|BID/OFFER OPENS ON||August 5,2019|
|ISSUE TYPE||Book Built Offer|
|BID/OFFER CLOSES ON||August 7,2019|
|ISSUE PRICE||Rs 853-Rs 856 Per Equity
|ISSUE SIZE||Rs 1200.94 Cr.|
|FACE VALUE||Rs 10 per Equity Share|
|MARKET LOT||17 Equity Shares|
|LISTING AT||BSE & NSE|
|NAME OF SHAREHOLDERS||NUMBER OF EQUITY SHARES||PERCENTAGE OF SHARE CAPITAL(%)|
|Valiant Mauritius Partners FDI
|JM Financial India Trust II - JM
Financial India Fund II
|Vijaya Siva Rami Reddy
|Helion Venture Partners II LLC||785,135||1.32|
|Kedaara AIF 1||766,815||1.29|
|Helion Venture Partners LLC||731,136||1.23|
|JM Financial Products Limited||541,535||0.91|
|Spandana Employee Welfare
COMPOSITION OF NUMBER OF CREDIT AND DEPOSITS ACCOUNTS (MARCH 2017)
There are 642 Million deposits accounts and 39 Million saving accounts in rural India.
Which accounted 34% of total deposits accounts and 23% of loan accounts in scheduled commercial banks despite rural India making up about 68% of total population.
STATE WISE OUTSTANDING CREDIT IN RURAL AND URBAN AREAS (DECEMBER 2018)
States with credit outstanding of more than INR 4 billion and states with credit outstanding less than INR 4 billion holds a major difference in the sizeable gap between the credit outstanding in rural areas and urban areas.
Clear indications of deficient credit availability in rural areas are reflected by the fact that in most states, the credit outstanding in urban areas is multiple times more than that of in rural areas.
Instead of continuous efforts made by RBI and Government of India, rural areas are still suffering with outstanding credit crisis and to fill this huge gap private creditors can jump into the game and grasp this golden opportunity.
Particularly, MFIs () as they have the sources to reach this isolated section of economy and generate credit at remote locations of the country.
TOP 10 COUNTRIES WITH HIGHEST NUMBER OF ACTIVE BORROWERS
AND MAXIMUM GROSS LOAN PORTFOLIO
Being the largest market in both the aspects, number of micro finance borrowers and gross loan portfolio (GLP) , outstanding amount after paying the credit is on the lower side.
In terms of number of borrowers India holds almost 32% of total 119,985 borrowers all over the world and in terms of value India takes almost 19% of total $111.6 billion micro finance market.But still the overall GLP per borrower is noticeably lower than the word average.
GROWTH AND DEVELOPMENT OF INDIAN MICRO FINANCE INDUSTRY
Micro finance sector in India has grown at a CAGR of 23.1% over past ten years to reachINR 2,633 billion as of March 2019.
KEY TRENDS IN THE INDIAN MICRO FINANCE SECTOR
SHG bank linkage and MFI channels have proved to be an aid in improving the credit accessibility, thus moderately maintaining the ticket sizes (loan outstanding per borrower). Loan outstanding per borrower was was INR 24.972 in march 2019.
|NO. OF BORROWERS
|NO. OF BRANCHES||1059||772||503||526||694|
|NO. OF STATES||11||12||12||13||15|
|Year||Total Revenue||Net Profit||Total Assets||Total Expenses|
The following table and graph shows the return on equity and earning per share between 2016 to 2018 :
|Year||RONW (%)||EPS (Rs)|
|2016||Not Applicable||Not Applicable|
|NAME OF COMPANY||STANDALONE/
|NET PROFIT||BASIC EPS
Inclusion Limited (A)
Network Limited (C)
Services Limited (D)
|Shriram City Union
Finance Limited (H)
Services Limited (J)