In today’s briefing:
- Asirvad Micro Finance Pre-IPO – Accelerating Profitability Growth but with a Litany of Legal Cases
- Kalpataru Pre-IPO Tearsheet
Asirvad Micro Finance Pre-IPO – Accelerating Profitability Growth but with a Litany of Legal Cases
- Asirvad Micro Finance Limited (1053198D IN) is looking to raise around US$183m in its upcoming India IPO.
- Asirvad Micro Finance Limited (Asirvad) is a non-banking finance company (NBFC), and a microfinance institution (MFI) offering small loans to low-income women in India.
- In this note, we talk about the company’s historical performance.
Kalpataru Pre-IPO Tearsheet
- Kalpataru Limited (KTARU IN) is looking to raise about US$189m in its upcoming India IPO. The deal will be run by ICICI, JM Fin and Nomura.
- Kalpataru is an integrated real estate development company involved in activities associated with real estate development, including identification and acquisition of land, planning, designing, execution, sales, and marketing of projects.
- It is a prominent real estate developer in the Mumbai Metropolitan Region (MMR) and is present across all micro-markets in MMR, as per an Anarock Report.