₹3,000 crore issue planned
Key Highlights:
- Svatantra Microfin has filed preliminary papers with Sebi for a ₹3,000 crore IPO.
- The issue includes a ₹1,500 crore fresh issue and ₹1,500 crore OFS.
- Fresh proceeds will strengthen the company’s Tier-I capital.
- Its microfinance AUM reached ₹21,093 crore as of March 2026.
- The company operates across 20 states and 394 districts.
New Delhi, August 14: Ananya Birla-led Svatantra Microfin Ltd has filed preliminary papers with the Securities and Exchange Board of India (Sebi) to raise ₹3,000 crore through an initial public offering, primarily to strengthen its capital base.
The proposed IPO comprises a fresh issue of shares worth ₹1,500 crore and an offer for sale (OFS) of an equal amount. Existing investors Multiples Private Equity Funds and Violicina Limited will sell shares through the OFS component.
The company plans to use the proceeds from the fresh issue to augment its Tier-I capital base. The additional capital is expected to support future capital requirements, business growth and onward lending.
Svatantra Microfin is an inclusion-focused non-banking financial company specialising in microfinance. Ananya Birla is the company’s chairperson and non-executive director.
The company was the first institution to receive the NBFC-MFI licence introduced by the Reserve Bank of India in 2011.
Svatantra Microfin has expanded significantly in recent years. Its microfinance assets under management increased at a compound annual growth rate of 21 per cent from ₹14,438 crore as of March 31, 2024, to ₹21,093 crore as of March 31, 2026.
During the same period, its share of India’s overall microfinance AUM increased to 6.37 per cent from 3.26 per cent.
The company is also the largest NBFC-MFI in Bihar and Uttar Pradesh by AUM-MFI as of March 31, 2026.
Its loan portfolio remains diversified, with no single district accounting for more than 2.74 per cent of AUM-MFI and no single state contributing more than 23.02 per cent.
Asset quality has also improved. The gross Stage-3 ratio declined to 1.19 per cent in FY26 from 2.24 per cent in FY25.
The company’s nationwide presence expanded further following the amalgamation of Chaitanya India Fin Credit, which became effective on March 21, 2026.
As of March 31, 2026, Svatantra Microfin had 2,123 branches across 20 states and 394 districts, supported by 24,594 employees, including 15,575 field officers. Its microfinance business served 42.66 lakh active borrowers.
The proposed IPO will provide the company with additional capital to support its expansion and lending operations while giving existing investors an opportunity to partially monetise their holdings.
