concentration: 48.46% of loans are in Tamil Nadu, creating exposure to state-specific risks.
3. Competition: The NBFC-MFI sector is highly competitive, with regulatory changes affecting margins.

Belstar IPO Grey Market Premium (GMP)

As of now, the Belstar IPO GMP is not yet active, since the price band and dates are pending.

We’ll update this section with:

• GMP Live Price
• Kostak Rates
• Subject to Sauda

Bookmark this page or follow Invest With Bull for real-time GMP updates.

Should You Invest in Belstar Microfinance IPO?

Pros:

• Backed by Muthoot Finance (strong parentage)
• Serving a growing sector (financial inclusion)
• Consistent revenue and PAT growth

Cons:

• High-risk lending model
• Regionally concentrated portfolio

Verdict:

If you believe in India’s rural growth story and long-term microfinance potential, Belstar may be a good play for long-term investors. Wait for RHP and analyst coverage before applying.

How to Apply for Belstar IPO

1. Use any UPI-enabled broker app like Zerodha, Groww, or Paytm Money.
2. Select Belstar Microfinance IPO from the IPO section.
3. Enter bid quantity and price once available.
4. Approve the UPI mandate.

Final Thoughts

The Belstar Microfinance IPO is more than just another offer — it’s an indicator of the increasing relevance of financial inclusion. With solid fundamentals but some regional risks, this IPO is worth a close watch.

Stay tuned for updates on GMP, price band, and listing performance right here at Invest With Bull.